Latest Machine learning News: Finextra Research

Accuity fights compliance false positives with improved screening module

Accuity, the leading provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, announced new enhancements to its account screening and alert management platform, Firco Screening Insight – for accounts, including new data offerings, improved list management capabilities, and integration with third-party case management solutions.

24 September 2019

Company update/Machine learning

Oracle showcases 10 fintechs leveraging Cloud and API technology at Sibos

As the financial services landscape continues to evolve and consumer expectations rise, banks must collaborate with fintechs to deliver the best solutions for customers.

23 September 2019

Company update/regulation

Refintiv releases digital identify verification tool, Qual-ID

Refinitiv has taken a significant step forward in its efforts to help financial services providers fight identity fraud and financial crime with the launch of Qual-ID, a new solution combining digital identity verification with risk screening to help improve digital onboarding of consumers and compliance with Know-Your-Customer (KYC) and anti-money laundering (AML) regulations around the world.

23 September 2019

Company update/ai

FICO fights real-time payment fraud with new AI product, Falcon X

FICO® Falcon X, announced today at the Finovate conference in New York, delivers groundbreaking AI and machine learning technology aimed at preventing new forms of fraud and financial crime that are enabled by the rapid adoption of real-time payments.

23 September 2019

Company update/ai

AI fraud detection tool launched by Finastra and NetGuardians

Today at Sibos 2019, Finastra has announced its partnership with Swiss Fintech, NetGuardians, which sees the two companies launching an AI-powered fraud detection solution for financial messaging.

23 September 2019

News/Machine learning

Incumbents vs neobanks: Leverage new technology or risk crumbling

Financial institutions are focusing heavily on digital transformation driving innovation, better customer experience and cost reduction as they shift gears from simply meeting regulatory and compliance needs to remain relevant in a digital world.

20 September 2019

News/Machine learning

With AI and cloud, legacy systems no longer impede real-time intraday liquidity

The BCBS28 monitoring requirement asks banks to gather, process and report on a significant amount of data on a monthly basis. Finextra spoke to industry experts Richard Morris, product manager, cash and liquidity management at SmartStream; Henrik Lang, head of global liquidity, global transaction services, Bank of America Merrill Lynch and Daniel Moon, a risk consultant with over 10 years of liquidity risk experience about how technology can prevent legacy systems from impeding the progress of real-time intraday liquidity.

20 September 2019

Company update/security

Inetco Insight gets upgrade

Inetco Systems Limited, specialists in real-time transaction data applications, today announced the release of Inetco Insight 7.

17 September 2019

Company update/retail

Digital Matrix Systems and ZestFinance ring machine learning to credit scoring

Digital Matrix Systems (DMS), an international risk management firm specializing in support of the entire data management life cycle, including secure access to credit bureaus and data providers, data storage, and analytics, announced a partnership today with ZestFinance, the leader in artificial intelligence (AI) software for credit.

17 September 2019

News/payments

AI and cloud remove barriers to entry for real-time intraday liquidity

Financial institutions must actively manage their intraday liquidity but getting to this point continues to be a challenge, as banks are required to capture the information they need in real-time while at the same time meeting increased regulatory reporting obligations.

13 September 2019

News/ai

Bank sales platform Numerated raises $15m

Numerated, the Boston-based startup behind a real-time sales platform for banks, has raised $15 million in a Series B funding round led by Patriot Financial Partners and joined by Venrock, Fintop Capital, and Hyperplane.

10 September 2019

News/ai

AI and enhancing the human element in financial services

At SIBOS 2019, industry experts will be discussing how the financial services sector is in the vanguard of deploying AI on a global scale and whether the technology will be a transformative force or has the potential to act as an existential threat.

06 September 2019

Company update/Machine learning

Signzy and Primechain collaborate on AI banking services

India’s leading RegTech startup Signzy today said it has partnered with globally leading Blockchain startup, Primechain Technologies, to co-develop AI-led smart banking solutions for banks and financial institutions

06 September 2019

News/ai

Filtering the ethics of AI

As decision-making factors using AI become more accepted, pure economics might not align with the softer strategies of a bank. Many financial institutions are questioning how artificial intelligence must be governed within an organisation and how it can be taught to align with a bank’s brand and ethos, but without influence from human judgement.

03 September 2019

News/Machine learning

Aussie regulator turns to tech in new strategy

Australia's capital markets regulator has vowed to expand its use of new technology and behavioural data as part of a strategic plan to strengthen its enforcement.

28 August 2019

News/ai

Avoiding artificial stupidity

While most financial applications of artificial intelligence have been in the customer service space, there are other areas that banks are working with to improve through implementation of innovation technology.

27 August 2019

Research/Machine learning

The Future of AI: Applications for banking business transformation

16 August 2019 858 downloads

News/Machine learning

Northern Trust applies machine learning to securities lending

Northern Trust has developed a pricing engine for securities lending that utilises machine learning and advanced statistical techniques to forecast lending rates for 34 global markets.

14 August 2019

Company update/ai

JPMorgan Chase locks in five year deal with AI marketing platform Persado

JPMorgan Chase today announced a five-year, enterprise-wide deal with Persado, the leader in using AI to generate the highest performing marketing creative. After a successful pilot, Chase is expanding its partnership across the company to cover marketing creative that will reach millions of current and potential customers. Persado uses AI to generate more effective marketing copy. In its pilot, Chase saw as high as a 450% lift in click-through rates on ads rendered by Persado, compared with others in the 50-200% range.

30 July 2019

News/cloud

Is RegTech encouraging a cloud revolution?

The deployment of new applications and the migration of core systems onto the cloud is in full swing, and financial institutions (FIs) could arguably soon be free of the legacy shackles that prevent them from moving forward into the age of digitalisation.

30 July 2019