Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Mastercard launches virtual card for instant B2B payments

Mastercard has unveiled a virtual card offering that uses machine learning and straight-through processing for instant payment of supplier invoices.

21 January 2022

News/sustainable

City of London policy chair hails UK capital as a centre of green finance

This week, the FCA and the City of London Corporation held a demo day for its Sustainability Cohort initiative, which aims to further green the financial sector and catalyse the transition to net zero.

18 January 2022

Company update/retail

VTB Bank introduces AI to speed up client services

As the bank’s digital transformation strategy, VTB has developed a system that will speed up and improve the recognition of text requests from customers when contacting the bank through a chatbot (either via the VTB app or online).

20 December 2021

Company update/markets

Alkymi selected by Interactive Brokers to streamline client onboarding

Alkymi, the leader in data workflow automation, today announced the onboarding of Interactive Brokers Group, Inc., an automated global electronic broker that operates one of the largest electronic trading platforms by volume in the US.

14 December 2021

Research/Machine learning

Future-Ready Payments Solutions: Remaining competitive with reusable technology

09 December 2021 788 downloads

Research/Machine learning

Don’t go extinct - How Wealth Managers can remain relevant

29 November 2021 336 downloads

News/sustainable

QuantCube launches real-time indicators to track economic and environmental change

Alternative data specialist QuantCube has today launched four new real-time economic indicators, which use intelligence gathered from European Space Agency (ESA) global satellite data to track environmental change.

24 November 2021

News/startups

Justt raises $70m to take on chargeback system

Justt, a startup using machine learning to help online merchants prevent false chargebacks, has come out of stealth with $70 million in funding.

16 November 2021

Company update/regulation

EBA consults on machine learning for internal ratings-based models

The European Banking Authority (EBA) published today a discussion paper on machine learning used in the context of internal ratings-based (IRB) models to calculate regulatory capital for credit risk.

11 November 2021

News/regulation

FCA selects Aiimi’s Insight Engine for three year contract

Following an extensive evaluation and Alpha testing phase, the FCA has selected UK data firm Aiimi’s Insight Engine to improve the regulator’s data analytics.

10 November 2021

News/identity

Digital ID firm Socure hits $4.5bn valuation

Machine learning-based digital identity verification firm Socure has closed an oversubscribed $450 million funding round at a $4.5 billion valuation.

09 November 2021

Research/Machine learning

Addressing the Poverty Premium: A data-led approach

05 November 2021 296 downloads

News/sustainable

COP26: The role of investors and greentech startups in delivering decarbonisation

On day two of COP26’s ‘World Leader’s Summit’, Finextra attended European finance consultancy Oxera’s ‘Economics of Climate Change’ session, which brought to life the role that both investors and greentech startups can play in delivering decarbonisation.

03 November 2021

Company update/markets

Caseis brings machine learning to reconciliation with Cardabel

As a leading European asset servicing group, CACEIS is fully committed to digital transformation.

19 October 2021

Company update/crime

ComplyAdvantage expands AML service to North America

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced the North American expansion of ComplyLaunch™ a free program for fintech startups. The program provides qualified startups with free access to the company’s award-winning AML and Know Your Customer (KYC) tools plus resources needed to uncover and reduce the threat of money-laundering activities so they can onboard new customers with lower risk and greater trust.

15 October 2021

Company update/wholesale

RPA Supervisor raises $5 million to police the robot workforce

The first automated RPA management platform, RPA Supervisor has raised $5m in a Seed round led by MMC Ventures.

14 October 2021

News/retail

Credit Kudos launches Open Banking credit score

Credit Kudos has launched Signal, an Open Banking and machine learning-based credit score that it says enables lenders to increase acceptance of previously declined customers and reduce defaults.

14 October 2021

Company update/regulation

Broadridge releases AI-powered AML package

To better serve clients and the financial services industry, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the launch of the Broadridge Anti-Money Laundering Solution (AMLS), bringing new, leading edge capabilities to Broadridge’s existing Intelligent Automation suite.

12 October 2021

Research/Machine learning

Five Factors to consider when building Operational Resilience

12 October 2021 252 downloads

News/Sibos

Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector?

Opening Swift Innotribe’s red thread – Banking on Change – on day one of Sibos 2021, was theoretical physicist, futurist and science communicator, Dr Michio Kaku. Known best for his seminal work on string theory, Kaku analysed science’s contribution to wealth generation since the first industrial revolution, and made predictions as to how further technological innovation, particularly artificial intelligence (AI), will steer the financial services sector through the fourth and fifth industrial revolutions, this century.

11 October 2021