Latest Machine learning News: Finextra Research

NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

22 November 2024

News/ai

AI adoption in UK FS sector grows but understanding lags

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

22 November 2024

News/ai

NextGen: AI – OpenAI, others facing delays with training new LLMs

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

15 November 2024

News/predictions

Why US fintech and banking is at an inflection point

Boston Fintech Week returned this week for its seventh instalment, welcoming industry experts and executives to a two day conference at the Federal Reserve Bank of Boston to discuss the state of banking and fintech at full throttle in the US, and explore what lies ahead.

18 October 2024

News/ai

AI adoption doubles in UK banking sector

There has been a "significant shift" in UK banks' attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

02 October 2024

News/ai

AI set to revolutionise wealth management operations - survey

Artificial intelligence is set to revolutionise the wealth management industry, with nine in 10 investors believing the technology can used effectively for researching financial products and service.

02 October 2024

News/ai

Visa to buy UK fraud fighting tech provider Featurespace

Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.

26 September 2024

News/regulation

Survey uncovers tech aversion within financial institutions

The majority of UK-based financial firms are risk-averse when it comes to new technology, according to recently published research.

24 September 2024

News/security

“Saving patient zero”: Blackwired's new approach to cybersecurity

Cyber risk has advanced to be the number one risk to the global economy.

03 September 2024

News/security

Visa in talks over £700m Featurespace acquisition - Sky News

Visa is in talks with Featurespace about a £700 million acquisition of the British financial fraud fighting outfit, according to Sky News.

26 August 2024

News/ai

Finextra launches NextGen:AI, a new event defining AI's future in financial services

Join Finextra in London on 26th November 2024 to challenge the perception of AI and its role in financial services.

14 June 2024

News/startups

EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.

15 March 2024

News/crime

MPE 2024: AI-driven misinformation and consumer education in fraud

In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.

15 March 2024

News/startups

Theia Insights raises $6.5m to bring AI to investment community

A former Amazon Alexa scientist has raised $6.5 million for a startup vowing to bring foundational AI to the global investment community.

06 March 2024

News/security

Revolut launches AI-based scam detection feature

Revolut has launched an AI-powered anti-scam feature to protect customers from falling victim to authorised push payment fraud.

15 February 2024

News/regulation

LLMs display cognitive shortfalls - BIS

When posed with a logical puzzle that demands reasoning about the knowledge of others and about counterfactuals, large language models (LLMs) display a "distinctive and revealing pattern of failure," according to a bulletin from the Bank for International Settlements.

05 January 2024

News/payments

Finextra's top research reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

28 December 2023

News/payments

Finextra's top impact study reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded impact study reports over the course of the past year. Our impact study reports are how-to, best practice guides that support those in the financial industry in their utilisation and optimisation of particular technologies, as well as providing an outlook at future trends to watch.

27 December 2023

News/payments

Nth Exception launches AI tool for ISO 20022 adoption

London-based fintech Nth Exception has launched Nucleus, a machine learning data fabric to ease financial institutions into ISO 20022 adoption.

15 December 2023

News/regulation

BofE to review AI risk to financial stability

The Bank of England is launching a review of artificial intelligence and machine learning amid concerns that its use could pose financial stability risks.

06 December 2023