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

Abu Dhabi Global Market taps regtech startup to automate licence applications

Regtech startup Nexus FrontierTech has joined forces with Abu Dhabi Global Markets (ADGM) to pilot an AI-based system to automate the licence application process for VC fund managers entering the emirate.

27 April 2020

News/regulation

FCA head of RegTech: Prioritise female hires across the industry

Francesca Hopwood Road, head of regtech at the FCA drilled down on how the hiring process structurally worked against the employment of females in regtech during the Regtech Women’s event ‘Cracking Communications: Be effective, be confident, be compliant’.

12 March 2020

News/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

06 March 2020

News/cloud

Success in the cloud: Strategic insights and best practices

The cloud is now the new normal and financial institutions are harnessing and deriving value from the massive amount of data that they possess. Finextra Research’s latest report in association with Amazon Web Services highlights that technology needs to be adopted as quickly, easily and cost-effectively as possible, for scale and flexibility.

21 February 2020

News/ai

EU sets out plans for Big Data and AI

The European Commission is to invest EUR2 billion in the creation of an EU cloud alliance as part of an overarching strategy to leverage the region’s strong industrial data sets and boost development of AI technologies.

20 February 2020

News/regulation

FCA flags regulatory gaps and IT outages as key areas of focus

In its annual Sector Views report, the UK's Financial Conduct Authority warns of the growing risks to consumers in the retail banking and payments sector, as regulatory protection struggles to keep pace with technology-driven innovation and incumbents grapple with legacy limitations.

19 February 2020

News/Machine learning

A Segment of One: The new reality

Consumers now have access to all the information they need to define, compare and select the financial products and services that best serve their individual needs.

14 February 2020

News/sustainable

BBVA responsible business global head: “UN SDGs are the biggest business opportunity for banks”

Finextra Research spoke to Antoni Ballabriga, global head of responsible business at BBVA, co-chair of the global steering committee and European banks’ representative for the United Nations Environment Programme Finance Initiative (UNEP FI) about sustainable finance in the investment and lending space.

11 February 2020

News/Machine learning

Refinitiv partners with Google Cloud to power Tick History database

Refinitiv has announced the launch of its Tick History dataset on the Google Cloud platform, catering to a growing appetite for quant-trading technology.

11 February 2020

News/ai

Citi Commercial Cards adds virtual agent to call centres

Citi Commercial Cards has teamed up with conversational AI firm Interactions to roll out an intelligent virtual agent (IVA) feature to its US call centres.

07 February 2020

News/ai

Fintech workforce to expand 19% by 2030 thanks to AI, Cambridge University predicts

In a recent report, the Cambridge Centre for Alternative Finance (CCAF) and the World Economic Forum (WEF) found that rather than observing AI as a single instrument for blanket application across the industry, AI can be viewed as a toolkit that is being used to tinker and build services in an abundance of ways to achieve a variety of objectives.

07 February 2020

News/ai

ECB runs AI coding marathon to get new insights into supervisory data

The European Central Bank (ECB) has teamed up with digital innovation outfit Reply to run a 48-hour coding marathon focused on the application of AI and machine learning.

06 February 2020

News/startups

BNP Paribas lures innovative startups to new Sao Paulo hub

Teaming with Carrefour Brasil SA, Edenred and Ingenico Group, BNP Paribas plans to foster startup innovation out of the Sao Paulo-based hub, La Fabrique.

24 January 2020

News/ai

FCA & BofE launch AI and machine learning forum

The FCA and the Bank of England are to run a public/private forum to delve into the technical and public policy issues surrounding bank adoption of artificial intelligence and machine learning tools.

24 January 2020

News/sustainable

Davos 2020: Refinitiv launches sustainable data alliance

Announced at the World Economic Forum, Refinitiv will join forces with influential global bodies to create a first-of-its-kind alliance to monitor sustainable finance through data.

22 January 2020

News/cloud

Managing data beyond the tipping point of cloud

While 52% of asset management firms use the cloud for data management today, a further 28% plan to migrate data management to the cloud in the next 18 months.

20 January 2020

News/cloud

ML in the cloud enhances the financial data journey

While there are troves of financial data that have the potential to drive and inform critical business decisions, data remains siloed due to challenges associated with managing multiple data sources and aging infrastructure. Many financial institutions (FIs) face challenges – from limited storage and compute capacity to resource-intensive network deployments – that impede the ability to generate data-led insights powered by analytics.

13 January 2020

News/cloud

Cloud as the enabler of AI’s competitive advantage

Data is just the beginning. Financial institutions (FIs) are now hyper-focused on surfacing meaningful, timely, and actionable insights from proprietary and third-party data. Technologies such as the cloud and artificial intelligence (AI) are forming new partnerships between humans and machines.

13 January 2020

News/cloud

Natural language processing is the next step to automation

78% of institutional investors agree that technology has made financial markets ‘better and more efficient.’ This figure is staggering when compared to the 20% of participants who feel that technology has ‘made financial markets overly complicated.’ But where does the cloud fit in?

13 January 2020

News/Machine learning

BMO joins $6m FlexPay funding round

FlexPay, a Montreal-based startup using AI to help merchants recover lost revenues from declined transactions, has raised $6 million in a funding round led by Impression Ventures and joined by BMO Capital Partners.

09 December 2019