Machine learning

286 articles tagged with this keyword

/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).

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/markets

Caseis brings machine learning to reconciliation with Cardabel

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

/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.

/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.

/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.

/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.

/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.

/markets

Axyon AI and DMALINK to develop ML trading algorithms

Axyon AI partners with DMALINK® to develop the first machine learning-based predictive algorithms for forex trading

/payments

Wells Fargo launches AI-powered accounts receivables service

Wells Fargo & Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching.