Machine learning

268 articles tagged with this keyword

/cloud

DBS uses gamified learning to give staffers AI skills

Singaporean bank DBS has joined forces with AWS to boost the AI and machine learning skills of thousands of staffers through a gamified learning programme that will see participants develop their own autonomous model race cars.

/retail

Standard Chartered partners Truera to combat bias in AI

Standard Chartered is teaming up with US outfit Truera to help tackle unjust bias in AI-assisted decision making.

/regulation

Machine learning: foe and friend for market surveillance

The rise of machine learning in trading is posing new challenges for market surveillance, but the technology could also be a useful tool for identifying abuse risks, according to a report from the FICC Markets Standards Board (FMSB).

/regulation

ComplyAdvantage raises $50m for financial crime platform

AI-based financial crime detection startup ComplyAdvantage has closed a $50 million Series C funding round to fuel its international expansion plans.

/sustainable

Coordinating ESG solution ideation for investment and asset management

In June 2020, Finextra Research welcomed industry experts to Sustainable Finance Live, the first virtual interactive workshop to discuss how financial services firms and technology companies can achieve the UN’s Sustainable Development Goals (SDGs) by 2030.

/retail

Russia's VTB Bank launches 'robot factory'

Russia's VTB Bank has launched a 'robot factory', with plans to roll 250 digital employees off the production line by the end of 2022.

/covid-19

FS firms accelerating digital plans amid Covid 19: Broadridge

More than half of financial services companies plan to accelerate implementation of their next generation technology strategies, according to a new global survey of 500 financial services C-Suite executives and their direct reports released today by Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader

/wholesale

BNP Paribas heralds document automation milestone

BNP Paribas Securities Services, a leading global custodian with USD 10.6 trillion in assets under custody[1], has automated the processing of key asset servicing documentation, a major milestone in the bank’s digital transformation programme.

/cloud

Deutsche Bank and Google Cloud agree multi-year deal

German banking giant Deutsche Bank has agreed a multi-year partnership with Google Cloud for the provision and joint development of cloud services.

/sustainable

More maturity needed from AI, DLT and IoT to power sustainable finance data

The executive director of Green Digital Finance Alliance, a partnership between Ant Financial and the UN Environment Programme, has told Finextra Research about the mixed picture in being able to harness new technology to collect and tap into the data required to drive investment for sustainable goals.

/cloud

How the cloud transforms customer experience in financial services

The bar to meet customer expectations across industries has continued to rise. Digital innovation is changing how companies engage their customers in every interaction, particularly how they deliver information as well as products and services.

/crime

Elucidate raises EUR2.5m for Financial Crime Index

Berlin-based financial crime risk quantification agency Elucidate has raised EUR2.5 million in a seed funding round led by Silicon Valley-based 11.2 Capital.

/wealth

Rise Wealth Technologies rebrands as Quantumrock

RISE Wealth Technologies, the Munich-based AI investment technology firm, has today unveiled a new name, new logo and a new website as part of an extensive rebranding initiative. The business is now known as Quantumrock.

/retail

Fintech is an opportunity, not a threat - Hong Kong's banks

As they face up to competition from a slew of new 'virtual banks', Hong Kong's traditional lenders are broadly optimistic about their future in the fintech era.

/startups

SME lending platform Validus raises funds for push into Thailand

Singapore-based SME financing platform Validus has raised over US$14 million, with US$20 million in committed capital, in an ongoing Series B+ financing round.

/startups

Boosted.ai raises $8m

Boosted.ai, the leading distributed machine learning platform for global investment professionals, today announced the closing of an $8 million USD Series A financing round, led by Portag3 Ventures.

/wealth

Northern Trust tapping data transparency and ESG to navigate volatility

American financial holding company Northern Trust’s head of front office solutions, Melanie Pickett, tells Finextra Research about some of the complexities in delivering reliable data analytics to institutional clients, which are of even greater importance during periods of volatility such as now.

/security

Trust remains integral to acceptance of AI by UK consumers

In response to the European Commission’s strategy for data released in February, Vikram Khurana, senior associate, Bristows LLC argues that “The EC is saying trust needs to be the bedrock of AI. If the industry can tackle this issue and build trustworthy AI systems, AI is more likely to be accepted and taken up by businesses and individuals.”