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CFTC issues AI advisory

The Commodity Futures Trading Commission’s Divisions of Clearing and Risk, Data, Market Oversight, and Market Participants today issued a staff advisory on the use of artificial intelligence in CFTC-regulated markets by registered entities and registrants.

/ai

GenAI and LLMs embraced by nearly half of financial firms to enhance data-driven risk management

A recent survey conducted by ORX, involving some of the largest banks and insurance companies worldwide, revealed almost half (45%) of financial firms are using at least one of the mainstream genAI assistants to enhance their data-driven risk management strategies. The same number of firms are planning to implement operational risk applications focused on Large Language Models (LLMs) within the next 18 months.

/ai

90% of financial firms lack upskilling and regulatory preparedness for generative AI adoption

UK financial services firms are facing significant challenges in integrating Artificial Intelligence and Generative AI technologies, according to the EY European Financial Services AI Survey.

/ai

CBA appoints Luke Yeaman as new chief economist and head of global economic and markets research

The Commonwealth Bank is pleased to announce that it has appointed Luke Yeaman as its new Chief Economist and Head of Global Economic and Markets Research.

/ai

Nasdaq compliance study shows focus on AI, cloud and data quality

Nasdaq, Inc. (Nasdaq: NDAQ) today released the results of its ninth Annual Global Compliance Survey, revealing the latest trends and challenges in compliance and surveillance within the financial services industry.

/ai

Mbanq releases standalone AI platform for loan origination

Mbanq, a global leader in banking technology, launches Mbanq Comet, an AI-powered digital loan origination platform that makes full use of artificial intelligence to modernize and enhance the lending process.

/ai

Shastic teams with MeridianLink to provide AI workflow automation for banks and credit unions

Shastic, the leading provider of AI-Automated Knowledge Workers for financial institutions, has announced that its platform will be integrated with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies.

/ai

Permutable unveils GenAI API for commodities trading

In a groundbreaking development for commodities trading, Permutable AI today unveiled the world's first Generative AI-powered API for commodities trading.

/ai

Ripjar research reveals widespread adoption of GenAI for AML screening and monitoring

Ripjar, a leading provider for monitoring and investigating threats, risks and criminal activity, has today launched new research which reveals that over 60% of compliance teams anticipate widespread adoption of Generative AI (GenAI) for customer Anti-Money Laundering (AML) screening and monitoring within their organisation in the next two years.

/ai

AI wealthtech platform Range raises $28m

Range, the all-in-one AI WealthTech platform, raised $28 million in Series B funding, led by Cathay Innovation and joined by Gradient Ventures and other investors. This round brings the company’s total funding to $40 million.

/ai

Profile Software releases AI-driven document management system

Profile, a leading global financial solutions provider, leverages the advanced capabilities of AI.Adaptive, and following the successful “text/voice to SQL” and “text/voice to API” solutions, today announces the launch of its pioneering Document Intelligence solution, set to transform document processing for organisations worldwide.

/ai

Finix and Sift introduce AI-powered advanced fraud monitoring

Finix, the full-stack payment processor enabling businesses to accept and send payments online and in-store, today unveiled Advanced Fraud Monitoring, a new no-code capability powered by Sift to help businesses better detect, monitor for, and prevent fraudulent transactions.

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