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CFA Institute publishes investment industry AI handbook

CFA Institute has today launched a comprehensive AI Handbook, revealing how asset managers are using AI and big data technologies to enhance the investment process.

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No evidence of responsible AI activity in eight of the world's largest banks

Research shows one third of North America and Europe’s largest banks lack transparency and are failing to publicly report on the progress of their AI development.

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Brex and OpenAI team to combine spend management with artificial intelligence

Brex today announced it will be launching advanced AI-powered tools for CFOs and their teams, all built using advanced machine learning and natural language processing technology from OpenAI, an AI research and deployment company.

/ai

Schroders Personal Wealth adopts AI-based Aveni Detect platform

Aveni, the AI fintech business, has been selected by Schroders Personal Wealth (SPW) to transform its compliance function.

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Lloyds Banking Group invests in Ocula Technologies

Artificial Intelligence (AI) company Ocula Technologies has today confirmed that it has received new investment from Lloyds Banking Group and their Fintech Investment Team.

/ai

Quantexa acquires Aylien to enter text analytics market

Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has acquired Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI to empower its customers to collect, analyze, and understand unstructured text data.

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Hinkus and Blomfield invest in Robin AI

Robin AI, the generative AI startup, has raised $10.5m led by Plural, with participation from Episode 1.

/ai

Themis and Diligencia announce partnership

Themis announces today a new strategic partnership with Diligencia, a leading provider of corporate data in the Middle East and Africa (MEA). This partnership reflects the ongoing, significant investment in Themis’ AML/CFT technology, and follows the recent announcement of successfully overfunding in their Pre-Series A round - raising a total of £3.1 million.

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Mexico's Tudi signs for ThetaRay AML tech

ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced that Tudi, enabling a digital financial community through its mobile app, has chosen ThetaRay’s cloud-based AML solution to monitor its transactions in Mexico for financial crime.

/ai

AmEx taps Microsoft for expenses tool

American Express (NYSE: AXP) is expanding its decades-long relationship with Microsoft to develop a suite of solutions built on Microsoft Cloud and AI technologies focused on reducing business travel friction for employees and businesses.

/ai

BofA reports record year for patents granted

Bank of America announced a record-breaking year for patents received in 2022 with 608 patents granted, a 19% increase year over year.

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Piie to implement ThetaRay AML tech for insurance payments

ThetaRay, a leading provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, today announced a collaboration to implement an advanced AML solution for insurance claim payments.

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