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Latest Results from /ai

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Worldpay to buy fraud prevention platform Ravelin

Payments giant Worldpay has struck a deal to buy AI-native enterprise fraud prevention platform Ravelin. Financial terms were not disclosed.

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Use of AI in banking to be subject of new inquiry by MPs

The UK Treasury Committee has opened a call for evidence into the potential impacts of the increased use of artificial intelligence in banking, pensions and other financial services.

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Marlin makes majority stake investment in Napier AI

Marlin Equity Partners has taken a majority stake in UK financial crime RegTech Napier AI. Terms were not disclosed.

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EU AI Act: Unacceptable risk provisions take effect

The European Union Artificial Intelligence Act (EU AI Act) entered into force on 1 August 2024, marking a historic moment as the world’s first comprehensive legislation regulating AI systems according to a risk-based approach.

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Emirates NBD's Deniz Ventures, Rasmal Ventures provide Mena securitisation innovation $7.6m boost

The world's first AI-powered securitisation platform, TeamSec, aims to transform the structured finance industry through a securitisation-as-a-service platform.

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UK fintech jobs market booms

The UK fintech sector experienced a 44% surge in job vacancies in 2024, driven by venture capital investment and AI, according to a report for recruiter Morgan McKinley.

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Lloyds appoints head of responsible AI

Llloyds Banking Group has reacted to the growing pressure on banks to build safeguards around their deployment of artifical intelligence tools by appointing Magdalena Lis as head of 'responsible' AI.

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UBS underpins AI development with data transformation initiative

UBS undertook a massive data transformation effort to support the creation of two domain-specific AI assistants, collectively known as UBS Red.

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AI chatbot developer Zaion raises €11 million

Zaion, a French provider of conversational AI for banking chatbots, has secured an €11 million fundraising round led by 115K, La Banque Postale's venture capital fund.

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Euroclear signs seven-year deal with Microsoft

Euroclear has entered into a seven-year deal with Microsoft, harnessing a full suite of technology encompassing cloud, data and AI.

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Spend management platform Yokoy acquired by TravelPerk

Business travel platform TravelPerk has raised $200 million and acquired Swiss AI-powered spend management outfit Yokoy.

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NatWest invests in AI startup dedicated to tackling financial vulnerability

NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability.