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Latest Results from /ai

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Compliance challenges and technology gaps amid US regulatory uncertainty, Finextra survey reveals

The latest survey report by Finextra, which included responses from 200 financial services professionals across the US, highlights both optimism and uncertainty surrounding the sector’s regulatory readiness. Conducted between January 16–29, 2025, the survey captured insights from C-level executives to senior managers working in banks, credit unions, payment service providers, technology providers, and fintech firms with revenues ranging from under $10 billion to over $250 billion. These findings come at a pivotal time following the election of Donald Trump and the delay in new regulatory rulemaking, creating a climate of heightened uncertainty for the US financial sector.

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Meet the minds shaping the future of payments at NextGen Nordics

The rapidly evolving world of payments is being shaped by some of the brightest minds across industries, and this year’s NextGen Nordics event on 29 April 2025 at the Münchenbryggeriet in Stockholm, Sweden is set to be a pivotal moment in exploring how the sector is advancing. Attendees will have the rare opportunity to engage with leading figures driving innovation, digital transformation, and the future of financial services in the Nordic region.

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SMBC and Fujitsu partner on AI-powered data analytics business

Sumitomo Mitsui Banking Corporation is teaming up with Fujitsu to explore the creation of a data analytics business they say could empower customers with better decision-making and operational efficiency.

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Visa unveils AI fraud fighting tool

Visa has unveiled Aric Risk Hub, an AI-based fraud prevention platform designed to help protect banks, acquirers, and financial institutions against a broad spectrum of fraud and financial crime.

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Global spending on financial market data hits $44.3bn

Global spending on financial market data and news grew modestly in 2024, with revenues rising 6.4% - far slower than the previous year - to $44.3 billion.

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Monzo co-founder Blomfield predicts AI will wipe out software engineering jobs

Monzo co-founder and Y Combinator partner Tom Blomfield has kicked up a stir by tolling the death knell of the humble software engineer, claiming that AI will soon be "provably and obviously better at basically every facet" of coding.

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Amazon launches AI agent that can shop online

Amazon has unveiled an AI agent trained to independently perform actions, such as order and pay for things, within a web browser.

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PayPal invests in Latin American spend management platform Mendel

Latin American enterprise spend management platform Mendel has raised $35 million in a Series B funding round led by Base10 Partners and joined by PayPal Ventures.

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U.S. Bank: New technology is not always the answer to customer need

In the fintech industry, we often hear of growing innovations and iterative developments on existing technologies that seek to reimagine our world. Many are successful, many are groundbreaking but it is true, in a market of increasing transformation, that there are also products invented without a need for them.

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Australia's CommBank opens collaborative Tech Hub in Seattle

Australia's Commonwealth Bank has opened a dedicated Tech Hub in Seattle to equip its IT staff with first-hand experience of emerging developments in cuting-edge technologies, such as AI and cloud.

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Standard Chartered launches GenAI tool worldwide

Standard Chartered is rolling out a Generative AI tool to tens of thousands of employees around the world.

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Robinhood moves into wealth management and private banking

Stock trading app Robinhood continues to build out its product suite, adding wealth management and private banking services, as well as an AI investment tool.