Latest Artificial Intelligence News: Finextra Research

Italy's Banca Investis launches 'digital junior banker' with GenAI

Italy's Banca Investis has launched an app that provides banking customers with real-time investment advisory backed by generative AI.

26 November 2024

/ai

Klarna to hire 100 engineers for new tech hub in Poland

Klarna has opened a new technology hub in Warsaw, reflecting the city’s growing reputation as a centre of technology innovation.

26 November 2024

/ai

BBVA creates GPT Store to house employee-generated AI tools

Just five months after BBVA distributed 3,000 ChatGPT Enterprise licenses among its employees, 83 percent have incorporated it into their work routine and have created nearly 3,000 adaptations of the tool for specific tasks, ranging from financial data analysis to help to solve legal questions from clients in less than 24 hours or provide customer insights.

25 November 2024

/ai

Revolut preps AI assistant, ATMs and mortgages for 2025

Revolut has laid out its plans for 2025, including the introduction of an AI assistant, mortgages, ATMs, and a business credit product.

25 November 2024

/ai

55% of UK investors are unwilling to use AI tools for investment support – Avaloq

Research from Avaloq, a banking and wealth management platform, indicates that UK wealth managers see AI as the future, but do not yet trust the technology.

22 November 2024

/ai

NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

22 November 2024

/ai

AI adoption in UK FS sector grows but understanding lags

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

22 November 2024

/ai

Australian banks pilot fraud intelligence sharing network

Australia's top banks are piloting a fraud and scams intelligence-sharing network using behavioural- and device-based technology from security vendor BioCatch.

21 November 2024

/ai

European central banks look to GenAI to improve inflation forecasting

The Bank for International Settlements is working with the European Central Bank and Detusche Bundesbank to explore how generative AI could be applied to improve inflation forecasting.

20 November 2024

/ai

AI-created digital documents and deep fakes pose biggest threat to financial services

Digital document manipulation using AI and deepfakes have been revealed as the biggest growing threats facing the financial services industry going into 2025, according to a report by the Entrust Cybersecurity Institute.

19 November 2024

/ai