Latest Artificial Intelligence News: Finextra Research

BIS field study show AI use can boost productivity among programmers

A Bank for International Settlements' field study on AI use by Ant Group programmers demontrated a clear boost in the number of lines of code produced by staff exposed to the Large Language Model.

05 September 2024

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Lloyds to use AI to automate trade finance checks

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

04 September 2024

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“Saving patient zero”: Blackwired's new approach to cybersecurity

Cyber risk has advanced to be the number one risk to the global economy.

03 September 2024

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Goldman, Nomura tap Meta Llama AI models

Goldman Sachs and Nomura are among the companies using Meta's Llama open source artificial intelligence models.

30 August 2024

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Stripe taps AI for cross-border commerce in Asia

US payments giant Stripe is bidding to build on its momentum in Asia with a host of new AI features to support cross-border commerce in the region.

29 August 2024

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Klarna to use AI to halve workforce

Klarna saw revenue rise 27% in the first half of 2024, buoyed by its aggressive use of AI, which CEO Sebastian Siemiatkowski says could help the BNPL giant halve its workforce.

27 August 2024

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Visa in talks over £700m Featurespace acquisition - Sky News

Visa is in talks with Featurespace about a £700 million acquisition of the British financial fraud fighting outfit, according to Sky News.

26 August 2024

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BBVA doubles AI staff numbers

BBVA has doubled the number of staff working on artificial intelligence to more than 400 as it opens new 'AI Factories' in Mexico and Turkey.

22 August 2024

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Skyfire raises $8.5m to bring autonomous payments to AI agents

Former Google and Ripple executives have raised $8.5 million for a startup, called Skyfire, building a payments network that enables AI agents to make autonomous transactions.

22 August 2024

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Transatlantic fintech alliance Fintilect goes live

Fintilect, a transatlantic alliance of three fintech firms owned by Parabellum Investments, has launched to provide banks with a full suite of AI-driven customer engagement tools.

21 August 2024

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Sustainable Finance Live 2024: Using AI technology to drive sustainable solutions

IBM announced its joint endeavor with WWF Germany to use AI spatial capturing technology to enhance elephant tracking in Africa. This technology will be able to support conservation of African elephants, which can increase carbon storage in their forest habitats.

16 August 2024

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Communify acquires Fincentric from S&P Global

Wealthtech entrepreneur John Wise and PE firm Stellex Capital Management have acquired S&P Global’s Fincentric business with a view to providing digital experiences and financial data distribution to the wealth, broking and asset management industries.

15 August 2024

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