Latest Artificial Intelligence News: Finextra Research

JP Morgan backs new Tifin AI-powered wealth management charge

JP Morgan is investing in a new AI-focused venture from Tifin, an umbrella group operating a host of wealth management fintech businesses.

27 July 2023

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How instant payments will impact financial crime mitigation

Speaking at the Temenos Community Forum at Vienna earlier this year, Finextra interviewed Adam Gable, product director of financial crime, treasury, and risk at Temenos, and Hani Hagras, chief science officer at Temenos to discuss how instant payments has been a catalyst to accelerate speed and innovation in financial crime mitigation.

26 July 2023

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Sam Altman's Worldcoin project launches

Worldcoin, Sam Altman's project to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned, has launched in several cities around the world.

24 July 2023

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Portrait Analytics raises $7m for launch of AI research platform

Portrait Analytics, the startup behind a generative AI research platform for investment analysts, has brought its total capital raised to $10 million with an investment led by Unusual Ventures.

20 July 2023

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FCA chief warns banks of AI risks and Big Tech threat

FCA chief Nikhil Rathi has urged banks to up their spending to combat the rise in AI and the threat of 'deep fake' fraud.

12 July 2023

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Martin Lewis calls for regulation after featuring in deepfake AI scam

Consumer finance specialist Martin Lewis has spoken out after a deepfake scam video featuring his likeness was circulated on Facebook.

07 July 2023

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Mastercard AI tool helps UK banks take on real-time payment scams

Mastercard is tapping into its AI capabilities to help a host of UK banks predict and prevent real-time payment scams.

06 July 2023

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Mizuho to roll out generative AI to employees

Japanese bank Mizuho has made Microsoft’s OpenAI platform available to its 45,000 workers.

28 June 2023

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Lloyds invests £2m in corporate banking platform Fennech

UK high street bank Lloyds has invested £2 million in AI-based corporate banking platform for financial institutions and corporates, Fennech.

27 June 2023

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Survey shows consumer concern over AI-driven payments

The vast majority of consumers (86%) have reservations about the use of artificial intelligence (AI) in the payments process but seem much more welcoming of augmented reality (AR) and virtual reality (VR), suggests recently published research.

27 June 2023

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Google Cloud launches AI-powered AML tech

Google Cloud has developed an AI-powered product designed to help global financial institutions more effectively and efficiently detect money laundering.

26 June 2023

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JPMorgan Chase appoints Teresa Heitsenrether to lead AI efforts

JPMorgan Chase has named veteran executive Teresa Heitsenrether chief data and analytics officer.

22 June 2023

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