Latest Artificial Intelligence News: Finextra Research

EBAday: Banks are seeking new approaches to level up sustainable strategies

In the panel ‘Sustainable finance: Assessing shades of green across payments and banking’, hosted by Finextra’s own Madhvi Mavadiya, speakers explored how the European banking landscape is adopting sustainable strategies.

22 June 2023

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BNPP SS unveils virtual agent

BNP Paribas Securities Services has announced the launch of an AI-powered virtual assistant.

21 June 2023

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EBAday 2023: iPiD announced as Fintech Zone winner!

During the past two days, 16 early stage, early growth fintech startups from across Europe and beyond pitched their proof of concepts or working products on the exhibition floor of EBAday 2023 in Madrid, Spain.

21 June 2023

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EBAday: Banks exploring new strategies in AI, data, and cloud

The afternoon of the first day of EBAday kicked off with the panel ‘How new technologies are transforming banking’ in breakout room 2. Panelists Cal Corcoran, vice president and global head of banking at Microsoft, Simone Lofgen, managing director of payments platforms at Commerzbank, Andre Martins, head of banking innovation and open finance at NTT Data, and Simone Satan, global head of digital market management and treasury services at BNY Mellon discussed AI, cloud computing, and innovative automation technologies being used to transform the payments industry in a session moderated by Graeme Jeffrey, partner at Bain & Company.

21 June 2023

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EBAday: Banking leadership needs just as much innovation as banking technology

For this year’s EBAday Challenge Speech, Claudia Olsson, CEO and founder, Stellar Capacity and Young Global Leader of the World Economic Forum, provided new perspectives in understanding technology’s impact on society, people and leadership.

20 June 2023

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Majority of consumers trust generative AI for financial planning

The majority (53%) of consumers trust generative AI technology to be used for its financial planning, suggests recently published research.

20 June 2023

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Mizuho trials Fujitsu generative AI tech

Japan’s Mizuho Financial Group has begun trialing generative AI technology from Fujitsu to streamline development and maintenance operations of its systems.

20 June 2023

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AI risk management tool secures $20m fund raise

Blackbird AI, which develops AI-driven narratives for risk management, has raised $20m in a series B funding round.

16 June 2023

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BBVA taps AWS for new data platform

BBVA has selected Amazon Web Services analytics and AI technology for a new data platform that will provide a secure repository of the Spanish bank's operations and customer data.

16 June 2023

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Finnovating unveils MatchGPT 'Business Tinder'

AI startup Finnovating has launched its own Generative Pre-Trained Transformer (GPT) designed to help tech companies find, match and deal with corporate partners and clients.

08 June 2023

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Bank customers ill-served by poorly deployed chatbots - CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring banks' increasing use of AI-powered chatbots amid a surge of complaints from frustrated customers trying to receive straightforward answers from their financial institutions or raise a concern or dispute .

08 June 2023

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Money20/20: Quantum and generative AI together is ‘scary’ - ING

At Money20/20 in Amsterdam, Finextra chatted to ING’s head of corporate strategy & innovation Jeroen Plag about how the bank has merged the innovation and strategy departments bringing initiatives closer to the business like CoorpID and Blacksmith and is now focusing on building new assets.

07 June 2023

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