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Latest Results from /ai

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MangoPay buys Nethone to help marketplaces fight fraud

MangoPay, a European payment technology provider for marketplaces and platforms, is buying AI fraud detection and prevention company Nethone.

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Westpac among founder members of AI consortium

Westpac has joined with five other organisations to form a new consortium to drive leading-edge research into responsible adoption of artificial intelligence in the finance sector.

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CaixaBank bot proves a hit

CaixaBank is hailing the impact of its virtual assistant, claiming that a third of digital customers are already using the bot, making it the top method for answering questions.

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JP Morgan to open Athens payments R&D centre

Wall Street giant JP Morgan is opening a payments innovation lab in Athens as part of a wider Greek expansion.

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Ex-Googler unveils 'family office for the world'

A group of former Googlers has raised $90 million for a startup promising to bring the benefits of family offices to the masses.

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Chime and Upstart lay off staff; Credit Karma pauses hiring

Digital bank Chime, online lender Upstart and Intuit-owned Credit Karma are the latest fintechs to reassess staffing in the face of the economic downturn.

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UOB rolls out auto saving feature in Indonesia

Singapore-based UOB has enlisted Personetics for a new AI-powered automated savings feature at its Indonesian outpost TMRW.

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Money20/20 US: Wells Fargo and Google launch AI assistant ‘Fargo’

Wells Fargo today unveiled the launch of Fargo, a virtual assistant driven by Google Cloud’s AI technology to improve their retail and consumer banking experience.

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CFA paper calls for ethical use of AI

Ethical considerations should feature more prominently in the use of artificial intelligence (AI) in the investment management world, according to a recently published paper.

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Bunq wins AML case against Dutch Central Bank

Dutch challenger bank Bunq has hailed a "landmark" verdict in the Dutch courts over the use of artificial intelligence (AI) for anti-money laundering processes.

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BofA bot Erica hits 1bn customer interactions

Bank of America's AI-powered chatbot, Erica, has passed the one billion client interactions mark, helping nearly 32 million customers since launching in 2018.

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Regulatory and legacy system constraints hampering machine learning deployment

UK financial firms blame a lack of regulatory clarity and legacy systems for constraining deeper deployment of machine learning technology, according to a survey conducted by the Bank of England.