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Latest Results from /ai

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Fintech chiefs raise AI regulatory fears in Parliament

Leaders from the fintech and artificial intelligence (AI) industry gathered in Parliament last night for a special debate on the ethical and regulatory challenges posed by the technology to the UK.

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SEC head warns AI could cause financial crisis

It is "nearly unavoidable" that AI will trigger a financial crisis within the decade unless regulators step in, says Securities and Exchange Commission head Gary Gensler.

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Carefull raises $16.5m for financial safety platform for older Americans

Carefull, an AI-powered financial safety platform that helps banks and wealth advisors protect aging customers from scams and money mistakes, has closed a $16.5 million Series A round.

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EVO Banco taps AI and Google Maps to show customers transaction locations

Spanish digital bank EVO Banco has launched a geolocation service for card purchases that uses AI and Google Maps to show customers the exact time and place where their transactions took place.

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Klarna unveils AI-powered photo tool for shoppers

Klarna has unveiled an AI tool which allows shoppers to take a picture of things and styles in their surroundings, instantly find out where to buy them and get the best deal in the firm's app.

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Deutsche Bank invests in LLM developer Kodex AI

Deutsche Bank's Corporate Venture Capital (CVC) group has invested in Kodex AI, a Berlin-based startup developing a Large Language Model (LLM) application catered to the needs of the financial services industry.

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Sustainable Finance Live 2023: Green energy transition can be driven by demand

“We are told consistently by financial leaders that trillions of dollars of capital are committed to transforming economies cities, etc. to achieve net zero, yet many of you have noticed that the despite the large amounts quoted the flow appears to be a trickle,” said Simon Perham, head investor outreach Europe, at Carbon Tracker, who moderated the first panel of the day at Sustainable Finance Live 2023.

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Sustainable Finance Live 2023: Bring everyone to the party for decarbonisation

Leading the SustainableFinance.Live's 2023 keynote session, Roxana Slavcheva, global lead for the built environment, World Resources Institute (WRI), dove right in to her session titled the ‘Role of AI in Decarbonising the Built Environment: An Urban Policy Perspective.’

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The rise of the theme-based super app

Elon Musk's ambition to turn X into a WeChat-like everything app is doomed, predicts the man building his own "theme-based" super app, called Super.com.

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Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom

Historically, it could be argued that financial institutions were beholden to pick between AWS, Google Cloud and Microsoft Azure for all workloads due to availability, but with other smaller cloud providers offering private cloud fabrics, financial organisations are considering hybrid or multicloud options. However, Ofcom has an alternative view.

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Sustainable Finance Live sneak peek: Finastra’s Chirine Ben Zaied

As Sustainable Finance Live 2023 approaches on 10 October at Events@No6 London, Finextra spoke to a few speakers to provide attendees with an insight into what’s to come. This week we spoke with Chirine Ben Zaied, head of innovation at Finastra who will be mentoring the hackathon participants, which is taking place ahead of and during the conference.

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UOB trials Microsoft 365 Copilot generative AI tool

Singapore-based bank UOB is set to trial Microsoft 365 Copilot, a generative AI-powered productivity tool, with several hundred employees.