Latest Artificial Intelligence News: Finextra Research

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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Lucinity unveils generative AI-powered financial crime compliance copilot

Lucinity has launched a generative AI-powered 'copilot' designed to boost the productivity of financial crime compliance teams.

07 June 2023

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Digital bank One Zero to debut generative AI chatbot

Israeli digital bank One Zero is to introduce a generative AI chatbot capable of providing immediate replies to free-flowing customer queries.

06 June 2023

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Italy's Sella launches AI incubation programme

Italian banking group Sella has launched an international incubation programme dedicated to startups focused on AI in finance.

06 June 2023

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OpenAI receives warning from Japanese privacy watchdog

The Japanese privacy watchdog, Personal Information Protection Commission, has sent a warning to OpenAI over the collection of sensitive data without individual’s permission.

02 June 2023

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EBAday 2023: EU and UK as global leaders in AI regulation

Earlier this week, the European Union and the United States announced they expect to draft a voluntary code of conduct on artificial intelligence in the coming weeks, with the hope that other democratic nations would sign on to the code.

02 June 2023

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