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Latest Results from /ai

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NatWest taps AWS for data-driven services

NatWest Group is working with Amazon Web Services to bring together data from across its business in order to better anticipate the needs of customers.

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Squirro signs European Central Bank; sets sights on US with open.exchange acquisition

Follwing landmark deals with the Bank of England and German Bundesbank, Squirro has unveiled the European Central Bank as the latest client for its augmented intelligence toolkit.

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TSB overhauls onboarding with Onfido’s biometric facial recognition

TSB has shaved 20 minutes off its onboarding journey to allow accounts to be opened in just 10 minutes. Further, mobile functionality has been updated so only eight scrolls are needed to sign up on a mobile device, compared to 60 scrolls on the website.

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US Bank picks Microsoft Azure for cloud migration

US Bank says it is making a "substantial" investment in modernising its technology foundation by choosing Microsoft Azure as its primary cloud provider for its applications.

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ING Labs spinout raises $16m for AI-powered search engine software

ING Labs spin-out startup SeMI Technologies has raised $16 million for its open-source Weaviate vector-search database.

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VTB trials voice assistant that can predict client demands

Russia's VTB is anticipating a 30% uplift in call centre automation following the introduction of a voice assistant that can anticipate client demands.

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UK regulators publish AI report

The Bank of England and Financial Conduct Authority have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.

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Sardine raises $19.5m to help fintechs fight fraud

Sardine, a behaviour-based fraud and compliance platform for fintechs developed by Coinbase, Revolut and PayPal veterans, has raised $19.5 million in a Series A funding round.

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Banco Sabadell invests in climate tech startup

Banco Sabadell's BSTartup Green programme has joined a $1.1 million funding round for climate tech startup Wegaw.

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Singapore builds software toolkit to help FIs use AI responsibly

The Monetary Authority of Singapore and a host of industry players have released an open-source toolkit to help financial institutions use artificial intelligence ethically and responsibly.

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Humans trump AI at making money in financial markets - study

Humans still have the edge over artificial intelligence when it comes to making money in the financial markets, according to a new paper which raises questions about previous research into the topic.

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Shawbrook taps AI to make loan pricing decisions faster

UK specialist lender Shawbrook Bank says it is generating personal loan rates five times quicker since rolling out an in-house built AI-enabled pricing environment.