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Latest Results from /ai

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Visa invests in card tech startup Deserve

Visa has followed Mastercard in investing in Deserve, a provider of bespoke white label mobile-centric API and SDK-based credit card technology.

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Wells Fargo preps virtual assistant

Wells Fargo has rebuilt its mobile app, complete with a new AI-powered virtual assistant called Fargo.

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Anti-fraud startup Resistant AI raises $16.6 million

Resistant AI, a SaaS-based AI and machine learning security company that protects automated financial systems from manipulation, fraud and financial crime, has secured $16.6M in Series A funding.

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Plum rakes in $14m of new funding

Money management app Plum has sealed $14m of an expected $24m series A funding round.

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Credit Kudos launches Open Banking credit score

Credit Kudos has launched Signal, an Open Banking and machine learning-based credit score that it says enables lenders to increase acceptance of previously declined customers and reduce defaults.

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Sibos 2021: Swift, Deutsche Bank, Société Générale and C3.AI to collaborate on AI platform

On day two of Sibos 2021, representatives from Swift, Deutsche Bank, Société Générale and C3.AI took to the virtual stage to explore how collaboration and establishing a community between banks can support the deployment of artificial intelligence (AI) at scale.

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Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector?

Opening Swift Innotribe’s red thread – Banking on Change – on day one of Sibos 2021, was theoretical physicist, futurist and science communicator, Dr Michio Kaku. Known best for his seminal work on string theory, Kaku analysed science’s contribution to wealth generation since the first industrial revolution, and made predictions as to how further technological innovation, particularly artificial intelligence (AI), will steer the financial services sector through the fourth and fifth industrial revolutions, this century.

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CommBank implements AI tool to root out abusive messages in transaction fields

Commonwealth Bank of Australia is implementing artificial intelligence technology and machine learning techniques to detect serial abusive behaviour in transaction descriptions within the CommBank App and Netbank.

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Over 100,000 banking jobs to disappear in next five years - Wells Fargo

Analysts at Wells Fargo predict that over 100,000 banking jobs could be displaced by technology over the next five years.

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Scotiabank taps Google Cloud for more personalised services

Scotiabank is moving customer data onto Google Cloud and tapping the firm's data analytics and AI technology in a move the Canadian bank hopes will lead to more personalised and predictive services.

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Wall Street giants invest in AI search engine for companies AlphaSense

AlphaSense, an AI-based market intelligence platform used by a host of financial institutions, has raised $180 million in a Series C funding round co-led by Goldman Sachs and joined by Citi, Morgan Stanley and Barclays.

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DBS hunts for top tech talent via hack2Hire programme

DBS is to recruit 150 of Singapore’s top technology talent to bolster its AI and blockchain capabilities via its hack2Hire programme.