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RBC rolls out spending forecasting tool

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RBC rolls out spending forecasting tool

Royal Bank of Canada has added a forecasting feature to its artificial intelligence-powered budgeting tool, Nomi.

Wiserfunding scores investment; wins Revolut contract

/ai

Wiserfunding scores investment; wins Revolut contract

Wiserfunding, a London-based provider of credit risk assessment for SME lenders, has secured a £3 million investment from BGF and signed up Revolut as a client.

BMO uses AI for capital markets structured note pricing

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BMO uses AI for capital markets structured note pricing

Bank of Montreal is working with Toronto-based startup Riskfuel Analytics to develop AI-based models for pricing and scenario analysis of structured derivatives transactions.

Nedbank picks Kasisto for AI chatbot

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Nedbank picks Kasisto for AI chatbot

South Africa's Nedbank has deployed Kasisto's KAI conversational AI technology for its new intelligent digital assistant, Enbi.

UBS invests in 'Knowledge-as-a-Service' platform Lynk

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UBS invests in 'Knowledge-as-a-Service' platform Lynk

UBS has invested in Lynk, an AI-driven 'Knowledge-as-a-Service' platform that the bank works with to help its institutional clients in their investment research.

JP Morgan leads $50m funding round for investment analytics player Aumni

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JP Morgan leads $50m funding round for investment analytics player Aumni

Aumni, an investment analytics platform that provides the data infrastructure for private capital markets, has closed a $50 million Series B funding round led by JP Morgan.

Machine learning startup Taktile raises $4.7m

/ai

Machine learning startup Taktile raises $4.7m

Taktile, a German technology platform used by financial services companies to deploy machine learning applications, has raised $4.7 million in seed financing led by Index Ventures.

Bank of America granted record number of patents

/ai

Bank of America granted record number of patents

Bank of America is boasting a record 227 US patents granted in the first half of the year, with AI and machine learning the area seeing the most action.

Pngme raises $15m for financial data infrastructure platform

/ai

Pngme raises $15m for financial data infrastructure platform

Pngme, a San Francisco-based firm that builds data infrastructure and out-of-the box machine learning capabilities for financial institutions and fintechs across sub-Saharan Africa, has raised $15 million in a Series A funding round led by Octopus Ventures.

Abrdn to acquire digital wealth management app from Nucoro

/ai

Abrdn to acquire digital wealth management app from Nucoro

Investment manager Abrdn is to acquire the digital wealth management arm of fintech Nucoro for an undisclosed sum.

Conversational AI firm Kasisto raises $15.5m

/ai

Conversational AI firm Kasisto raises $15.5m

Conversational AI chatbot developer Kasisto has closed a $15.5 million Series C funding round co-led by new investors Naples Technology Vendors and NCR Corporation.

SEC shuts down mother-son 'supercomputer' operation

/ai

SEC shuts down mother-son 'supercomputer' operation

The Securities and Exchange Commission has shut down a mother and son operation that raised more than $12 million from retailer investors by promising to use an AI "supercomputer" to invest the funds in securities trading and cryptocurrencies.

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