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Latest Results from /ai

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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.

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TD Bank to hire 2000 tech staff

Canada's TD Bank plans to hire 2000 tech staff over the course of the year as the battle for talent in the banking sector escalates.

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Mastercard to fund research into racial bias in credit decisioning

Mastercard is to commit $5 million to support the creation of a Center for Applied Data Science and Analytics (Cadsa) at Howard University, focused on addressing racial bias in AI-driven credit approval processes.

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Visa partners with Pagaya to to help issuers expand access to credit

Visa has formed a strategic relationship with AI fintech Pagaya to enable its merchant and issuing bank partners to expand access to credit.

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Personetics raises $85 million

Personetics, an Israel-based fintech that uses AI to help financial institutions boost customer personalisation and engagement, has raised $85m in growth funding from Thoma Bravo.

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City of London policy chair hails UK capital as a centre of green finance

This week, the FCA and the City of London Corporation held a demo day for its Sustainability Cohort initiative, which aims to further green the financial sector and catalyse the transition to net zero.

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JPMorgan Chase to spend $12bn on tech this year

JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.

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Tintra launches foundation to protect hunter-gatherers

Fintech firm Tintra has just unveiled a charity foundation to help protect the planet’s last remaining hunter-gatherer tribes. As a primary endowment, Tintra has committed $2 million to the charity.