Latest Artificial Intelligence News: Finextra Research

Credit Suisse leads $20 million round in financial data company Daloopa

Credit Suisse has led a $20 million Series A financing round in Daloopa, a provider of AI-powered data extraction services to hedge funds, investment banks, and other financial institutions.

19 July 2021

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Climate X raises $1.5m to tackle climate risk

Climate X, a startup that uses data and analytics to help businesses, government and individuals tackle the multi trillion-dollar climate risk problem, has raised $1.5 million in pre-seed funding.

16 July 2021

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CBA puts AI ethics at centre of Bill Sense

Commonwealth Bank of Australia has used an AI ethics framework being developed by the country's government to help design a service that tells customers when their bill payments are due.

13 July 2021

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CIBC inks Microsoft Azure deal

The Canadian Imperial Bank of Commerce (CIBC) has agreed a multi-year deal to use Microsoft Azure as its primary cloud platform.

12 July 2021

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Crown Agents Bank launches biometric pension solution

Crown Agents Bank has today launched a biometric authentication pension solution, EMpower Pensions, facilitating secure, end-to-end pensions management, as well as domestic and international pension payroll, from a single digital platform.

07 July 2021

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EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

EBAday 2021 has flown by, and the sessions throughout day three of the event served to build on the momentum from day one and two. Another punchy strategic roundtable addressed the need for industry-wide collaboration to drive payments innovation, while two boisterous chatrooms tackled the weighty subjects of Open Banking, CBDCs and stablecoins.

30 June 2021

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EBAday 2021: Modernisation, a catalyst for payments utopia

With day two now under our belt, we are only just beginning to digest the eyewatering number of insights shared across six panel sessions, two roundtables, a lively chatroom forum and of course, non-stop networking on the EBAday platform.

29 June 2021

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SEB introduces data ethics policy

Swedish bank SEB has adopted an ethics policy for handling customer data and the use of artifical intelligence.

29 June 2021

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Bank execs predict branch model will be dead within 5 years

With Covid-19 leading to an uptick in digital banking, nearly two thirds of industry executives from around the world think that the branch-based model will be dead within five years, according to an Economist Intelligence Unit survey.

29 June 2021

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EBAday 2021: Payments transformation and the road to success

Finextra Research and the Euro Banking Association today welcomed the global banking community to EBAday 2021. Running from 28-30 June, the virtual conference is being led by some of the most influential leaders and practitioners in the financial services sector, and dives into the current and future trends of the European and international payments landscape – as well as the latest developments across digital banking, liquidity management, open banking, real-time payments, and more.

28 June 2021

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Mastercard invests in card tech startup Deserve

Deserve, a provider of bespoke white label mobile-centric API and SDK-based credit card technology, has raised $50 million in a Series D funding round joint-led by Mastercard.

24 June 2021

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Hawk AI plots global expansion on $10 million fund raise

Germany's Hawk AI has raised $10 million in a Series A round led by BlackFin Capital Partners to finance global expansion for its AI-based AML platform.

23 June 2021

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