Latest Artificial Intelligence News: Finextra Research

IBM acquires Canadian payments outfit Expertus

IBM has acquired Canadian fintech Expertus as part of a strategy to extend its hybrid cloud offerings deeper into the AI and payments space.

16 December 2020

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Fraud buster NetGuardians raises €15.8 million

Swiss cyber-fraud protection company NetGuardians has raised €15.8 million from private banking client Pictet Group and investment firm ACE & Company.

15 December 2020

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Cleo raises $44m for money management bot

After closing a $44 million funding round, British AI-based personal finance chatbot Cleo is turning the tables on its users and asking them how it should spend its money.

11 December 2020

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An AI proposition is now 'table stakes' for fintech startups

An offering that harnesses AI is now the minimum expectation of a fintech startup, according to Ben Davey, chief executive officer of Barclays Ventures.

11 December 2020

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UK govt programme looks to connect global banks with British fintechs

The UK government has launched a global partnerships programme designed to help international financial institutions access British fintech.

10 December 2020

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HSBC appoints Steven Van Wyk Group CIO

HSBC has named industry veteran Steven Van Wyk group chief information officer, leading the banking giant's global technology organisation.

07 December 2020

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Microsoft’s Satya Nadella on how to build partnerships ‘beyond two ships passing in the night’

Months after striking a deal with Microsoft to become a ‘cloud-first’ bank and migrate all core applications to the cloud by 2025, Bill Winters, group chief executive of Standard Chartered joins Satya Nadella, CEO of Microsoft at Singapore Fintech Festival 2020 to discuss resilience, the future of digital transformation and why a good partnership is central to achieving this.

07 December 2020

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UOB boosts AML efforts with AI

UOB is hailing the accuracy of its new AI anti-money laundering technology in helping the Singaporean bank cut through large volumes of transactions to pinpoint suspicious activities.

07 December 2020

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Sber unveils cloud-based AI model training platform

Sber has developed a cloud platform for AI model training that the Russia bank says will help data scientists push ahead with their experiments.

04 December 2020

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CCAF, World Bank, World Economic Forum study into Covid-19 impact on fintech: A sneak peek

In anticipation of the official launch, the Cambridge Centre for Alternative Finance (CCAF) invited industry participants to join an examination into the results of the Global Covid-19 Fintech Market Rapid Assessment Study, compiled in partnership with the World Bank and World Economic Forum.

01 December 2020

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EBAday 2020: Batch processing gives way to the instant payments revolution

At EBAday 2019 in Stockholm, Deutsche Bank’s Koral Araskin highlighted that if instant payments is the new normal, banks will heavily depend on cash buffers to cover all payment flows - even those which come outside of normal working hours. "Is this really meaningfully achievable?" he pondered last year. The events of 2020 and the impact of Covid-19 have truly shown that it must be achievable.

24 November 2020

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Swift Community Update: Combatting the cyber threat

Whether you work at a bank or at the treasury desk of a large corporate, most of us are working remotely and becoming increasingly dependent on digital processes. This dependence can increase vulnerabilities to cyber attacks.

20 November 2020

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