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Latest Results from /ai

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Mastercard AI tool helps UK banks take on real-time payment scams

Mastercard is tapping into its AI capabilities to help a host of UK banks predict and prevent real-time payment scams.

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Mizuho to roll out generative AI to employees

Japanese bank Mizuho has made Microsoft’s OpenAI platform available to its 45,000 workers.

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Lloyds invests £2m in corporate banking platform Fennech

UK high street bank Lloyds has invested £2 million in AI-based corporate banking platform for financial institutions and corporates, Fennech.

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Survey shows consumer concern over AI-driven payments

The vast majority of consumers (86%) have reservations about the use of artificial intelligence (AI) in the payments process but seem much more welcoming of augmented reality (AR) and virtual reality (VR), suggests recently published research.

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Google Cloud launches AI-powered AML tech

Google Cloud has developed an AI-powered product designed to help global financial institutions more effectively and efficiently detect money laundering.

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JPMorgan Chase appoints Teresa Heitsenrether to lead AI efforts

JPMorgan Chase has named veteran executive Teresa Heitsenrether chief data and analytics officer.

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EBAday: Banks are seeking new approaches to level up sustainable strategies

In the panel ‘Sustainable finance: Assessing shades of green across payments and banking’, hosted by Finextra’s own Madhvi Mavadiya, speakers explored how the European banking landscape is adopting sustainable strategies.

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BNPP SS unveils virtual agent

BNP Paribas Securities Services has announced the launch of an AI-powered virtual assistant.

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EBAday 2023: iPiD announced as Fintech Zone winner!

During the past two days, 16 early stage, early growth fintech startups from across Europe and beyond pitched their proof of concepts or working products on the exhibition floor of EBAday 2023 in Madrid, Spain.

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EBAday: Banks exploring new strategies in AI, data, and cloud

The afternoon of the first day of EBAday kicked off with the panel ‘How new technologies are transforming banking’ in breakout room 2. Panelists Cal Corcoran, vice president and global head of banking at Microsoft, Simone Lofgen, managing director of payments platforms at Commerzbank, Andre Martins, head of banking innovation and open finance at NTT Data, and Simone Satan, global head of digital market management and treasury services at BNY Mellon discussed AI, cloud computing, and innovative automation technologies being used to transform the payments industry in a session moderated by Graeme Jeffrey, partner at Bain & Company.

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EBAday: Banking leadership needs just as much innovation as banking technology

For this year’s EBAday Challenge Speech, Claudia Olsson, CEO and founder, Stellar Capacity and Young Global Leader of the World Economic Forum, provided new perspectives in understanding technology’s impact on society, people and leadership.

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Majority of consumers trust generative AI for financial planning

The majority (53%) of consumers trust generative AI technology to be used for its financial planning, suggests recently published research.