Latest Artificial Intelligence News: Finextra Research

Softbank to invest $100m in AI start-up Behavox

Softbank's second Vision Fund is on the verge of investing $100m in Behavox, a UK startup which uses AI to monitor employees' behaviour at financial services companies.

21 February 2020

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EU sets out plans for Big Data and AI

The European Commission is to invest EUR2 billion in the creation of an EU cloud alliance as part of an overarching strategy to leverage the region’s strong industrial data sets and boost development of AI technologies.

20 February 2020

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Bank of Singapore names Le Cotonnec chief data and innovation officer

Bank of Singapore has appointed Celine Le Cotonnec to the newly created position of chief data and innovation officer.

19 February 2020

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Citi Commercial Cards adds virtual agent to call centres

Citi Commercial Cards has teamed up with conversational AI firm Interactions to roll out an intelligent virtual agent (IVA) feature to its US call centres.

07 February 2020

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Fintech workforce to expand 19% by 2030 thanks to AI, Cambridge University predicts

In a recent report, the Cambridge Centre for Alternative Finance (CCAF) and the World Economic Forum (WEF) found that rather than observing AI as a single instrument for blanket application across the industry, AI can be viewed as a toolkit that is being used to tinker and build services in an abundance of ways to achieve a variety of objectives.

07 February 2020

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ECB runs AI coding marathon to get new insights into supervisory data

The European Central Bank (ECB) has teamed up with digital innovation outfit Reply to run a 48-hour coding marathon focused on the application of AI and machine learning.

06 February 2020

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Encompass receives £2 million grant for AI project

RegTech Encompass has been awarded a £2 million grant from Scottish Enterprise to develop an artificial intelligence engine to accompany its KYC product offering.

04 February 2020

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Accenture boosts analytics skills with Mudano acquisition

Accenture has agreed to buy Mudano, a data consultancy that works with UK financial services firms. Financial terms were not disclosed.

03 February 2020

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Corlytics finalising EUR10 million funding round

Dublin-based regulatory planning company Corlytics is expecting to book a EUR10 million cash injection by the end of the first quarter, after recording its most successful year on record.

03 February 2020

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UK finance industry faces urgent skills crisis

Urgent action is needed to tackle a skills and talent crisis in UK financial services, according to an independent review commissioned by HM Revenue which warns the industry is in for a bumpy ride in the face of the technological revolution and Brexit.

29 January 2020

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BNP Paribas lures innovative startups to new Sao Paulo hub

Teaming with Carrefour Brasil SA, Edenred and Ingenico Group, BNP Paribas plans to foster startup innovation out of the Sao Paulo-based hub, La Fabrique.

24 January 2020

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UOB invites students to design and run a branch

United Overseas Bank (UOB) has teamed up with Singapore Polytechnic (SP) to let students design their own branch concept.

24 January 2020

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