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Latest Results from /ai

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Emirates NBD's Deniz Ventures, Rasmal Ventures provide Mena securitisation innovation $7.6m boost

The world's first AI-powered securitisation platform, TeamSec, aims to transform the structured finance industry through a securitisation-as-a-service platform.

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UK fintech jobs market booms

The UK fintech sector experienced a 44% surge in job vacancies in 2024, driven by venture capital investment and AI, according to a report for recruiter Morgan McKinley.

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Lloyds appoints head of responsible AI

Llloyds Banking Group has reacted to the growing pressure on banks to build safeguards around their deployment of artifical intelligence tools by appointing Magdalena Lis as head of 'responsible' AI.

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UBS underpins AI development with data transformation initiative

UBS undertook a massive data transformation effort to support the creation of two domain-specific AI assistants, collectively known as UBS Red.

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AI chatbot developer Zaion raises €11 million

Zaion, a French provider of conversational AI for banking chatbots, has secured an €11 million fundraising round led by 115K, La Banque Postale's venture capital fund.

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Euroclear signs seven-year deal with Microsoft

Euroclear has entered into a seven-year deal with Microsoft, harnessing a full suite of technology encompassing cloud, data and AI.

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Spend management platform Yokoy acquired by TravelPerk

Business travel platform TravelPerk has raised $200 million and acquired Swiss AI-powered spend management outfit Yokoy.

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NatWest invests in AI startup dedicated to tackling financial vulnerability

NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability.

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Active human oversight remains key as banks begin roll out GenAI

Financial services firms are putting an emphasis on active human oversight for model training, interpretation and sensitive decision-making as they begin the roll out of generative AI across their businesses, according to a report from UK Finance.

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Fintech startup Wyzr wins £400,000 from NatWest's Dragons Den

Wyzr, a fintech startup developing an AI CFO product for small businesses, has raised £400,000 from a Dragon's Den-style pitch event held by NatWest.

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Algo trading firm XTX to build €1bn data centre hub in Finland

Algo trading form XTX Markets is investing €1 billion in a large-scale data centre complex in Finland to support its growing use of machine learning.

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Goldman Sachs wants to create AI that thinks and acts like a seasoned banker

Goldman Sachs is rolling out a Generative AI assistant to its staff in the first stage of a programme that aims to create a bot capable of thinking and acting like a veteran employee.