Latest news headlines: Finextra Research

NextGen: AI: Finding the right strategies to overcome AI limitations

The first afternoon panel discussed three of the major discussion points when it comes to AI: data, culture, and skills.

1 hour

/ai

NextGen: AI: 2025 will be the year of AI deployment

At Finextra’s first NextGen: AI event, Roberto Napolitano, chief marketing officer at Innovate Finance, moderated the panel session: ‘How do we deploy?’ in conversation with speakers Sandra Blaga, strategy and innovation manager of AI delivery at NatWest, and Prashant Jajodia, managing partner and financial services sector lead at IBM.

1 hour

/startups

Citi invests in mortgage infrastructure platform Pylon

Citi has invested in programmatic mortgage infrastructure provider Pylon. Financial terms were not disclosed.

2 hours

/ai

NextGen: AI: How the intelligence revolution is driving what AI can do for banking

At NextGen: AI 2024 taking place for the first time in London, Dr Joe Lyske, co-founder and managing partner of Time Machine Capital², presented the keynote, ‘What can we do with AI?’

3 hours

/regulation

FCA fines Macquarie Bank for fictitious trades

The FCA has fined the London branch of Macquarie Bank £13 million for "serious failings" that allowed one of its employees to record over 400 fictitious trades.

3 hours

/ai

NextGen:AI: Legislation should facilitate UK AI development - Lord Holmes

Kicking off Finextra’s inaugural NextGen AI conference at Convene Sancroft in London, was Lord Chris Holmes of the UK House of Lords in his headline keynote titled: ‘AI in 2024: At the Edge’.

4 hours

/regulation

MPs launch excoriating attack on the FCA

An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as 'incompetent at best, dishonest at worst', in a hard-hitting report that calls for wholesale reforms at the financial watchdog.

7 hours

/ai

Italy's Banca Investis launches 'digital junior banker' with GenAI

Italy's Banca Investis has launched an app that provides banking customers with real-time investment advisory backed by generative AI.

8 hours

/crypto

Crypto ownership continues to rise in the UK

More than one in ten Brits now own cryptocurrency, according to research from the Financial Conduct Authority.

17 hours

/payments

HSBC UK enters POS financing market

HSBC is entering the UK buy now, pay later market through the launch of Flexipay, a point-of-sale finance product.

17 hours

/payments

Klarna to hire 100 engineers for new tech hub in Poland

Klarna has opened a new technology hub in Warsaw, reflecting the city’s growing reputation as a centre of technology innovation.

17 hours

/ai

BBVA creates GPT Store to house employee-generated AI tools

Just five months after BBVA distributed 3,000 ChatGPT Enterprise licenses among its employees, 83 percent have incorporated it into their work routine and have created nearly 3,000 adaptations of the tool for specific tasks, ranging from financial data analysis to help to solve legal questions from clients in less than 24 hours or provide customer insights.

25 November 2024