Artificial intelligence

427 articles tagged with this keyword

/sustainable

How Multi-AI Systems Can Reduce Exposure to Nature-Related Risks

Joining Richard Peers, Founder, ResponsibleRisk, the winners of the Sustainable FInance.live hackathon, emerging class - NatureMind AI - made up of Hassan Sheikh, Alok Singh and Neetu Kushwaha - discuss their winning solution and how multi-AI systems can help infrastructure resilience. Sheikh began by outlining some of the challenges they noticed corporations and asset owners were facing in relation to extreme weather events, such as floods and heatwaves. Explaining how many traditional infrastructures are based on historical data and are not based on future scenario projections, causing infrastructural risk, they outlined the importance of better decision-making capabilities. They explained how many smaller organisations do not have the capacity or time to understand and investigate nature-based interventions and are defaulting to traditional infrastructure. As a solution to this, they say, a multi-AI system that draws together information from different sources on weather-related risks helps to reduce the capacity needs and with an implemented caching layer, can reduce latency and API costs.

/retail

Better Than Bots: Why Humans & Branches Still Define The Future of Banking

Joining FinextraTV, Joe Myers, Executive Vice President, Global Banking, Diebold Nixdorf asserted the belief that branch banking must stay and is, in fact, growing. Contextualising the rise in investment into new branches globally, Myers explained that people still need a human present when dealing with financial matters. Whether buying a car or getting a mortgage, Myers compares the digital and physical process to a roadway: you want to be able to get on and get off at your will. He says that when giving consumers the best experience possible, providing that choice to be digital when it suits them, and human when they need it, is essential. Myers equally references self-service channels and the use of digital innovations only when it provides automation of more mundane tasks - such as cash in, cash out and debit card applications - and, by result, gives human staff more time to provide valuable financial advice and support.

/ai

Spoilt for Choice: Which AI Is Right For Us?

While at SBS Summit 2025 in Paris, Christophe Sorré, CTO, Financial Services & Consumer Industry, IBM France help to demistify some of the key differences between the multiple forms of AI and how to know which is best for your organisation. Beginning by providing a history of AI from basic logic in the 80s, through to machine learning and todays current evolution of Generative and Agentic AI, Sorré separates each by saying that traditional AI and machine learning can do one task, Generative and Agentic can do multiple.

/ai

How To Improve Data Intelligence Amongst Data-Rich Organisations

In Paris, at the SBS Summit 2025, Sivakumar Chidambarathanu, CIO, Nationwide discussed the evolution of data and AI. Describing the continual transformation the IT industry goes through every 5-10 years, Chidambarathanu explained how many organisations are data-rich, but not data-intelligent and how a consolidated data stream is a strong starting point to improve these situations. Speaking to the growth in data officers across the industry, he outlines the newfound attention on data as a core principle.

/ai

Why Exception Handling Needs AI, Automation, and ISO 20022

At Sibos 2025 in Frankfurt, Kelly Wilson, Financial Services Industry Principal at Pega, explored how exception handling and compliance are evolving in the era of real-time, data-rich payments. She emphasised the strategic value of ISO 20022 and the role of automation and agentic AI in accelerating exception resolution through predictive analytics and intelligent workflows. Wilson noted that while large banks are leading the charge, driven by cross-border demands, smaller institutions are also modernising, often through partnerships. She highlighted the importance of cloud adoption and tools in overcoming legacy infrastructure challenges, predicting a future where modernisation becomes continuous and legacy systems gradually fade into the background.

/retail

Why Banks Are Being Forced to Relook at Their Cross-Border GTM

Speaking to FinextraTV from Sibos 2025 in Frankfurt, Arun Kini, Managing Director, Payments, Finastra speaks to the changes, trends and challenges within cross-border payments. Kini ties all the evolving changes, within regulation and with the growing number of outsourcing and partnerships to one common objective: speed. Within this, Kini predicts the continued rise of stablecoin integration to assist in this journey. He says that when looking at how to efficiently improve systems, banks are now looking at 3 key things: how to get to market in the cheapest way possible, how to manage liquidity better and how to look at payment systems that help automation and speed. In helping all these objectives, Kini justifies the investment in payment hubs as a solution.

/wholesale

180 Years of Bankers Almanac: How Data Has Evolved from Physical to Digital

Joining FinextraTV at Sibos in Frankfurt, Scott Manson, Senior Director, Product Management, LexisNexis Risk Solutions brought with him a copy of The Bankers Almanac and Directory from 1845 to demonstrate how far the industry has evolved. Providing some context to how this book would be used in 19th-century banking, Manson explains how data and information are still used in a similar manner, but its form and scale has evolved. Looking to the future, Manson equally provides his predictions on how AI will influence KYC and data.

/markets

Why T+1 Is Just the Beginning: Reimagining Post-Trade for a Real-Time Future

At Sibos 2025 in Frankfurt, Danny Green, Head of International Post-Trade Solutions, Broadridge, discussed the global shift toward shortened settlement cycles, with Europe targeting T+1 by October 2027 and Asia to follow. He emphasised that this transition is not just a regulatory requirement but a catalyst for operational and technological transformation. Green highlighted the role of AI in optimising inventory management and predicting settlement fails, helping firms adapt to faster, more complex post-trade environments. He stressed the importance of balancing innovation with resilience, ensuring secure, 24/7 operations while embracing automation and digitisation. Success, he noted, depends on choosing the right partners who share a commitment to both progress and stability.

/payments

How AI and Digital Currencies Are Reshaping the Payments Infrastructure

At Sibos 2025 in Frankfurt, Ramon Villarreal, Head of Payments, Global Payments Industry Lead at Red Hat, discussed the evolving balance between innovation and reliability in the payments industry. He noted that while innovation has accelerated in recent years, trust and operational resilience, reinforced by regulations like DORA, are once again top priorities. Villarreal emphasised the growing need to simplify payment complexity, especially as banks prepare to integrate stablecoins and CBDCs. He predicted a surge in agentic AI use cases, including fraud prevention and intelligent routing, alongside the rise of interoperable faster payment networks. With digital currencies and AI reshaping the landscape, Villarreal called for efficient, scalable systems to meet the demands of a rapidly transforming market.

/ai

Adopting New Technologies: Why Resilience and Reliability Matter Most of All

Speaking to FinextraTV at SBS Summit 2025 in Paris, Ragnhildur Geirsdóttir, CEO, Reiknistofa Bankanna (RB) explained how, regardless of the human aspect within technology adoption, the most important guarantee is resiliency and reliability. While it is important to still retain human touchpoints within technical processes and AI integration, she says development should be focused on the security and agility of systems in the face of unpredictable situations such as geopolitical frictions. As part of this focus, Geirsdóttir said it is more important to collaborate against rising external risks, such as intelligent fraud.

/ai

'The New Industrial Revolution': The Race Towards Explainabile & Relevant AI

At SBS Summit 2025 in Paris, Hani Hagras, Chief Science Officer and Global Head of AI, SBS discussed how AI is the new industrial revolution and spoke to how regulation, data and expectations will evolve alongside it. Explaining the key barriers to successful AI implementation, Hagras splits these into 3 parts: 1. Siloed data, 2. The need for Sovereign AI and 3. The need for AI explainability. Quoting statistics that outline AI’s impact on profitability, Hagras described how banks and institutions cannot afford to hesitate any longer and must accelerate further, with the knowledge that the future won’t be a competition of access and speed, but of trust, services, intelligence and relevance.

/crime

Combatting the Rise of Well-Funded Financial Crime

Joining the FinextraTV studio at Sibos in Frankfurt, Matt Michaud, Global Head of Financial Crime Compliance, and Nattu Srikrishnan, Senior Director, Global Screening Strategy, LexisNexis® Risk Solutions, address the proliferation of bad actors and AI misuse within financial crime. Helping to define some of the key risks from synthetic documents and document tampering, Srikrishnan explains how AI can be used to identify deepfakes or manipulation in order to combat bad actors within the financial ecosystem. In relation to innovations in screening, Michaud outlines why collaboration – with both customers and regulators – is key to meaningful innovation that addresses key priorities, reminding us, "if you have 47 priorities, you have none“.

/ai

From Ageing Systems to Automation: How CTOs Are Approaching Modernisation

Speaking to FinextraTV at SBS Summit 2025 in Paris, Andrew Steadman, Chief Product Officer, SBS discussed some of the key challenges facing financial institutions and the careful nuances of successful deployment of new technologies. Steadman professed that such conversations can’t be had without referencing ageing systems and legacies, and how these have caused fundamental blockers. According to Steadman, organisations are primarily concerned with how to adapt these systems and how to embed AI and automation into their processes in a safe and structured manner, without too much disruption. Crucially, whether building data quality or enlisting AI agents, he believes there is a need for a better unification of these technologies and processes, explaining how some organisations have built too many agents or tools and now struggle to define which provide real business value.

/sustainable

Geospatial Analytics and AI: Actionable Intelligence Into African Water Risks

A year on from their Established Category win at the SF.Live Hackathon, Rochelle Mountany, CEO, AfriGIS and Helen Hulett, Chief Sustainabilty Officer, AfriGIS discussed the use of geospatial insights and AI with Richard Peers, Founder, ResponsibleRisk. Mountany explained how challenges like the Hackathon allow companies to test their teams and products in an environment where there is no threat of failure. Speaking to the evolution of geospatial solutions, Hulett described how these have helped asses water risks within Africa, stating that one of the biggest risks in Africa is how the water has been governed and managed on the ground. Hulett further explained how the financial sector is keen to invest in this sector, but don't understand enough about the issues and risks involved.

/retail

Resilience, Trust & Data: Why Clients Are At The Heart of All Decisions

At SBS Summit in Paris, Raouf Mhenni, CCO, SBS spoke about how digitisation and modernisation have been topics in discussion for many years, but now that the tools are in place, it is time for efficiency and resilience to improve. Mhenni went on to say how software providers and banks should aim to be both trusted for money and for data, emphasising how AI is turning data into empathy. However, he cautioned that AI should not be implemented for the sake of AI; rather, all should have the client at the heart of any decision and be focused on real issues and whether AI is the right tool to solve those.

/ai

Innovating with AI: How to Improve and Extract Value From Federated Data

In Frankfurt at Sibos 2025, Akber Jaffer, CEO, Smartstream spoke to FinextraTV about on-going conversations around AI innovations and their strategic rebrand to be more data-centric. As part of this conversation, Jaffer described how many institutions have federated data that requires improvement, and a renewed focus on data hygiene in order to keep up with innovation needs. Jaffer creates a picture of an industry ready for progression and with the tools to succeed, but requiring dedicated focus on ensuring existing sources of value are relevant for a new modern era.

/regulation

Why Operational Resilience Starts with Smart Regulation and Smarter Technology

At Sibos 2025 in Frankfurt, James Hollands, CRO, Smartstream discussed the impact of evolving regulation, particularly DORA, on operational resilience and vendor accountability. He emphasised the need for firms to identify, prioritise, and resolve vulnerabilities while maintaining transparency across subcontractor relationships. Hollands also highlighted how rapid market shifts and emerging payment rails demand flexible, interoperable platforms. By leveraging machine learning for reconciliation and exception management, it enables firms to integrate their preferred large language models for AI-driven workflows. His advice: embrace AI responsibly, ensuring it’s embedded in a way that supports compliance, agility, and operational efficiency.

/payments

Innovation in Payments: Analytics, AI and PaaS

At Sibos 2025 in Frankfurt, Nadish Lad, Global Head of Product and Strategic Business, Volante Technologies spoke with FinextraTV about the changing face of payments, from AI to PaaS solutions. Detailing his three key use cases for AI in payments, across exception handling, smart routing and SLA management, Lad reiterates the fact that AI is not new and must now be viewed through the lens of what is the right use case for each business. Speaking to the evolution of PaaS, Lad explains the benefits of moving from a CapEx model to OpEx model, noting this change as more cost-effective and less cumbersome to manage.

/ai

"AI isn't a Magic Tool": Why Data Infrastructure Matters More Than Use Cases

Whilst at Sibos 2025 in Frankfurt, Charlie Platt, Managing Director, Banking, SAP FIoneer, described an AI environment that is looking at use-cases, but without enough consideration toward the data infrastructure that will support it. Platt reiterates the positives of use-cases and exploring the applications of AI, but warns that without a strong data foundation, AI cannot work in the way organisations will want it to. In his interview, he outlines how different forms of AI work in conjunction with other systems and advises organisations to view AI not as a magic tool, but as a technological system that requires quality input.

/regulation

How the Future of Finance Will Be Governed by Agentic AI and Trusted Data

Joining the FinextraTV studio in Frankfurt, Cyril Cymbler, Head of FSI - EMEA & Global Banking, Databricks explored the critical role of data governance in the age of agentic AI. With financial institutions facing increasing regulatory pressure, Cymbler emphasised that high-quality, well-governed data, along with metadata, machine learning models, and access controls, is essential for building trust and regulatory compliance. He described the shift from rule-based systems to sophisticated AI agents capable of managing other agents, enabling real-time decisions like credit scoring and fraud detection. Cymbler outlined three success factors for financial institutions: defining clear business value, anticipating risk, and streamlining processes. He concluded with three key recommendations: establish strong data governance, set structured AI goals, and ensure scalability of use cases—to unlock the full potential of agentic AI in financial services.