Artificial intelligence

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Almax puts AI to work on information overload in capital markets

Almax Analytics, a software platform delivering actionable insights, announced today they have emerged from stealth (development) with a customer ready product for the Financial Markets.

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Wealth management firms to embrace tech and see off fintech insurgents - report

Wealth management firms are falling short of client expectations when it comes to their use of technology, but established players in the field are likely to respond well to the digital revolution and will not be displaced by fintech insurgents, new research from Roubini ThoughtLab suggests.

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Canadian AI-powered online wealth management platform goes live

On Wednesday September 21st, Responsive Capital Management, an online wealth manager powered by artificial intelligence (AI) technology, will offer consumers access to technology typically only within reach of the wealthy.

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Yandex browser uses AI to secure online banking

Yandex, a leading mobile and internet search provider, has introduced a new, enhanced protection against data theft for Yandex Browser users.

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Habito unleashes Digital Mortgage Adviser

UK tech startup, habito, has launched the world’s first artificially intelligent Digital Mortgage Adviser (DMA) allowing millions of consumers to discuss their mortgage needs from any connected device, 24/7, without requiring a human broker.

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Italian digital bank Widiba expand use of virtual assistant tech from Artificial Solutions

Artificial Solutions, the natural language interaction (NLI) specialist that enables users to have a meaningful, humanlike interaction with technology, today announced that Italian online bank, Widiba, has expanded and upgraded its use of the Teneo platform to enable new intelligent features in its digital employee and benefit from faster development timescales.

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German bank bids to unleash innovation with tech-packed 'playroom'

German cooperative bank Volksbank eG Schwarzwald Baar Hegau has become the first client to install NCR's new 'innovation experience room', a space packed with the latest technology, such as virtual reality headsets and drones, that is designed to help build digital literacy among employees and customers.

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Rise of the bots: DBS to put virtual assistant in Facebook Messenger

Singapore's DBS is rolling out conversational AI technology that will allow customers to manage their money and make payments in Facebook Messenger and WhatsApp.

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Fintech founder calls Aussie banks hyprocrites over Apple Pay complaints

The founder of an Australian robo-advisor has accused the country's banks of hypocrisy over their cries of anti-competitive behaviour from Apple Pay

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DBS kicks off second accelerator round

Following the success of the inaugural DBS Accelerator in Hong Kong in 2015, DBS Bank (Hong Kong) today kicked off the second edition of the programme.

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Santander doubles down on fintech fund

Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.

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Hedge fund boss welcomes day when computers take over

The president of one of the world's largest hedge funds has told an audience of fund managers that he looks forward to the day when they will all be replaced by computers.

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Cybersecurity startup valued at $1bn

Cylance, a cybersecurity startup that uses algorithms and artificial intelligence, has been valued at $1bn following a round of fundraising that secured more than $100m in private equity investment.

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OutsideIQ and Alacra partner for AI-based due diligence reporting

Regulatory SaaS technology leader Opus announced today that Alacra, its KYC and reference data management platform, has signed a distribution partnership with OutsideIQ, the leader in risk-focused, artificial intelligence software.

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UK broker to launch trading on Facebook app

Retail investors may soon be able to buy and sell shares via Facebook's messenger platform after UK fund supermarket AJ Bell announced plans to launch a new trading service in the next three months.

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Finance execs back blockchain and AI potential - survey

Synechron, Inc., a global consulting and technology innovator in the financial services industry, today released the results of a survey conducted by the TABB Group for Synechron on the potential of blockchain and artificial intelligence (AI) in financial services.

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Japan's SBI Holdings looks to raise $275m for fintech fund

Japanese financial conglomerate SBI Holdings has set its stall out as a central player in the fintech ecosystem, promising to aggressively adopt new technology and build a network of startups through a $275 million venture fund.

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Deutsche Bank crowdstorms AI ideas

Deutsche Bank is "crowdstorming" ideas on how artificial intelligence can be used in the financial services industry, inviting people to submit their concepts for the chance to develop them at the German giant's innovation labs and win cash prizes.

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AI, algo-banking, blockchain, cryptocurrencies and robo-advice form growth of Australian fintech

Fintech is a disrupting force and a decentralising movement in the financial services sector.

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VirtusaPolaris and WorkFusion to deliver robotic automation

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, and WorkFusion, the leading smart process automation (SPA) provider, today announced a partnership to deliver new smart automation solutions for the banking and financial services (BFS) market.