Artificial intelligence

3539 articles tagged with this keyword

/people

Microsoft banking lead Christofi joins PwC as partner

Lilia Christofi, formerly Microsoft’s head of banking in Emea, has joined PwC to lead the consulting firm's financial services data and AI team.

/ai

Axyon AI secures further €2,1 million for investment round totalling €6 million

Axyon AI, a pioneering Italian AI fintech company which improves asset manager performance by delivering alpha opportunities via AI-based rankings and AI model strategies, has successfully closed a further €2.1 million in funding.

/crime

Can Financial Institutions Keep Up with the $33 Billion Fraud Surge?

Reflecting on insights from last month’s Visa Payments Forum, Tareq Muhmood, SVP, Value Added Services, Europe, Visa, addresses the dramatic rise in global fraud—from $800 million in the early '90s to $33 billion in 2023. As financial institutions grapple with the increasing complexity of fraud in the digital age, the need for adopting advanced technologies like AI and real-time data analysis becomes clear. With a 50% boost in fraud detection through artificial intelligence, this interview underscores the urgency for banks and fintechs to evolve their security strategies. As fraud tactics continue to evolve, partnerships and continuous innovation are now critical for staying ahead of threats while maintaining seamless payment experiences.

/ai

Neonomics unveils PFM app Nello AI

A pioneer in open banking, Neonomics unveils an innovative new product suite launched as Nello, with the goal to bring open banking to the next level through AI-driven solutions and seamless payments.

/people

Ex-UBS boss Hamers joins AI wealth management startup Arta Finance

Former UBS chief executive Ralph Hamers has become an external senior advisor for Arta Finance, an AI-based digital wealth management startup founded by former Google executives.

/ai

Investment industry group publishes report on AI deployment strategies

The Technology Working Group – chaired by Michelle Scrimgeour and supported by the Investment Association – has today published its third and final report: Intelligent Investment: AI Deployment Strategies for UK Investment Management Firms.

/ai

Kyriba bosts AI-driven liquidity performance tech

Kyriba, a global leader in liquidity performance, announced today an AI-driven platform designed to enhance financial connectivity and operational agility for CFOs and their teams.

/cloud

iGTB launches eMACH.ai Cloud for Wholesale Banking

Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena Ltd, proudly announces the global launch of eMACH.ai Cloud for Wholesale Banking.

/Artificial intelligence

The Future of Embedded Finance in Africa 2025

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/ai

LendingClub and Pagaya buy Tally Technologies IP

LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. ("Tally").

/sustainable

Sustainable Finance Live: The role of data for Nature Capital

In the last panel of the day, moderated by Richard Peers, founder of ResponsibleRisk, the discussion centred around the role of data in nature intelligence and financial services.

/ai

Experian UK&I taps AI for commercial insurance underwriting

Experian UK&I today announces a new AI-powered data solution ‘Hazard Tags’ which will help transform underwriting processes in the commercial insurance sector.

/ai

NextGen: AI: AI adoption is thriving in the financial sector

According to Lloyds, two out of three financial institutions are already investing in AI. Discover why at Finextra’s inaugural NextGen: AI event this November.

/cloud

Oracle launches cloud services to help banks boost profitability and manage risk

Helping financial institutions boost profitability, grow revenue, and manage balance sheet risk, Oracle today announced Oracle Financial Services Profitability and Balance Sheet Management Cloud Services.

/sustainable

Can Every Product Be Climate Positive?

Richard Peers, founder of Responsible Risk, interviews Erik Stadigh, Co-Founder and CEO of Lune, winner of the EBAday 2024 FinTech Zone award, ahead of Sustainable Finance.Live 2024. They explore how corporate sustainability can be simplified by automating carbon emissions reporting through APIs and hosted solutions. With the goal of making every product and service climate-positive by integrating granular emissions calculations and carbon projects into bank and fintech offerings, we ask: can businesses truly decarbonise efficiently without relying on costly consultants or new tools? As greener decisions are made with minimal effort, the future may see every company becoming a climate company through seamless integration of climate data.

/crime

Ecommerce fraud to exceed $100bn by 2029

The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.

/ai

Thoughtworks collaborates with Singapore AI for GenAI research

Global technology consultancy Thoughtworks has collaborated with AI Singapore to develop generative AI (GenAI) and its adoption.

/startups

Irish fintech spending falls by 90% in H1

The first half of 2024 has seen a dramatic decline in spending within Ireland's fintech industry, reflecting cautious investor sentiment.

/payments

Generative AI's Impact and Opportunities in Banking

Join FinextraTV as Shanker Ramamurthy, Global Managing Partner Banking & Financial Markets at IBM Consulting, and John Duigenan, General Manager Global Financial Services at IBM, unveil new global financial services survey findings. Explore the current state of generative AI adoption, the challenges and opportunities it presents, and the most impactful use cases revolutionising the banking industry. Delve into discussions on Open Banking, industry standards such as DORA, and trustworthy AI, and discover how financial institutions are set to leverage generative AI in the coming year.

/ai

Bridgewise launches conversational AI investment tool

Bridgewise, the capital markets intelligence platform, announced today the launch of BRIDGETTM, its Conversational AI Investment Tool, designed specifically for the institutional investment sector, including brokers and trading platforms that fundamentally changes the way investors conduct research.