Latest Artificial intelligence News: Finextra Research

Mastercard invests in no-code AI platform Signzy

Mastercard has joined a $5.4 million funding round for Bangalore-based no-code AI platform Signzy.

22 October 2020

Shield releases product to detect insider trading

Specialist RegTech provider Shield today announced it has launched an enhanced solution that combines its Insider Trading and Information Handling models -INSIDERS, which answers market demands for greater surveillance to accompany increased remote working in the new normal.

20 October 2020

News/cloud

Google Cloud releases AI-powered mortgage processing tool

Google Cloud has unveiled an AI-powered tool designed to speed up the notoriously slow mortgage application process.

20 October 2020

News/markets

RBC launches AI-guided electronic trading platform

RBC Capital Markets has launched an AI-powered electronic trading platform it claims will help improve results and insights for clients in a "measurable and explainable way".

16 October 2020

Company update/Artificial intelligence

Quantfolio raises NOK15 million in VC investment round

The Bergen based robotics Fintech Quantfolio as has raised over 15 million in fresh capital for international growth.

15 October 2020

News/regulation

UK regulators set up AI insights forum

UK regulators are staging the first meeting of the Artificial Intelligence Public Private Forum, a quarterly talking shop to gauge the impact of AI in financial services.

12 October 2020

News/markets

Deutsche Bank to provide early warning system for settlement fails

Deutsche Bank is to debut settlement service using technology from Elastic that will provide clients with an early warning of likely settlement delays for in-flight transactions.

09 October 2020

News/devops

Sibos 2020: Let 'promiscuous' digital workers do the dirty (data) work

On day 3 of Sibos 2020, the conversation broached the weighty topic of tech execution, drawing links between the fundamental role of data in the ability of technology to reach its potential across financial services.

08 October 2020

News/retail

Sibos 2020: Big Tech companies are not looking to get into financial services – Jesse McWaters

Jesse McWaters, Mastercard’s vice president of global digital public policy, believes the way people think about Big Tech companies entering financial services are mistaken.

08 October 2020

Company update/security

Fiserv debuts AI-based card fraud detector

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has introduced a first-of-its-kind intelligent fraud detection solution for card issuers of all sizes, designed to help minimize fraud losses while maximizing legitimate cardholder spend for a full range of card types.

07 October 2020

Company update/markets

Broadridge corporate bond trading platform picks 7 Chord as third-party pricing partner

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that it selected 7 Chord, an independent predictive pricing and analytics provider, as the source for intraday corporate bond prices on its new artificial intelligence (AI)-driven, digital corporate bond trading platform, LTX®.

06 October 2020

News/startups

Neobank Douugh lists on ASX

Neobank and smart money management app Douugh has begun trading on the Australian Stock Exchange (ASX) after raising $6 million in Series A funding.

06 October 2020

Company update/markets

Liquidnet launches investment analytics suite

Liquidnet, the technology-driven global institutional investment network, today announced the official launch of its third business, Investment Analytics (IA).

05 October 2020

Company update/cloud

IBM and Fenergo join forces to speed customer onboarding

IBM (NYSE: IBM) and Fenergo, a leading provider of client lifecycle management (CLM) solutions for financial institutions, today announced the general availability of IBM Customer Lifecycle Management (CLM) with Fenergo.

05 October 2020

Company update/Artificial intelligence

SmartStream unveils observational AI

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launches ‘Affinity’ in collaboration with Tier 1 banks - an Artificial Intelligence (AI) ‘observational learning’ solution to meet the technical demands and business agility for operational data management and data quality processes.

05 October 2020

News/retail

RBC launches ethical AI hub for Canadian firms

Royal Bank of Canada's artificial intelligence research unit has launched a programme to help promote "ethical AI".

05 October 2020

News/cloud

BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform

Accounting automation software provider BlackLine has acquired AI-powered accounts receivable outfit Rimilia for $150 million in cash.

05 October 2020

News/wealth

Pynk raises $2m for retail investor wallet

London-based wealth management startup Pynk has raised $2 million through crowdfunding ahead of the launch of its retail investor wallet.

02 October 2020

News/retail

Harvest launches index to build dynamic financial scores

US fintech startup Harvest is aiming to overturn the traditional credit scoring system, utilising AI and machine learning to provide a dynamic view of a person's financial wellness throughout the lifetime of a loan.

02 October 2020

News/wholesale

Client is king: How two US banks optimise tech execution

In anticipation of Sibos 2020, we zero-in on a key focus area that financial institutions across the payments landscape will be paying close attention to as technology becomes more complex, consumers more sophisticated, and margins ever-more slim. That is, getting the most out of technology investments by improving execution.

30 September 2020