Artificial intelligence

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/Artificial intelligence

Belgian digital bank Aion launches

A subscription-only digital bank promising to use AI to help customers maximise their money, has launched in Belgium.

/Artificial intelligence

Pope weighs in on AI ethics debate

The Pontiff is the latest public figure to offer an opinion on the ethics of using artificial intelligence (AI), issuing a set of principles on the use of new technology.

/Artificial intelligence

Finastra welcomes more apps to FusionStore marketplace

Finastra today announced the launch of four new retail banking apps on FusionStore, the firm’s app marketplace. Built during Finastra’s first appathon in North America, at the tail end of last year, the apps – which provide innovative saving, spending control and personal finance management services – use open APIs, accessible via the FusionFabric.cloud development platform.

/ai

SimCorp takes stake in machine learning startup Alkymi

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announces a partnership with New York based start-up, Alkymi, to launch a new Machine Learning (ML) initiative.

/cloud

Spotlight on Stream Processing and Machine Learning

David Brimley, Financial Services Industry Consultant, Hazelcast, speaks to FinextraTV about what financial services firms are doing with machine learning and what firms should consider as they progress through their machine learning journey. He explains how streaming data fits in financial services, how firms can ease into streaming without going through a complete re-architecture of their systems and how financial services technologists need to keep an eye on developments in In-memory computing, Cloud and Containerization.

/retail

Top trends for Merchants: Platforms, Scale, Regulation and cheap Technology.

Ron Kalifa, Chairman, Network International, opened Day 1 at the Merchant Payments Ecosystem in Berlin speaking amongst a panel of industry leaders on trends that are arising and setting the tone for the Year 2020. He shares with Hannah Wallace from FinextraTV what it takes to successfully lead a company in such an ambiguous market, how payments companies need to anticipate changes in platform technology, the challenges aground scalability and the hurdles regulation will bring.

/regulation

The Benefits of Fintech, Regtech and the Role of Compliance in 2020

Susannah Hammond, Senior Regulatory Intelligence Expert, Thomson Reuters Regulatory Intelligence, speaks off the back of the Fintech, Regtech and the Role of Compliance Report 2020, about the benefits fintech and regtech offer, their operational efficiencies and effectiveness, the improved services for customers and greater business opportunities they provide. Susannah also sheds light on why some firms haven't deployed fintech or regtech, what's stopping them and how the concern about lack of skills is being addressed.

/ai

Microsoft and SBI Foundation collaborate on training for staff with disabilities

Microsoft India today announced a collaboration with SBI Foundation to create opportunities for youth living with disabilities in the Banking, Financial Services and Insurance (BFSI) sector.

/ai

Softbank to invest $100m in AI start-up Behavox

Softbank's second Vision Fund is on the verge of investing $100m in Behavox, a UK startup which uses AI to monitor employees' behaviour at financial services companies.

/sustainable

The art of Wardley Mapping Sustainable business goals

Mapping Sustainable business goals to a technology strategy is as much art as it is computer science. Matthew Adams Founder at Endjin the brains behind the Ocean Mind story, sat down with Richard Peers to discuss how they help organisations do just that using Wardley Mapping. The two then dive into the detail of the role of data which is so crucial to Sustainable Finance.

/ai

EU sets out plans for Big Data and AI

The European Commission is to invest EUR2 billion in the creation of an EU cloud alliance as part of an overarching strategy to leverage the region’s strong industrial data sets and boost development of AI technologies.

/sustainable

Sound advice on Sustainable Investing

William Armitage, Head of Business Development at Route2, sat down with Richard Peers to discuss Route2’s role advising both corporates and investors. If Sustainable Investing is about understanding the data that informs the value of the underlying asset, then Route2’s 'Total Capital Accounting' approach for evaluating and understanding societal impact and its connection to value creation and value erosion, has to be an approach worth greater consideration. Will talks through one of Route2’s corporate case studies The Crown Estate, and offers fascinating insight into how the many sources of data they consume are advancing their Investor Analytics solution.

/sustainable

Tipping point to a low carbon world via Sustainable Finance

Nicole Anderson, Founder, Managing Partner of The Redsand Group speaks with Richard Peers about the new fund she is launching, expanding on the green and impact FinTech use cases and ventures she has built over the last 8 years. Nicole expands upon how we are on the tipping point of the most significant innovation imperative facing financial services in its own transition to be the enabler of a low carbon world via Sustainable Finance.

/Artificial intelligence

Bank of Singapore names Le Cotonnec chief data and innovation officer

Bank of Singapore has appointed Celine Le Cotonnec to the newly created position of chief data and innovation officer.

/Artificial intelligence

Madhvi Sonia Head of Content at Finextra

The tipping point of AI FOMO

/ai

MEPs push for new consumer protection rules on AI interactions

Parliament calls for a strong set of rights to protect consumers in the context of artificial intelligence and automated decision-making, in a resolution approved on Wednesday.

/ai

Square acquires Toronto-based machine learning company Dessa

We’ve acquired Dessa, a Toronto-based company building machine learning applications that address significant real-world challenges for all types of businesses.

/retail

In-memory computing platform Hazelcast raises $28.5m

Hazelcast, the leading in-memory computing platform that delivers radically fast application performance at scale, today announced the expansion of its Series D round due to over-subscribed interest from global investment entities.

/crypto

Mode to deploy Onfido AI-verification kit

Mode, the UK’s new mobile banking app for everyday investors to buy, store and manage Bitcoin, and Onfido, the global identity verification provider, today announced their partnership, empowering Mode’s mobile application to seamlessly verify and connect UK and European citizens to a thriving Bitcoin market.