Artificial intelligence

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/retail

Alliant Credit Union partners Upstart on AI-powered personal loans

Alliant Credit Union, a fully digital, top 10 credit union in the U.S. with more than 650,000 members and over $15 billion in assets, today announced it has partnered with Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, to offer AI-powered personal loans nationwide.

/startups

Luminovo raises €11 million in seed round to innovate electronics industry

Luminovo, the AI-powered software suite helping electronics leaders bring vital innovations to market faster, cheaper and more sustainably – has raised €11 million in a seed round led by Chalfen Ventures with participation by Tencent, Verve Ventures and Khadjavi Capital Partners, as well as existing investors La Famiglia and Cherry Ventures.

/people

Singapore's finbots.ai expands leadership team

finbots.ai, Singapore-headquartered Business-to-Business-focused (B2B) FinTech offering an Artificial Intelligence (AI) credit modelling platform for banks and digital lenders, announced today the appointment of three new senior hires to lead its product management, business development and engineering teams.

Metaverse and decentralised identity flagged as emerging tech to watch - Gartner

/cloud

Metaverse and decentralised identity flagged as emerging tech to watch - Gartner

Research by Gartner identified 25 “must-know” emerging technologies across three key areas which it predicts will greatly impact business and society over the next two to ten years.

/wholesale

Deutsche Bank taps Traydstream to automate document checking for trade finance products

Deutsche Bank and Traydstream have been working together since July 2021 with a detailed pilot of the Traydstream automated trade document checking platform.

/retail

Glia launches virtual assistants

Glia, the leading provider of Digital Customer Service (DCS), today announced Glia Virtual Assistants (GVAs) to help companies improve resolution times and lower costs while providing seamless customer experiences that blend virtual and human guidance.

/retail

OneConnect launches digital banking suite, OneCosmo

OneConnect Financial Technology Co., Ltd (OneConnect, NYSE: OCFT, HKEX: 6638), the leading technology-as-a-service (TaaS) provider and an associate of Ping An Group, today announced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking solutions jointly developed with Brazil-based technology company Pismo, one of the fastest growing banking Software-as-a-Service (SaaS) firms.

/cloud

Data management and AI automation tools top investments for financial firms - survey

Investing in technology to better optimize data and modernize data management are the top priorities for financial services firms according to new research by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR).

UK to regulate stablecoins as part of Finance bill

/regulation

UK to regulate stablecoins as part of Finance bill

Fintechs and crypto asset providers have welcomed the UK government’s decision to bring stablecoins into regulatory scope as part of the recently published Financial Services and Markets Bill.

Banks choosing to build and not buy tech, suggests survey

/wholesale

Banks choosing to build and not buy tech, suggests survey

Corporates' demands for digital services are leading a majority of corporate banks to look in-house when building their technology stack, according to recently published research.

UK proposes new AI rulebook

/regulation

UK proposes new AI rulebook

The UK government has published its plans to regulate the use of artificial intelligence (AI) which would see it depart from the EU's strategy to establish a centralised body to oversee the use of technology.

FairPlay raises $10m to tackle bias in lending

/startups

FairPlay raises $10m to tackle bias in lending

FairPlay, a startup using AI fairness techniques to reduce algorithmic bias in lending, has raised $10 million in Series A funding.

/cloud

EXL, Oliver Wyman and Corridor Platforms launch real-time risk decisioning tech for FIs

EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions, Corridor Platforms, a leading decision workflow automation platform, and Oliver Wyman, a premier global management consultancy, today announced a joint venture to develop a risk decisioning-as-a-service solution for financial institutions.

/people

Tractable appoints chief science officer to head AI research

Tractable today announces the hire of a new Chief Science Officer, Mohan Mahadevan, to lead the company’s artificial intelligence (AI) development and research.

/crime

Lucinity secures $17 million to fight financial crime

Lucinity today announced the closing of a $17 million Series B investment round, led by Keen Venture Partners and joined by Experian and its major existing investors, Crowberry Capital, Karma Ventures, and byFounders.

/startups

WiseWorks AI raises $1.2m

WiseWorks AI, the communications intelligence platform, has secured a $1.2m investment to build a one-stop solution for financial institutions to analyse surging virtual communications for compliance and to automate everyday tasks.

/people

Ambarish Ojha named EVP of customer engagement for actyv.ai

actyv.ai, the AI-powered Enterprise SaaS start-up embedded with B2B BNPL, today announced executive leadership appointments to further boost the company’s growth strategy. Ambarish Ojha, a seasoned veteran from the Enterprise software and SaaS industry, has joined as EVP Customer Engagement.

Ant Group open sources privacy software

/devops

Ant Group open sources privacy software

Chinese fintech behemoth Ant Group has made its "privacy-preserving Computation Framework" open source.

/sustainable

Squirro and radicant bring AI to ESG decisions with new partnership

radicant, the first sustainable, digital and collaborative internet-based financial services company which is aligned with the UN's 17 Sustainable Development Goals, is working closely with Squirro. The integration of technology enables radicant to automate decision-making processes and improve customer understanding and service quality.

CBA boosts AI tech for scam protection

/security

CBA boosts AI tech for scam protection

The Commonwealth Bank of Australia (CBA) is boosting AI technology across its digital banking platforms in efforts to stamp out “disturbing” scams targeting their customers.

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