Artificial intelligence

4006 articles tagged with this keyword

/ai

CUBE acquires Kodex AI

CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces the acquisition of Kodex AI, a Berlin-headquartered technology business pioneering the use of agentic AI to transform compliance and risk management across the global financial industry.

/ai

Vanquis launches digital benefits checker

Vanquis today announced the launch of the Vanquis Benefits Checker, a new digital tool designed to help customers quickly and easily identify benefits and social tariffs they may be entitled to, ensuring fewer households miss out on vital financial support.

/retail

Klarna to launch digital wallet and debit card in UK

BNPL provider Klarna has fired the first shots in its assault on UK bank's retail business with the launch of a debit card and a digital wallet.

/ai

SBS talks changing face of banking, warns regulation and financial inclusion not optional

Day two of the SBS Summit 2025 continued to prioritise customer experience, but this time with a specific focus on data usage and inclusive efforts to serve the unbanked.

/startups

Wealthtech Clove emerges from stealth with $14m in funding

Clove, a UK wealth management startup co-founded by the former boss of fintech unicorn Paddle, has emerged from stealth with $14 million in pre-seed funding.

/ai

AI Without Governance Is Just Guesswork: Rethinking Reconciliation in Real Time

At Sibos 2025 in Frankfurt, Tom Warsop, CEO of ACI Worldwide, reflected on the urgency driving payments modernisation, especially among traditional financial institutions. He highlighted the growing interest in stablecoins and tokenised deposits, noting their potential to enhance cross-border transactions without undermining existing systems. Warsop emphasised the importance of education to overcome fear and unlock innovation, urging institutions to embrace new payment types and lean into their trusted market positions

/ai

BoE to prioritise AI, DLT and quantum computing in tech strategy

The Bank of England (BoE) intends to prioritise AI, DLT, and quantum computing as the three "cross-cutting technologies" with the most potential for "transformative outcomes".

/ai

Allianz UK appoints first head of AI

German insurer Allianz has named Mansoor Reehana as its first ever head of AI.

/regulation

IRSG launches global regulatory dashboard

To understand the impact of increasing global regulatory fragmentation, the International Regulatory Strategy Group (IRSG)* has developed a ‘Global Regulatory Coherence Dashboard’ to map the extent of global alignment or divergence in financial regulations across key policy areas affecting UK-based financial and related professional services.

/ai

SBS shakes off legacy label, positions itself at the forefront of fintech

Opening their 5th SBS Summit, delivered from a venue close to the Eiffel Tower in Paris, Eric Bierry, CEO, SBS and deputy CEO, 74Software set the tone for a day of future-forward discussions, seeking to leave behind a former perception of being a dated legacy player.

/ai

Vertice AI ships copilot for community FIs

Vertice AI, the leading provider of AI-powered growth solutions for community financial institutions, today announced the availability of Vertice AGENT, an interactive copilot designed to help credit unions and community banks drive more efficient, effective growth.

/security

Plaid updates ML-powered fraud model

Five months ago, we launched the Trust Index (Ti1)—Plaid Protect’s machine learning-powered fraud score. Built on the strength of Plaid’s bank data network, it gave fraud teams a new kind of signal, one based on data that fraudsters can’t fake.

/ai

Glia unveils next-gen voice AI

Glia, the leader in AI interactions for banking, today announced its next-generation Voice AI at the company’s annual industry event, Interact 2025.

/ai

Visa launches Trusted Agent Protocol for AI commerce

Visa has become the latest firm to introduce a protocol designed to act as a foundational framework needed to enable AI agents to transact payments on behalf of users and merchants.

/ai

Basis Theory raises $33m for agentic commerce

Basis Theory, a leading payments infrastructure company offering the industry’s first programmable payment vault, is announcing a $33 million Series B round led by Costanoa, with participation from Stage 2 Capital, Moneta VC, and continued support from Bessemer Venture Partners, Kindred Ventures, Box Group, and Offline Ventures.

/payments

Agentic AI, Stablecoins and Rapid Tokenisation: How Corporate Commerce is Changing

Sharing her insights with FinextraTV whilst at Sibos in Frankfurt, Raj Seshadri, Chief Commercial Payments Officer, Mastercard, helped to paint a picture of an evolving commerce world in the face of rapidly progressing technologies and tools. Mentioning the undeniable influence of Agentic AI on corporate purchasing and T&E, Seshadri also describes how stablecoins, in conjunction with a strong network, provide yet another currency which inevitably provides more options to smaller businesses, enabling a more open market. She equally expresses a positivity towards multi-token networks driven by increased tokenisation that are inspiring more interoperability, bridging the gap between off-chain and on-chain payments.

/regulation

Revolut faces further UK license delays; acquires AI travel agent

Revolut is reportedly facing further delays in securing a full UK banking licence because of regulators' concerns over the fintech's risk controls relating to cross-border payment. Separately, the firm has acquired an AI travel agent incubated at an innovation hub run by airline Lufthansa.

/payments

From Nostro to Now: Reinventing B2B Payments with Real-Time Orchestration

At Sibos 2025 in Frankfurt, Pratik Khowala, Global Head of Transfer Solutions, Mastercard, outlined how banks can better serve micro, small, and medium enterprises (MSMEs) in an increasingly globalised payments landscape. He emphasised the need for low-value, low-touch, intuitive platforms, offering multicurrency virtual accounts, competitive FX rates, and embedded digital experiences via simple APIs. Khowala also addressed modernisation in high-value B2B flows, highlighting how orchestration layers atop correspondent banking networks can help reduce errors, liquidity costs, and enable 24/7 real-time transactions. He stressed that trust, collaboration, and innovation, through partnerships and technologies like AI and stablecoins, are foundational to unlocking the full potential of cross-border B2B payments.

/startups

UK venture funding reaches multi-year high

Startups and scaleups based in the UK secured more than $9bn in venture capital funding in Q3, making it the second-highest quarterly funding total on record.

/payments

Pair Finance opens Italian office

Pair Finance, Europe’s leading digital debt collection platform, has announced its expansion into Italy.