Latest Artificial intelligence News: Finextra Research

Company update/retail

Mastercard‘s Web3 music accelerator drops five new singles as NFTs

Mastercard’s Web3 music program, The Mastercard Artist Accelerator, culminates with a showcase later this month.

25 July 2023

Sam Altman's Worldcoin project launches

Worldcoin, Sam Altman's project to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned, has launched in several cities around the world.

24 July 2023

News/markets

Portrait Analytics raises $7m for launch of AI research platform

Portrait Analytics, the startup behind a generative AI research platform for investment analysts, has brought its total capital raised to $10 million with an investment led by Unusual Ventures.

20 July 2023

Research/Artificial intelligenceFuture of Report

The Future of Fintech in Africa 2023

20 July 2023 578 downloads

Company update/retail

Cognaize closes $18 million in Series A funding

Cognaize, the intelligent document processing (IDP) company powered by its proprietary hybrid intelligence technology, announced today that it has closed $18 million in Series A funding to accelerate research and product development, marketing, and sales capacity to meet the explosive global demand for the company’s AI solutions, which currently are focused on meeting the specific challenges of the global financial industry.

19 July 2023

Company update/security

Feedzai rolls out AI-based fraud-fighting tool Railgun

Today Feedzai, a leading provider of financial crime and risk management solutions, is introducing Railgun, its next-generation AI engine designed to target and intercept financial fraud before it can occur.

19 July 2023

Company update/startups

Paddle launches new programme to support AI founders

Paddle, the complete payments infrastructure provider for software companies, today announces AI Launchpad, a new 6-week programme run by Paddle aimed at empowering ambitious software founders to build, launch and scale their AI-powered business ideas.

18 July 2023

News/regulation

FCA chief warns banks of AI risks and Big Tech threat

FCA chief Nikhil Rathi has urged banks to up their spending to combat the rise in AI and the threat of 'deep fake' fraud.

12 July 2023

Company update/identity

Checkout.com debuts identity verification

Checkout.com, the global payments solution provider, today launches Identity Verification, its first product focused on improving the customer onboarding and identity verification process and expanding Checkout.com’s impact on customers’ digital experience.

11 July 2023

News/crime

Martin Lewis calls for regulation after featuring in deepfake AI scam

Consumer finance specialist Martin Lewis has spoken out after a deepfake scam video featuring his likeness was circulated on Facebook.

07 July 2023

News/crime

Mastercard AI tool helps UK banks take on real-time payment scams

Mastercard is tapping into its AI capabilities to help a host of UK banks predict and prevent real-time payment scams.

06 July 2023

Company update/markets

LSEG deploys Windward AI to track sanctions risks in global maritime industry

Artificial Intelligence (AI) is to play a pivotal role in tackling sanctions risks in global shipping following a partnership between LSEG (London Stock Exchange Group) and Windward AI announced today.

05 July 2023

Research/Artificial intelligenceWhite Paper

Can FIs lead the World's ESG charge with Pioneering and Transparent Data Visualisation?

30 June 2023 338 downloads

News/devops

Mizuho to roll out generative AI to employees

Japanese bank Mizuho has made Microsoft’s OpenAI platform available to its 45,000 workers.

28 June 2023

News/payments

Lloyds invests £2m in corporate banking platform Fennech

UK high street bank Lloyds has invested £2 million in AI-based corporate banking platform for financial institutions and corporates, Fennech.

27 June 2023

News/payments

Survey shows consumer concern over AI-driven payments

The vast majority of consumers (86%) have reservations about the use of artificial intelligence (AI) in the payments process but seem much more welcoming of augmented reality (AR) and virtual reality (VR), suggests recently published research.

27 June 2023

News/cloud

Google Cloud launches AI-powered AML tech

Google Cloud has developed an AI-powered product designed to help global financial institutions more effectively and efficiently detect money laundering.

26 June 2023

Company update/cloud

Jack Henry unveils real-time payments fraud feature

Jack Henry (Nasdaq: JKHY) announced today the launch of Payrailz® Fraud Monitor, a cloud-native, AI-based feature of the Payrailz Digital Payments Platform that provides real-time fraud detection when payment transactions are initiated.

22 June 2023

News/people

JPMorgan Chase appoints Teresa Heitsenrether to lead AI efforts

JPMorgan Chase has named veteran executive Teresa Heitsenrether chief data and analytics officer.

22 June 2023

News/sustainable

EBAday: Banks are seeking new approaches to level up sustainable strategies

In the panel ‘Sustainable finance: Assessing shades of green across payments and banking’, hosted by Finextra’s own Madhvi Mavadiya, speakers explored how the European banking landscape is adopting sustainable strategies.

22 June 2023