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Latest Results from /ai

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NatWest invests in AI startup dedicated to tackling financial vulnerability

NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability.

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Active human oversight remains key as banks begin roll out GenAI

Financial services firms are putting an emphasis on active human oversight for model training, interpretation and sensitive decision-making as they begin the roll out of generative AI across their businesses, according to a report from UK Finance.

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Fintech startup Wyzr wins £400,000 from NatWest's Dragons Den

Wyzr, a fintech startup developing an AI CFO product for small businesses, has raised £400,000 from a Dragon's Den-style pitch event held by NatWest.

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Algo trading firm XTX to build €1bn data centre hub in Finland

Algo trading form XTX Markets is investing €1 billion in a large-scale data centre complex in Finland to support its growing use of machine learning.

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Goldman Sachs wants to create AI that thinks and acts like a seasoned banker

Goldman Sachs is rolling out a Generative AI assistant to its staff in the first stage of a programme that aims to create a bot capable of thinking and acting like a veteran employee.

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RBC to co-develop GenAI models for data security and privacy with Cohere

Royal Bank of Canada has teamed with AI vendor Cohere to co-develop a security and data privacy application using generative AI.

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Nationwide consolidates data estate to pave the way for GenAI

Nationwide Building Society is to expand its use of Generative AI, after reporting a successful first implementation with Microsoft.

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Agentic AI: Citi GPS explores future of finance in the ‘do it for me’ economy

Citi GPS, Citi’s thought leadership product, last week released a report exploring the transformative potential of agentic artificial intelligence (AI), a cutting-edge advancement enabling AI systems to make decisions and execute tasks autonomously.

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Google fund invests in KYB verification startup Arva AI

Google's early-stage AI fund has led a $3 million seed round for Arva AI, a startup that helps banks and fintechs automate AML and KYB compliance.

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Nevermined raises $4m to build 'PayPal for AI'

Nevermined, a startup building payments infrastructure for AI-to-AI transactions, has raised $4 million in funding.

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Chainalysis buys AI fraud detection firm Alterya

Blockchain analysis giant Chainalysis has acquired generative AI-powered fraud detection startup Alterya.

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AI threatens as many as 200,000 jobs in global banks - Bloomberg

Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to a market survey conducted by Bloomberg Intelligence.