26 June 2017
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Latest artificial intelligence news

Nomura Asset Management trials AI for investment decision making
Wholesale banking

Nomura Asset Management trials AI for investment decision making

49 minutes ago  |  662 views  |  0 comments | 1 tweets

Japan's Nomura Asset Management (NAM) has tapped artificial intelligence (AI) to quantitatively assess text from news websites and blogs, using the results to help portfolio managers make investment decisions.

USAA takes stake in cognitive computing firm
Retail banking

USAA takes stake in cognitive computing firm

14 June 2017  |  3609 views  |  0 comments | 4 tweets | 3 linkedin

USAA is to implement artificial intelligence technology to improve customer services following participation in a $15 million funding round for CognitiveScale.

Swift Business Forum, New York - live blog
Transaction banking

Swift Business Forum, New York - live blog

14 June 2017  |  7299 views  |  0 comments | 1 tweets | 1 linkedin

Welcome to Finextra's live coverage of the Swift Business Forum in New York. This event will focus on the key issues affecting the financial industry, including banking, payments, and securities. Cyber security will also be a hot topic, in light of the announcement of Swift's Customer Security Programme.

EastNets adopts AI to monitor Swift traffic for fraudulent messages
Security

EastNets adopts AI to monitor Swift traffic for fraudulent messages

14 June 2017  |  6659 views  |  0 comments | 4 tweets | 12 linkedin

Payments processor EastNets is to apply machine learning technology to detect fraudulent payments transactions passing over the Swift network.

FinTech50: London continues to dominate European scene
Blockchain

FinTech50: London continues to dominate European scene

07 June 2017  |  12901 views  |  0 comments | 28 tweets | 22 linkedin

The Brexit cloud may loom large but, for now, the UK remains at the centre of Europe's financial technology scene, home to nearly two thirds of the firms that make it into this year's FinTech50.

HSBC boards the robo-advice train
Wholesale banking

HSBC boards the robo-advice train

01 June 2017  |  9096 views  |  0 comments | 15 tweets | 14 linkedin

HSBC is throwing its weight behind the robo-advisory movement, announcing plans to use data and algorithms to deliver tailored advice and make personal recommendations based on an individual’s circumstances.

ING tackles robo-advisory conundrum
Mobile & online

ING tackles robo-advisory conundrum

31 May 2017  |  5590 views  |  1 comments | 15 tweets | 21 linkedin

Research among 15,000 consumers conducted by ING finds that only two percent would trust a fully automated robo-adviser to invest their money on their behalf.

RBC and NAB invest in financial management software firm Wave
Payments

RBC and NAB invest in financial management software firm Wave

30 May 2017  |  4364 views  |  0 comments | 7 tweets | 18 linkedin

National Australia Bank and Royal Bank of Canada have joined a US$24 million funding round for Wave, a Toronto-based provider of financial management software for small businesses.

Banks must get on AI bandwagon now – new Finextra research
Retail banking

Banks must get on AI bandwagon now – new Finextra research

19 May 2017  |  13316 views  |  0 comments | 24 tweets | 35 linkedin

Big data, faster processing and cheap storage make it possible to turn the vision of AI in banking, developed over decades, into reality – today. The technology will only improve, and not engaging now would be to run the risk of falling behind never to catch up, finds a new Finextra research paper.

Sumitomo Mitsui rolls out messaging app bot
Retail banking

Sumitomo Mitsui rolls out messaging app bot

18 May 2017  |  4117 views  |  0 comments | 2 tweets | 1 linkedin

The Sumitomo Mitsui Financial Group has developed an AI chatbot that will answer customer questions over Line, the popular Japanese messaging app.

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