16 July 2018
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Latest artificial intelligence news

Citi to streamline corporate receivables with HighRadius

Citi to streamline corporate receivables with HighRadius

12 July 2018  |  4389 views  |  0 comments | 1 tweets | 5 linkedin

Citi is to use machine-learning tools from HighRadius to provide corporate clients with a more streamlined way to match payments received with expected receipts.

Banks stand to reap $512 billion revenue boost from 'intelligent automation'

Banks stand to reap $512 billion revenue boost from 'intelligent automation'

12 July 2018  |  6427 views  |  4 comments | 20 tweets | 27 linkedin

With banks the world over exploring the business case for AI and robotic automation, a new report estimates that hundreds of billions of dollars in additional revenue may be up for grabs as the focus moves away from costs savings to income generation.

The Big Data dilemma

The Big Data dilemma

11 July 2018  |  6529 views  |  0 comments | 9 tweets | 10 linkedin

How can we ensure that Big Data does not make us the prisoners of technology? That's the question posed by Charles Randall, chair of the Financial Conduct Authority and Payment System Regulator at a Reuters Newsmaker event in London.

Nordnet fires AI assistant Amelia

Nordnet fires AI assistant Amelia

10 July 2018  |  3909 views  |  0 comments | 8 tweets | 11 linkedin

Swedish digital bank Nordnet has given virtual staffer Amelia her marching orders after an underwhelming employee performance review.

Banca Carige and IBM create $500 million joint venture

Banca Carige and IBM create $500 million joint venture

09 July 2018  |  4557 views  |  0 comments | 8 tweets | 7 linkedin

Italy's Banca Carige has outsourced its digital transformation programme to IBM under a $500 million joint venture dubbed Dock.

UBS puts digital clone of chief investment officer in branch

UBS puts digital clone of chief investment officer in branch

04 July 2018  |  13314 views  |  1 comments | 18 tweets | 16 linkedin

Wealth management clients visiting a UBS branch in Switzerland will soon be able to get advice from an AI-powered avatar of the bank's chief investment officer.

ThetaRay secures $30 million investment

ThetaRay secures $30 million investment

04 July 2018  |  5528 views  |  0 comments | 3 tweets | 2 linkedin

Financial crime threat detection outfit ThetaRay has completed a Series B fund-raising round of over $30 million.

EBA warns banks on being too passive or proactive on fintech

EBA warns banks on being too passive or proactive on fintech

03 July 2018  |  12677 views  |  1 comments | 23 tweets | 26 linkedin

As they seek to steer a course through the new fintech environment, financial services firms must beware the risks to their business models of both being too passive and too gung-ho in their embrace of new technologies, says a European Banking Authority report.

FCA welcomes firms working on crypto-assets to latest sandbox cohort

FCA welcomes firms working on crypto-assets to latest sandbox cohort

03 July 2018  |  7133 views  |  0 comments | 6 tweets | 7 linkedin

The Financial Conduct Authority's regulatory sandbox continues to gather momentum, with 29 firms - including some working with crypto-assets - getting the go-ahead to join the initiative's fourth cohort.

Investors to use less sell-side research, more AI

Investors to use less sell-side research, more AI

29 June 2018  |  6232 views  |  0 comments | 9 tweets | 8 linkedin

Institutional investors plan to use less sell-side research in the coming years, relying more on proprietary in-house work that takes advantage of AI, according to a study commissioned by Thomson Reuters.

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