Latest Finextra Research Artificial intelligence Headlines https://www.finextra.com/ The Latest Financial IT Artificial intelligence Headlines Copyright 2024 Finextra Research Ltd en-GB contact@finextra.com (Finextra Contact) Finextra Research Headlines https://www.finextra.com https://www.finextra.com/finextra-images/site/finextra.png AI should be trained to respect a regulatory 'constitution' says BofE policy maker https://www.finextra.com/newsarticle/44179/ai-should-be-trained-to-respect-a-regulatory-constitution-says-bofe-policy-maker?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44179/ai-should-be-trained-to-respect-a-regulatory-constitution-says-bofe-policy-maker?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 21 May 2024 11:44:00 GMT Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker. EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth https://www.finextra.com/newsarticle/44175/efg-hermes-acquires-minority-stake-in-danish-fintech-kenzi-wealth?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44175/efg-hermes-acquires-minority-stake-in-danish-fintech-kenzi-wealth?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 21 May 2024 09:17:00 GMT Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth. JPMorgan to give AI training to all new hires https://www.finextra.com/newsarticle/44174/jpmorgan-to-give-ai-training-to-all-new-hires?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44174/jpmorgan-to-give-ai-training-to-all-new-hires?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 21 May 2024 08:54:00 GMT JPMorgan is to give AI training to all new employees, as the bank seeks to cement its reputation as an AI powerhouse. Kudos raises $10.2m for AI-powered smart wallet https://www.finextra.com/newsarticle/44168/kudos-raises-102m-for-ai-powered-smart-wallet?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44168/kudos-raises-102m-for-ai-powered-smart-wallet?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 20 May 2024 00:01:00 GMT Kudos has raised $10.2 million in a Series A funding round led by QED Investors for its AI-powered smart wallet and shopping assistant. TCF 2024 day 2: ESG, AI, and the market outlook https://www.finextra.com/newsarticle/44161/tcf-2024-day-2-esg-ai-and-the-market-outlook?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44161/tcf-2024-day-2-esg-ai-and-the-market-outlook?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 17 May 2024 09:30:00 GMT Benjamin Ensor, director of research and strategy at 11:FS, moderated the first panel of the day to look at a market updates. He was joined by Kanika Hope, chief strategy officer, Temenos; Dan Broten, chief technology officer, EQ Bank; and Rob Keijsers, chief digital and information Officer, ASA International. Nasdaq boosts market surveillance with GenAI https://www.finextra.com/newsarticle/44152/nasdaq-boosts-market-surveillance-with-genai?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44152/nasdaq-boosts-market-surveillance-with-genai?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 16 May 2024 00:01:00 GMT Exchange operator Nasdaq is integrating a GenAI-powered feature into its market surveillance technology. Bunq makes GenAI assistant fully conversational https://www.finextra.com/newsarticle/44145/bunq-makes-genai-assistant-fully-conversational?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44145/bunq-makes-genai-assistant-fully-conversational?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 15 May 2024 00:01:00 GMT Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product. Nine-in-ten Klarna employees now use AI daily https://www.finextra.com/newsarticle/44140/nine-in-ten-klarna-employees-now-use-ai-daily?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44140/nine-in-ten-klarna-employees-now-use-ai-daily?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 14 May 2024 11:32:00 GMT Billed as a game-changer for productivity, up to 90% off Klarna staff are now using generative AI daily, with non-technical groups such as Communications, Marketing, and Legal seeing adoption rates of 92.6%, 87.9%, and 86.4% respectively. MPs warn against mass government surveillance of bank accounts https://www.finextra.com/newsarticle/44136/mps-warn-against-mass-government-surveillance-of-bank-accounts?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44136/mps-warn-against-mass-government-surveillance-of-bank-accounts?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 14 May 2024 00:01:00 GMT A group of UK MPs has tabled a parliamentary motion calling on the government to remove powers in a new bill that they say would result in the mass surveillance tens of millions of people's bank accounts. UBS CEO warns of risk from delaying Credit Suisse IT integration https://www.finextra.com/newsarticle/44137/ubs-ceo-warns-of-risk-from-delaying-credit-suisse-it-integration?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44137/ubs-ceo-warns-of-risk-from-delaying-credit-suisse-it-integration?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 13 May 2024 19:11:00 GMT UBS is aiming for a swift and smooth IT integration with recently acquired Credit Suisse, bringing over only 10% of its former rival's 3000 applications. Temenos ramps up AI offensive https://www.finextra.com/newsarticle/44133/temenos-ramps-up-ai-offensive?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44133/temenos-ramps-up-ai-offensive?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 13 May 2024 13:45:00 GMT Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform. TranscendAP launches as new venture for AI-powered accounts payable automation https://www.finextra.com/newsarticle/44108/transcendap-launches-as-new-venture-for-ai-powered-accounts-payable-automation?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/44108/transcendap-launches-as-new-venture-for-ai-powered-accounts-payable-automation?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 09 May 2024 00:01:00 GMT Accounts payable automation specialist TranscendAP has spun out from IT services firm Optima Global Solutions. Jaja Finance launches Gen AI chat assistant https://www.finextra.com/pressarticle/100866/jaja-finance-launches-gen-ai-chat-assistant?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100866/jaja-finance-launches-gen-ai-chat-assistant?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 22 May 2024 09:46:00 GMT Jaja Finance (“Jaja”) has today become one of the first UK fintechs to launch a Generative Artificial Intelligence (Gen AI) chat assistant using Anthropic’s state-of-the-art Claude 3 model family, accelerating the fintech’s journey to becoming the UK’s leading digital lender. Sectors exposed to AI experience five times higher growth in labour productivity https://www.finextra.com/pressarticle/100856/sectors-exposed-to-ai-experience-five-times-higher-growth-in-labour-productivity?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100856/sectors-exposed-to-ai-experience-five-times-higher-growth-in-labour-productivity?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 21 May 2024 12:12:00 GMT Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labour productivity, according to PwC's inaugural 2024 Global AI Jobs Barometer, published today. Glia releases 'Responsible AI' platform https://www.finextra.com/pressarticle/100842/glia-releases-responsible-ai-platform?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100842/glia-releases-responsible-ai-platform?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 20 May 2024 13:40:00 GMT Glia, the leader in customer interaction technology, today launched Glia Cortex, the first responsible AI platform built specifically for the financial services industry. Payarc to adopt AI with AWS https://www.finextra.com/pressarticle/100837/payarc-to-adopt-ai-with-aws?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100837/payarc-to-adopt-ai-with-aws?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 20 May 2024 09:08:00 GMT Payarc, a leader in innovative payment processing solutions, announces it is working with Amazon Web Services (AWS) to enhance business intelligence for its clientele. Leveraging AWS machine learning, generative artificial intelligence (gen AI), analytics, security, and business intelligence technologies such as Amazon Macie, Amazon SageMaker, Amazon Redshift, data lake Foundation on AWS, Amazon QuickSight, Amazon QuickSight Q, and Amazon Q, Payarc aims to redefine financial data analysis in the payment industry. Modern Treasury updates reconciliation product https://www.finextra.com/pressarticle/100801/modern-treasury-updates-reconciliation-product?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100801/modern-treasury-updates-reconciliation-product?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 15 May 2024 19:38:00 GMT Modern Treasury, essential infrastructure for the new era of payments, today introduced new innovations to its Reconciliation product and AI tools to help companies automate complex reconciliation challenges. M&T Bank taps nCino for credit monitoring https://www.finextra.com/pressarticle/100798/mt-bank-taps-ncino-for-credit-monitoring?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100798/mt-bank-taps-ncino-for-credit-monitoring?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 15 May 2024 18:04:00 GMT nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that M&T Bank Corporation (“M&T”) (NYSE:MTB) an existing and long-standing nCino customer, is expanding its use of the nCino platform and integrating nCino’s Continuous Credit Monitoring Solution into its operations. The solution is powered by nIQ and leverages Rich Data Co’s (RDC) AI decisioning platform. Chase for Business survey reveals tech inspiration driving SMEs https://www.finextra.com/pressarticle/100797/chase-for-business-survey-reveals-tech-inspiration-driving-smes?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100797/chase-for-business-survey-reveals-tech-inspiration-driving-smes?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 15 May 2024 16:04:00 GMT Leading financial services provider for small businesses, Chase for Business survey revealed it’s findings indicating continued optimism among small business owners and their growing willingness to invest in digital solutions. Koodoo taps Resistant AI for document fraud checks https://www.finextra.com/pressarticle/100777/koodoo-taps-resistant-ai-for-document-fraud-checks?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100777/koodoo-taps-resistant-ai-for-document-fraud-checks?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 15 May 2024 09:08:00 GMT Koodoo, the AI-powered technology provider for financial services, today announces that it is partnering with Resistant AI to supercharge its Document Checking offering with Resistant AI’s leading Document Forensics technology. AI assistant for finance Grasp raises $1.9 million https://www.finextra.com/pressarticle/100768/ai-assistant-for-finance-grasp-raises-19-million?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100768/ai-assistant-for-finance-grasp-raises-19-million?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 14 May 2024 12:24:00 GMT Grasp, one of the world’s first AI assistants for investment banks and management consultants, is issuing new shares worth USD 1.9 million (SEK 20 million) to Yanno Capital and Philian Invest. Romania's Salt Bank signs AML deal with Napier AI https://www.finextra.com/pressarticle/100740/romanias-salt-bank-signs-aml-deal-with-napier-ai?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100740/romanias-salt-bank-signs-aml-deal-with-napier-ai?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 14 May 2024 08:00:00 GMT Napier AI, the London-based financial crime compliance RegTech, is pleased to announce it has been selected as the anti-money laundering (AML) platform for Salt Bank, the first Romanian neobank with the fastest growing in Southeastern Europe. AI Squared acquires Multiwoven https://www.finextra.com/pressarticle/100738/ai-squared-acquires-multiwoven?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100738/ai-squared-acquires-multiwoven?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 10 May 2024 11:30:00 GMT AI Squared, a leading technology provider for integrating information into web-based business applications, announces its acquisition of the world’s number one open-source Reverse ETL (rETL) company, Multiwoven. With this acquisition, AI Squared furthers its commitment to helping organizations simplify the movement of data and AI insights into business applications. MoneyGram pitches AI-generated Mother's Day cards https://www.finextra.com/pressarticle/100727/moneygram-pitches-ai-generated-mothers-day-cards?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/100727/moneygram-pitches-ai-generated-mothers-day-cards?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 09 May 2024 13:38:00 GMT In advance of Mother’s Day, one of the most significant holidays for the cross-border payments industry, MoneyGram has launched “Make Your Mother’s Day,” a funny and memorable way to celebrate moms – no matter where they are in the world. Cybercrime: What to Expect from Malware-as-a-Service? https://www.finextra.com/videoarticle/3087/cybercrime-what-to-expect-from-malware-as-a-service?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3087/cybercrime-what-to-expect-from-malware-as-a-service?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 07 May 2024 17:03:00 GMT Scott Olson, CMO, Outseer, taps into insights from their upcoming ‘Global Fraud and Scams Trend Report’ to explore what has exerted the most significant influence on fraud threats and mitigation since 2023. Artificial Intelligence – generative, predictive, or otherwise – continues to garner attention, but with new types of AI coming to the fore, fraudsters are also evolving which is leading to increased social engineering, phishing, and malware. The discussion also dives into staggering increases in Malware-as-a-Service and how unsophisticated fraudsters are now executing malicious programmes on consumer devices, overlaying legitimate banking apps with malware to steal personal information. Pivotal trends for sustainable growth in financial services https://www.finextra.com/videoarticle/3082/pivotal-trends-for-sustainable-growth-in-financial-services?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3082/pivotal-trends-for-sustainable-growth-in-financial-services?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 25 Apr 2024 09:39:00 GMT Amidst the evolving financial services landscape, three pivotal trends have emerged: operational resilience, generative artificial intelligence, and modernisation. As institutions navigate the complexities of digital transformation, the importance of building resilient systems, harnessing the power of gen AI responsibly, and modernising tech stacks becomes increasingly evident. In a conversation with Monica Sasso, Global Financial Services Digital Transformation Lead at Red Hat, we delve into these trends, exploring their implications and the strategies needed for sustainable growth. Advancing payments: How can innovation drive business growth? https://www.finextra.com/videoarticle/3065/advancing-payments-how-can-innovation-drive-business-growth?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3065/advancing-payments-how-can-innovation-drive-business-growth?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 28 Mar 2024 12:26:00 GMT At MPE 2024, Neil Caldwell, Senior Vice President, Merchant Sales & Acquiring, Visa Europe, explores the influence of Open Banking and regulatory changes such as PSD2 on the payments industry. We discuss how technologies like tokenization and biometric authentication safeguards merchants and drives growth; and look at methods for optimising payments and enhancing customer experience, alongside exciting developments in biometric payments, real-time platforms, and the integration of artificial intelligence and machine learning. Financial Forecast 2024: What's Ahead? https://www.finextra.com/videoarticle/3058/financial-forecast-2024-whats-ahead?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3058/financial-forecast-2024-whats-ahead?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 27 Feb 2024 14:21:00 GMT In this episode of Predict 2024, Edward Harding, Director of Global Strategic Partnerships at Mambu, discusses the upcoming webinar on Mambu’s 2024 partner predictions report, highlighting how trends are shaping financial services and influencing strategies in the year ahead. We learn about Mambu's partnership-driven approach to industry challenges, examine rising trends such as embedded finance and generative AI, and get a preview of what to expect from the webinar on March 6th. Harmonizing AI solutions in the fight against fraud https://www.finextra.com/videoarticle/3054/harmonizing-ai-solutions-in-the-fight-against-fraud?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3054/harmonizing-ai-solutions-in-the-fight-against-fraud?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 16 Feb 2024 09:56:00 GMT Yogesh Patel, CTO, Outseer, discusses how the evolving capabilities of artificial intelligence are reshaping fraud detection and prevention, particularly in banking. We delve into the difference between generative and predictive AI and their surprising applications, such as the rising impact of predictive AI on payment fraud mitigation, and generative AI for operational efficiency and case marking. Additionally, we discuss the importance of data quality in AI for algorithms, feature engineering, and model adaptability, to optimize security against fraudulent behaviours and enhance model efficiency. Watch to learn more about how AI will impact the future of fraud. Predicting growth for clearing houses and scheme operators in 2024 https://www.finextra.com/videoarticle/3052/predicting-growth-for-clearing-houses-and-scheme-operators-in-2024?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3052/predicting-growth-for-clearing-houses-and-scheme-operators-in-2024?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 13 Feb 2024 14:23:00 GMT As payment markets evolve, further progress hinges on open access facilitated by infrastructure modernisation. In this Predict 2024 episode, Paul Ruggieri, Senior Vice President, Real Time Payments, Product Management, Mastercard, discusses growth opportunities for clearing houses and scheme operators, emphasising the need for standardised communication strategies between operators and payment systems. We explore the significance of interoperability and the prioritisation of standardisation to enhance cross-border transactions. Additionally, we explain the key methods for ensuring seamless transactions across borders, leveraging ISO 20022 data and AI for fraud prevention, resilience, and scalability across all 13 markets. Responding to regulations: AI solutions boosting operational resilience in 2024 https://www.finextra.com/videoarticle/3050/responding-to-regulations-ai-solutions-boosting-operational-resilience-in-2024?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3050/responding-to-regulations-ai-solutions-boosting-operational-resilience-in-2024?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 05 Feb 2024 11:57:00 GMT In anticipation of upcoming banking regulations, such as the EU's 2025 deadline, Sumant Kumar, CTO, Banking and Financial Markets, NTT DATA UK&I, provides insights into the impact of artificial intelligence on operational resilience for the year ahead. As a part of our Predict 2024 series, we explore how banks can deploy predictive AI to enhance operational efficiency, alongside the modernisation of infrastructure through converting legacy code with generative AI. We discuss how banks can employ supply chain risk management with the support of operations, improving both customer experience and security in the year to come. Upcoming changes in PSD3: The impact on 3DS ACS solutions https://www.finextra.com/videoarticle/3047/upcoming-changes-in-psd3-the-impact-on-3ds-acs-solutions?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3047/upcoming-changes-in-psd3-the-impact-on-3ds-acs-solutions?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 23 Jan 2024 10:16:00 GMT Yogesh Patel, CTO at Outseer, discusses the impact of new PSD3 regulations on 3DS solutions, what should be front of mind for issuers as a result and what to expect from the VISA & Mastercard protocol updates. We hear how data science plays a role with 3DS solutions, the key capabilities to expect from an ACS and how consortium data can help catch more fraud, specifically for CNP transactions. Transforming interoperability within trade finance https://www.finextra.com/videoarticle/3045/transforming-interoperability-within-trade-finance?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3045/transforming-interoperability-within-trade-finance?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 08 Jan 2024 10:10:00 GMT Iain MacLennan, Head of Trade & Supply Chain Finance at Finastra, and Peter Hazou, Director of Business Development at Microsoft, discuss the rapidly evolving global trade finance system. They cover the shift from static data to insight-driven systems, the use of technologies like blockchain and AI for compliance and scalability, and the importance of an agile, interoperable trade finance stack. Concepts to commercialisation: Growing digital assets https://www.finextra.com/videoarticle/3038/concepts-to-commercialisation-growing-digital-assets?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3038/concepts-to-commercialisation-growing-digital-assets?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 20 Nov 2023 09:44:00 GMT In the lead up to Singapore Fintech Festival, Lee Zhu Kuang, Chief Digital, Data and Innovation Officer for Securities Services, HSBC, evaluates the transformative impact of tokenisation and the role of AI standardisation in enhancing scalability and interoperability. We discuss the impact of digital assets and the need to balance financial expertise, regulatory compliance, custody services, and investor security for sustainable industry growth. Generative AI: The tipping point for future banking https://www.finextra.com/videoarticle/3037/generative-ai-the-tipping-point-for-future-banking?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3037/generative-ai-the-tipping-point-for-future-banking?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 17 Nov 2023 11:10:00 GMT In the lead up to Singapore Fintech Festival, Shayan Hazir, HSBC's Chief Digital Officer for ASEAN, considers initiatives to integrate Artificial Intelligence into current financial infrastructure and the importance of experimentation and collaboration for operational transformation. We discuss the challenges in data orchestration, responsible implementation, public utilities and identify future opportunities in this space. The positive impact of AI on customer experience in financial services https://www.finextra.com/videoarticle/3035/the-positive-impact-of-ai-on-customer-experience-in-financial-services?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3035/the-positive-impact-of-ai-on-customer-experience-in-financial-services?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 15 Nov 2023 14:00:00 GMT With the shift from Google to GPT-4 for information searches, Greg Krasnov, the founder of Tonik Bank, examines AI’s growing influence on the financial industry ahead of this week's Singapore FinTech Festival. The discussion explores how banks are adopting AI, the implementation of Gen AI in customer interactions, where friction between regulation and innovation may arise, and the impact it is having on customer acquisition and credit applications. Regulatory challenges with AI require a collaborative response https://www.finextra.com/videoarticle/3033/regulatory-challenges-with-ai-require-a-collaborative-response?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3033/regulatory-challenges-with-ai-require-a-collaborative-response?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 10 Nov 2023 13:00:00 GMT Jo Ann Barefoot, Founder & Chief Executive Officer of Alliance for Innovative Regulation (AIR), discusses the challenges presented by rapidly evolving AI in the global banking landscape and examines the pace of regulatory response. In the lead up to Singapore Fintech Festival 2023, the discussion covers ethical AI innovation, the risks associated with fraud and bias, and the potential role of AI assistants in consumer protection. Jo emphasizes the importance of regulators adopting cloud technology and AI, highlighting the significance of collaborative efforts among stakeholders to navigate the intricacies of AI in banking. How AI is re-shaping financial services https://www.finextra.com/featurearticle/2809/how-ai-is-re-shaping-financial-services?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2809/how-ai-is-re-shaping-financial-services?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 15 May 2024 13:14:00 GMT Join this webinar to discover the use cases for how financial services organisations can fully grasp the potential of AI – not just as another analytical tool, but in ways that re-shape payments. Reconciliation, Cloud and AI: Streamlining Reconciliations in a T+1 world https://www.finextra.com/featurearticle/2806/reconciliation-cloud-and-ai-streamlining-reconciliations-in-a-t1-world?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2806/reconciliation-cloud-and-ai-streamlining-reconciliations-in-a-t1-world?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 07 May 2024 14:23:00 GMT Watch this webinar on handling straightforward and complex reconciliation with AI-based self-build capabilities on the cloud. How to optimise credit card authentication to drive profit with AI and 3DS https://www.finextra.com/featurearticle/2805/how-to-optimise-credit-card-authentication-to-drive-profit-with-ai-and-3ds?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2805/how-to-optimise-credit-card-authentication-to-drive-profit-with-ai-and-3ds?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 16 Apr 2024 16:33:00 GMT 3DS is more than just a commodity – it’s a hidden gem that can help banks increase authorisation rates, decrease losses, and drive revenue. Trade based financial crime: Mitigating TBFC compliance risk with technology https://www.finextra.com/featurearticle/2804/trade-based-financial-crime-mitigating-tbfc-compliance-risk-with-technology?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2804/trade-based-financial-crime-mitigating-tbfc-compliance-risk-with-technology?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 16 Apr 2024 12:32:00 GMT Watch this webinar on the intersection of document digitisation, anti-money laundering, compliance and fraud across the trade finance space. Payments systems are evolving quickly: is your institution ready? https://www.finextra.com/featurearticle/2790/payments-systems-are-evolving-quickly-is-your-institution-ready?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2790/payments-systems-are-evolving-quickly-is-your-institution-ready?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 06 Feb 2024 16:39:00 GMT Modernising bank payment platforms for new formats and functionality is critically important – learn from successful industry examples. Investing in Fintech: How Technology is Reshaping the Financial Services Landscape https://www.finextra.com/blogposting/26183/investing-in-fintech-how-technology-is-reshaping-the-financial-services-landscape?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/26183/investing-in-fintech-how-technology-is-reshaping-the-financial-services-landscape?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 16 May 2024 10:13:49 GMT Fintech has been driving change across financial services for well over a decade, attracting many bi... Navigating the Upcoming Earnings Calendar: A Detailed Guide for Investors (May 20–24) https://www.finextra.com/blogposting/26193/navigating-the-upcoming-earnings-calendar-a-detailed-guide-for-investors-may-2024?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/26193/navigating-the-upcoming-earnings-calendar-a-detailed-guide-for-investors-may-2024?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 17 May 2024 18:41:40 GMT Anticipate Market Movements from May 20 to May 24, 2024 As we approach another significant week in Harnessing AI/ML to Combat Payment Fraud: A Comprehensive Guide https://www.finextra.com/blogposting/26190/harnessing-aiml-to-combat-payment-fraud-a-comprehensive-guide?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/26190/harnessing-aiml-to-combat-payment-fraud-a-comprehensive-guide?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 17 May 2024 14:02:50 GMT Introduction The payments landscape has undergone a transformative shift, embracing omni-channel, Generative AI Revolutionizes Banking, Financial Services, and Insurance https://www.finextra.com/blogposting/26178/generative-ai-revolutionizes-banking-financial-services-and-insurance?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/26178/generative-ai-revolutionizes-banking-financial-services-and-insurance?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 15 May 2024 15:48:14 GMT This article was co-authored by Praveen Bhadada, Head of Generative AI, Persistent Systems. In less ... Call the Consortium: Puzzling out insurance fraud with collective data https://www.finextra.com/blogposting/26184/call-the-consortium-puzzling-out-insurance-fraud-with-collective-data?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/26184/call-the-consortium-puzzling-out-insurance-fraud-with-collective-data?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 16 May 2024 15:17:27 GMT If cracking an insurance fraud case is like assembling a jigsaw puzzle, then data points are the puz... Sponsor's message: [Impact Study] Fraud and AML Case Management: How to Operate at the Speed of Risk https://www.finextra.com/banners/banner.aspx?opt=ad&baid=7431 https://www.finextra.com/banners/banner.aspx?opt=ad&baid=7431 Thu, 16 May 2024 00:00:00 GMT [Impact Study] Fraud and AML Case Management: How to Operate at the Speed of Risk