Artificial intelligence

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TCF 2024 day 2: ESG, AI, and the market outlook

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

Exchange operator Nasdaq is integrating a GenAI-powered feature into its market surveillance technology.


Modern Treasury updates reconciliation product

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

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

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

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.


Bunq makes GenAI assistant fully conversational

Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product.


AI assistant for finance Grasp raises $1.9 million

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.


Nine-in-ten Klarna employees now use AI daily

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.


Romania's Salt Bank signs AML deal with Napier AI

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.


MPs warn against mass government surveillance of bank accounts

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

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

Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform.


AI Squared acquires Multiwoven

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

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.


FinaMaze opens new technology hub in Dubai

FinaMaze announced today its new technology hub, FinaMaze Technologies, based in the Dubai International Financial Centre (DIFC).


Stratiphy AI consortium bags £1 million grant from Innovate UK

Stratiphy, an investment strategy builder technology firm that makes personalised investment solutions scalable, has announced the consortium it leads has been awarded a grant of £1 million from Innovate UK.


TranscendAP launches as new venture for AI-powered accounts payable automation

Accounts payable automation specialist TranscendAP has spun out from IT services firm Optima Global Solutions.


Cybercrime: What to Expect from Malware-as-a-Service?

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.