89 articles tagged with this keyword
News/markets
Share prices of Big Tech companies Google and Microsoft shot up on Friday, a result of large investments in artificial intelligence (AI) that led to immediate revenue returns.
26 April 2024
News/inclusion
What is ethical risk? Ethical risk consists of the risks that could impede an organisation’s ability to live up to its ethical values and standards which impact consumer trust, reputation, and financial performance.
News/devops
The Bank of London is using a Generative AI assistant to speed up coding for companies testing embedded banking applications via the transaction bank's API suite.
25 April 2024
News/security
Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.
In the last panel of NextGen Nordics 2024 in Stockholm, ‘The future of AI - crystallising the potential of this technology’ speakers explored how AI and new trends in tech are impacting the payments industry.
24 April 2024
News/regulation
AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.
NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.
23 April 2024
Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.
19 April 2024
US and European officials have begun an "informal dialogue" on consumer financial protection issues, focusing on the rise of Big Tech in payments; the use of AI in lending; and the emergence of buy now, pay later.
15 April 2024
The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.
12 April 2024
News/cloud
In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon has singled out the "critical impact" of AI and the "essential" importance of migration to the cloud.
10 April 2024
Google Cloud has used its annual Las Vegas event to unveil details of deals with big name financial services firms Citadel, Discover and Scotiabank.
09 April 2024
News/startups
Global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research.
08 April 2024
The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.
02 April 2024
ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.
A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.
28 March 2024
Visa has added a trio of AI-powered risk and fraud prevention tools to its suite of products for businesses.
News/wealth
While almost all asset managers are already using artificial intelligence (AI) in their investment process, only a handful are using the tech for more advanced tasks, according to a recently published study.
26 March 2024
FundGuard, the cloud-native, AI-powered, multi-asset class investment accounting platform, has closed a $100 million Series C funding round led by Key1 Capital.
25 March 2024
News/predictions
2023 saw a 94% decline in funding for Irish fintechs, according to recently published research.
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