Artificial intelligence

218 articles tagged with this keyword

/ai

BBVA inks OpenAI deal to bring ChatGPT to employees

Spanish banking group BBVA is stepping up its use of artificial intelligence, signing a deal with OpenAI to start rolling out ChatGPT to thousands of employees.

/ai

Effective decision making: Leveraging AI for growth and efficiency

Join FinextraTV at the Temenos Community Forum 2024 in Dublin as Prema Varadhan, President Product & COO of Temenos, delves into the transformative potential of artificial intelligence in banking. We explore specific use cases across banking operations, highlighting how generative AI, combined with explainable AI, enhances customer interactions, streamlines back-office processes, and improves risk and compliance screenings. We also review the measurable value generative and responsible AI bring to banks in terms of innovation, customer centricity, and operational efficiency.

/retail

Finastra and Newgen Software join forces

Global provider of low-code platform, Newgen Software and Finastra, a global provider of financial software applications, partner to offer best-in-class banking solutions for existing customers and jointly expand the market base.

/security

Barclays invests in former Rise Academy alumni Velotix

AI-based data security platform Velotix has secured funding from Barclays Bank and Capri Ventures.

/payments

Zilch surpasses four million customers

Zilch, the world’s first ad-subsidised payments network (ASPN), today announced its latest milestone: surpassing 4 million registered customers within just 44 months of launch.

/security

Mastercard takes GenAI to the Dark Web

Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards.

/people

BlueFlame AI names Ed Chu CTO

BlueFlame AI (“BlueFlame”), the generative AI platform for alternative investment managers, today announced the appointment of Ed Chu as Chief Technology Officer.

/cloud

Lending Modernisation: Quick Wins for Banks

Join FinextraTV in conversation with Robert Downs, Global Head of Corporate & Syndicated Lending, Finastra and Prakash Pattni, Managing Director - Digital Transformation, IBM Cloud for Financial Services, IBM, as we explore a plethora of topics including digitalisation gaps, cloud innovation, data and knowledge management, regulation, and competition and how they all intersect with each other to modernise lending. This compelling conversation explores current problems with data in the lending industry and how modern technologies such as AI and automation transform lending processes, products and ensure quick wins for banks.

/ai

Jaja Finance launches Gen AI chat assistant

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.

/ai

Sectors exposed to AI experience five times higher growth in labour productivity

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.

/ai

AI should be trained to respect a regulatory 'constitution' says BofE policy maker

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.

/wealth

EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.

/ai

JPMorgan to give AI training to all new hires

JPMorgan is to give AI training to all new employees, as the bank seeks to cement its reputation as an AI powerhouse.

/ai

Glia releases 'Responsible AI' platform

Glia, the leader in customer interaction technology, today launched Glia Cortex, the first responsible AI platform built specifically for the financial services industry.