https://www.finextra.com/ The Latest Financial IT Artificial intelligence Headlines Copyright 2024 Finextra Research Ltd en-GB contact@finextra.com (Finextra Contact) https://www.finextra.com https://www.finextra.com/finextra-images/site/finextra.png https://www.finextra.com/newsarticle/43558/davos-2024-ai-most-relevant-for-fintech-development-until-2029?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43558/davos-2024-ai-most-relevant-for-fintech-development-until-2029?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 19 Jan 2024 10:56:00 GMT Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School presented research on the future of global fintech, conducted in conjunction with the World Economic Forum. https://www.finextra.com/newsarticle/43520/broadridge-releases-genai-tool-for-cutting-settlement-fails?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43520/broadridge-releases-genai-tool-for-cutting-settlement-fails?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 11 Jan 2024 13:36:00 GMT Broadridge has launched a ChatGPT-style Large Language Model for streamlining back office operations and cutting settlement fails. https://www.finextra.com/newsarticle/43491/llms-display-cognitive-shortfalls---bis?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43491/llms-display-cognitive-shortfalls---bis?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 05 Jan 2024 00:01:00 GMT When posed with a logical puzzle that demands reasoning about the knowledge of others and about counterfactuals, large language models (LLMs) display a "distinctive and revealing pattern of failure," according to a bulletin from the Bank for International Settlements. https://www.finextra.com/newsarticle/43489/bbva-runs-genai-datarally?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43489/bbva-runs-genai-datarally?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 04 Jan 2024 10:50:00 GMT BBVA has run a generative AI 'DataRally' with inhouse staff to spot and train talent in the use of the large language models (LLMs) that are behind the success of the likes of ChatGPT. https://www.finextra.com/newsarticle/43475/finextras-top-research-reports-of-2023?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43475/finextras-top-research-reports-of-2023?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 28 Dec 2023 11:54:00 GMT With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research. https://www.finextra.com/newsarticle/43474/finextras-top-impact-study-reports-of-2023?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43474/finextras-top-impact-study-reports-of-2023?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 27 Dec 2023 12:06:00 GMT With 2023 drawing to a close, we take a look back at our most downloaded impact study reports over the course of the past year. Our impact study reports are how-to, best practice guides that support those in the financial industry in their utilisation and optimisation of particular technologies, as well as providing an outlook at future trends to watch. https://www.finextra.com/newsarticle/43465/bunq-launches-genai-chatbot?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43465/bunq-launches-genai-chatbot?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 20 Dec 2023 00:01:00 GMT Bunq has launched its own generative AI platform that the Dutch neobank says will "wow" customers with its ability to answer money-related questions. https://www.finextra.com/newsarticle/43417/caixabank-creates-100-strong-genai-team?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43417/caixabank-creates-100-strong-genai-team?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 12 Dec 2023 00:01:00 GMT CaixaBank has assembled a multi-disciplinary task force of more than 100 people to exclusively work on and deploy generative artificial intelligence in specific areas of internal and customer-related services. https://www.finextra.com/newsarticle/43412/blackrock-rolls-out-genai-to-staff-and-clients?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43412/blackrock-rolls-out-genai-to-staff-and-clients?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 08 Dec 2023 12:52:00 GMT Global investment manager BlackRock has announced the rollout of generative AI tools as soon as January in a bid to embrace the nascent technology. https://www.finextra.com/newsarticle/43410/fujitsu-partners-with-palantir-technologies-to-boost-business-transformation?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43410/fujitsu-partners-with-palantir-technologies-to-boost-business-transformation?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 08 Dec 2023 12:27:00 GMT Sustainable digital transformation company Fujitsu has allied with Palantir Technologies to boost business transformation in Japan and solve societal challenges. https://www.finextra.com/newsarticle/43406/canapi-ventures-raises-750m-fintech-fund?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43406/canapi-ventures-raises-750m-fintech-fund?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 08 Dec 2023 00:01:00 GMT Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund. https://www.finextra.com/newsarticle/43396/bofe-to-review-ai-risk-to-financial-stability?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/43396/bofe-to-review-ai-risk-to-financial-stability?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 06 Dec 2023 13:32:00 GMT The Bank of England is launching a review of artificial intelligence and machine learning amid concerns that its use could pose financial stability risks. https://www.finextra.com/pressarticle/99369/model-office-ships-generative-ai-compliance-chat-bot?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99369/model-office-ships-generative-ai-compliance-chat-bot?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 22 Jan 2024 11:08:00 GMT RegTech platform Model Office has launched a new version of its AI chatbot incorporating generative AI features and development to support advice and wealth management firms’ governance, risk, and compliance (GRC) challenges. https://www.finextra.com/pressarticle/99343/intellect-opens-ai-innovation-centre-in-india?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99343/intellect-opens-ai-innovation-centre-in-india?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 18 Jan 2024 10:20:00 GMT Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, proudly announces the inauguration of its cutting-edge Artificial Intelligence (AI) led innovation centre in GIFT CITY, an epic centre of Global Finance and IT. https://www.finextra.com/pressarticle/99309/mastercard-pilots-small-business-ai?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99309/mastercard-pilots-small-business-ai?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 11 Jan 2024 16:00:00 GMT Mastercard is in development on a new initiative to support small business owners globally with personalized guidance to help them grow and thrive. https://www.finextra.com/pressarticle/99280/uk-innovation-sector-on-upwards-trajectory-as-venture-capital-investment-turns-a-corner?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99280/uk-innovation-sector-on-upwards-trajectory-as-venture-capital-investment-turns-a-corner?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 10 Jan 2024 10:09:00 GMT 2024 could be the year of recovery after UK venture capital turned a corner in H2 2023 according to new analysis from HSBC Innovation Banking and Dealroom. https://www.finextra.com/pressarticle/99219/tarabut-partners-with-decentralised-savings-platform-hakbah?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99219/tarabut-partners-with-decentralised-savings-platform-hakbah?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 27 Dec 2023 11:22:00 GMT Hakbah - the KSA-based fintech savings platform - announces a new partnership with Tarabut - MENA’s leading open banking platform, and an investor in the region’s digital transformation. https://www.finextra.com/pressarticle/99157/factset-launches-ai-chatbot-to-drive-efficient-workflows-for-junior-bankers?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99157/factset-launches-ai-chatbot-to-drive-efficient-workflows-for-junior-bankers?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 15 Dec 2023 17:48:00 GMT FactSet, a global financial digital platform and enterprise solutions provider, today announced the beta release of its latest AI advancement, FactSet Mercury, an innovative large language model-based knowledge agent to power modern digital workflows and enhance fact-based decision making. https://www.finextra.com/pressarticle/99123/uk-consumers-divided-on-use-of-generative-ai-in-banking---fis?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99123/uk-consumers-divided-on-use-of-generative-ai-in-banking---fis?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 13 Dec 2023 11:08:00 GMT FIS (NYSE: FIS), a global leader in financial services technology, has conducted new consumer research into the extent to which people understand and trust generative artificial intelligence (GenAI), as well as their attitudes towards the emerging technology’s role in personal finance and banking. https://www.finextra.com/pressarticle/99086/allianz-develops-machine-learning-incognito-tool-to-identify-fraud-claims?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99086/allianz-develops-machine-learning-incognito-tool-to-identify-fraud-claims?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 11 Dec 2023 13:46:00 GMT With the exponential rise in sophisticated technologies, Allianz aims to stay one step ahead in combatting fraudulent insurance claims with AI technology. https://www.finextra.com/pressarticle/99072/ai-powered-investment-assistant-helix-by-hl-snags-6-million-seed-round?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99072/ai-powered-investment-assistant-helix-by-hl-snags-6-million-seed-round?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 07 Dec 2023 15:40:00 GMT Helix by HL, the innovative generative AI assistant revolutionizing private market investing, announced today the successful completion of its Seed+ funding round with a raise of $6 million at a post-money valuation of $26 million. https://www.finextra.com/pressarticle/99048/airwallex-improves-customer-onboarding-with-generative-ai?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/99048/airwallex-improves-customer-onboarding-with-generative-ai?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 06 Dec 2023 15:35:00 GMT Airwallex today shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. https://www.finextra.com/pressarticle/98988/71m-joins-forces-with-aveni?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/98988/71m-joins-forces-with-aveni?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 30 Nov 2023 10:18:00 GMT Aveni.ai, the AI fintech business, has been selected by the client-centric, technology-driven wealth and investment management business 7IM as a strategic AI partner. https://www.finextra.com/pressarticle/98978/commbank-reports-growing-app-uptake?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/98978/commbank-reports-growing-app-uptake?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 29 Nov 2023 15:44:00 GMT Commonwealth Bank has today provided an update on its strategy to reimagine the banking experience for its retail and business customers as they increasingly adopt and use its leading digital banking services. 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. 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. 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. 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. 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. https://www.finextra.com/videoarticle/3030/top-skills--talent-priorities-in-the-age-of-ai?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3030/top-skills--talent-priorities-in-the-age-of-ai?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 09 Nov 2023 15:05:00 GMT Ahead of hosting this year's SME day on Singapore Fintech Festival’s Talent Stage, Tram Anh Nguyen, Co-founder for the Centre for Finance, Technology and Entrepreneurship (CFTE), discusses the importance of skill adaptation and financial literacy. We explore the significance of upskilling in light of AI's impact on jobs and organisations, how industry leaders are meeting the challenges around talent recruitment and budget constraints, and ask what role partnerships play in Singapore’s talent and upskilling initiatives going forward. https://www.finextra.com/videoarticle/3027/how-do-ai-technologies-use-data-to-enhance-sustainable-decision-making?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3027/how-do-ai-technologies-use-data-to-enhance-sustainable-decision-making?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 08 Nov 2023 11:35:00 GMT Dr Darian McBain, Chief Executive Officer of Outsourced Chief Sustainability Officer Asia, discusses the crucial role of data management in addressing climate risk ahead of Singapore Fintech Festival 2023. With AI-driven advancements such as ClimateBert and ChatClimate already in use, we explore how AI can facilitate transition planning, rapidly adapt to new regulations and global practices, enhance data-driven decision-making on a global scale, and engage individuals at a personal level to reach the next milestone in the journey to Net Zero. https://www.finextra.com/videoarticle/3026/how-investing-in-partner-ecosystems-and-generative-ai-technologies-puts-real-time-client-needs-first?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3026/how-investing-in-partner-ecosystems-and-generative-ai-technologies-puts-real-time-client-needs-first?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 06 Nov 2023 15:20:00 GMT Wissam Khoury, EVP of Treasury and Capital Markets at Finastra, discusses how Finastra's approach to delivering end-to-end solutions meets client banks' demands for increased efficiency and cost reduction, especially in an increasingly uncertain market. Emphasising the value of returning the power of innovation to clients through cloud-based technologies, extensive partner ecosystems and Gen AI, Wissam analyses the approach of leveraging open APIs and third-party solutions to ensure long-term sustainable growth for clients and communities. https://www.finextra.com/videoarticle/3023/leveraging-digitalisation-for-an-optimised-future?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3023/leveraging-digitalisation-for-an-optimised-future?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 11 Oct 2023 16:00:00 GMT Alex Jimenez, Managing Principal, Financial Services Consulting, EPAM Systems, Inc., highlights the importance of digital transformation and optimisation for retail banks amidst economic uncertainty and technological advancements, in the lead-up to Money20/20 2023. https://www.finextra.com/videoarticle/3022/the-true-cost-of-compliance?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3022/the-true-cost-of-compliance?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 11 Oct 2023 12:30:00 GMT At Sibos 2023, Grayson Clarke, Head of Market Planning and Marketing, LexisNexis® Risk Solutions, presents insights from the recent True Cost of Financial Crime Compliance Study, conducted by Forrester Consulting, on how the evolving financial landscape is being shaped by an intricate network of regulations and sanctions, and the increasing use of AI. https://www.finextra.com/videoarticle/3013/unlocking-the-power-of-generative-ai-in-financial-services?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3013/unlocking-the-power-of-generative-ai-in-financial-services?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 05 Oct 2023 09:30:00 GMT At Sibos 2023, Kanika Hope, Chief Strategy Officer, Temenos, and Tyler Pichach, Executive Director, Global Business Solutions, Microsoft, discuss how generative AI will impact banks, transforming operations and value propositions, and the role of cloud technology in enabling embedded finance. https://www.finextra.com/videoarticle/2988/the-journey-from-open-banking-to-open-finance?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2988/the-journey-from-open-banking-to-open-finance?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 26 Sep 2023 10:07:00 GMT Alistair Brown, VP Open Banking and Payments, EPAM, discusses European banking sector regulations, the role of enhanced AI solutions in tackling fraud, risk, and cybersecurity, and the benefits of enhancing customer experience at Sibos 2023. https://www.finextra.com/videoarticle/2984/banking-on-automation-and-ai-technology?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2984/banking-on-automation-and-ai-technology?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 21 Sep 2023 13:00:00 GMT Manoj Mishra, Senior Vice President, Consulting Services, CGI, and Tom Lang, EVP, Head of Product and Operations, PNC Treasury Management, speak at Sibos 2023 about AI and automation’s impact on business operations, current common use cases and the advantages of collaboration. https://www.finextra.com/blogposting/25538/no-2-the-evolution-of-core-banking-technology--from-mainframes-to-beyond-cloud?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/25538/no-2-the-evolution-of-core-banking-technology--from-mainframes-to-beyond-cloud?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 17 Jan 2024 09:18:13 GMT To understand why coreless banking is such a paradigm shift, we must travel back in time and track t... https://www.finextra.com/blogposting/25541/one-year-to-go-on-dora-why-financial-services-should-get-ready-now?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/25541/one-year-to-go-on-dora-why-financial-services-should-get-ready-now?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 17 Jan 2024 10:21:02 GMT It’s one year down and one to go for European financial organisations to get their houses in order. ... https://www.finextra.com/blogposting/25556/new-take-on-trading-technology-how-to-navigate-the-cloud-tech-arms-race?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/25556/new-take-on-trading-technology-how-to-navigate-the-cloud-tech-arms-race?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 18 Jan 2024 13:34:32 GMT We’re on the cusp of a new arms race. That is the description given to the phenomenon involving the ... https://www.finextra.com/blogposting/25535/ai-regulations--a-global-round-up?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/25535/ai-regulations--a-global-round-up?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 17 Jan 2024 04:42:58 GMT Artificial Intelligence is advancing at an exponential rate and rapidly changing the world around us... https://www.finextra.com/blogposting/25550/5-predictions-for-fintech-in-2024?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/25550/5-predictions-for-fintech-in-2024?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 17 Jan 2024 16:51:53 GMT The last 24 months were turbulent for the financial industry to say the least. After initially bel