Latest Results from /ai
/ai
The European Banking Authority has identified a set of key trust challenges facing financial institutions and regulatory bodies from the growing use of Big Data and advanced analytics, including machine learning, across the financial services industry.
14 January 2020
While there are troves of financial data that have the potential to drive and inform critical business decisions, data remains siloed due to challenges associated with managing multiple data sources and aging infrastructure. Many financial institutions (FIs) face challenges – from limited storage and compute capacity to resource-intensive network deployments – that impede the ability to generate data-led insights powered by analytics.
13 January 2020
Data is just the beginning. Financial institutions (FIs) are now hyper-focused on surfacing meaningful, timely, and actionable insights from proprietary and third-party data. Technologies such as the cloud and artificial intelligence (AI) are forming new partnerships between humans and machines.
78% of institutional investors agree that technology has made financial markets ‘better and more efficient.’ This figure is staggering when compared to the 20% of participants who feel that technology has ‘made financial markets overly complicated.’ But where does the cloud fit in?
HighRadius, a startup specialising in AI-powered order-to-cash and treasury management software, has joined the unicorn club thanks to a $125 million Series B round led by Iconiq Capital and joined by Citi Ventures and Susquehanna Growth Equity.
07 January 2020
ING is to spin out bond analytics platform Katana, the latest graduate from the Dutch bank's fintech incubation labs.
Citi is the latest Wall Street giant looking to hoover up programming talent, embarking on a recruitment drive that will see it hire 2500 coders and data scientists for its investment bank this year.
06 January 2020
As 2019 draws to a close, financial services commentators and vendors have made their customary end-of-year predictions for the 12 months ahead, with increased competition through supercharged PSD2 the principal driving force.
23 December 2019
With 2019 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.
Saxo Bank has formed a 50/50 joint venture with Chinese automotive group Geely Holdings to provide a suite of financial technology services to banks and fintechs in China.
17 December 2019
Bank of Montreal (BMO) is adding an AI-powered personal finance tool to its mobile app, helping customers manage their day-to-day money matters.
12 December 2019
Bank of America's mobile chatbot Erica has surpassed 10 million users since its nationwide rollout in June 2018 and is on track to complete 100 million client requests in the coming weeks.
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.