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Latest Results from /ai

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Mexican fintech Aviva raises $5.5m

Aviva, a Mexican "phygital" financial platform for the underbanked and micro businesses, has raised $5.5 million in seed funding.

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Bourgeois Boheme raises €6.5m for financial platform for the rich

Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.

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Tech leadership change at Wells Fargo sees Kerrins take up new Gen AI role

Wells Fargo has appointed a new head of technology and shunted current CIO Tracaey Kerrins to head up a newly-created Generative AI team.

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ThetaRay boosts AI financial crime detection with Screena acquisition

AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.

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JPMorgan rolls out Generative AI 'research analyst' to staff

JPMorgan Chase has rolled out an inhouse developed Generative AI chatbot to staff, likening it to a having a research analyst at your desk.

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Lloyds and Nationwide invest in Scottish AI fintech Aveni

Lloyds Banking Group and Nationwide have joined an £11 million Series A funding round in Scottish AI fintech Aveni.

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EToro launches AI-generated ad campaign

Trading and investing platform eToro is launching an AI-generated advertising campaign for the Paris Olympics.

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FTC investigates 'surveillance pricing' based on customer data

The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.

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MAS to fund quantum and AI projects for financial sector

The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector.

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JP Morgan invests in B2B payments platform Slope

JP Morgan is making an equity investment in, and providing a debt facility to, AI-led business-to-business payments platform Slope.

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Anne Boden quits Starling for new AI venture

Starling Bank founder Anne Boden has quit the board of the challenger bank to pursue a new AI venture.

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AWS announces generative AI service to create apps

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.