Bank Automation

SEPTEMBER 13, 2024

Banks and investors are evaluating AI-driven startups for long-term growth opportunities. “Investors are keeping close tabs on AI-related innovation,” Isaiah Payne, managing director at investment banking firm Jackson Payne Investments, told Bank Automation News at Finovate Fall 2024.

AI 68

AI FinTech Automation Innovation 68

Fintech News

APRIL 28, 2024

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

AI 89

AI Innovation Financial Crimes Crime 89

The Fintech Times

JULY 19, 2024

The Monetary Authority of Singapore (MAS) has committed an additional S$100million to support the development of quantum and artificial intelligence (AI) technologies in the financial sector. Nevertheless, the level of AI-readiness and adoption varies across financial institutions in Singapore.

AI 129

AI Fraud Detection Use Case Scams 129

FloQast

SEPTEMBER 10, 2024

From the highest levels to the deepest valleys of hallucination , Gen AI’s potential, and its drawbacks, and, most relevantly here: How we see it impacting the accounting profession — now, and down the road. That’s why the shortage has made it imperative for us to harness AI’s potential. Capitalism marches on.

AI 91

AI Accounts Audit Compromise 91

The Fintech Times

AUGUST 14, 2024

Al Fardan Exchange, a financial services provider in the UAE, has partnered with the Dubai AI & Web3 Festival 2024 reflecting its commitment to advancing AI integration within the financial sector as well as supporting the UAE’s vision for a digitally advanced economy.

AI 106

AI Financial Inclusion Finance Underserved 106

The Fintech Times

JUNE 12, 2024

As Dubai looks to cement its position as a global leader in the world of finance and AI, its new AI Campus cluster has already been inaugurated. Announced in 2023, the Dubai AI Campus is the largest dedicated cluster of AI and advanced tech in the MENA region.

AI 64

AI Innovation Economy Finance 64

Fintech News

DECEMBER 11, 2023

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The competition is divided into two primary areas.

Cross-Border 104

Cross-Border SWIFT AI Innovation 104

Bank Automation

APRIL 8, 2024

Financial institutions are looking to new technology, growing their innovation teams and investing in AI and generative AI. Citigroup goes beyond the technology when starting innovation projects, looking to its clients and existing capabilities. When the $1.6

Innovation 113

Innovation AI Technology 113

Finextra

JUNE 19, 2024

The UK’s industry body for the fintech community, Innovate Finance, has confirmed it will be distributing the CISI’s Certificate in Ethical Artificial Intelligence (AI) to its membership.

AI 52

AI Innovation Finance FinTech 52

Bank Automation

JANUARY 22, 2024

Bank technology leaders attend the Consumer Electronics Show every year to spark innovation ideas for the bank’s research and development team; this year the focus was on all things AI. What we’re here for is to see what everybody else is doing with [AI],” Chief Innovation Officer Don Relyea told Bank Automation News at […]

AI 66

AI Innovation Research Automation 66

Fintech Finance

SEPTEMBER 10, 2024

New research from RedCompass Labs , a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

Instant Payments 88

Instant Payments AI ISO 20022 Payments 88

Bank Automation

MAY 23, 2024

TD Bank is exploring the use of generative AI within its institution through pilot programs. Understanding how generative AI can be used to augment the work of our colleagues has always been our focus,” Imran Khan, head of TD Invent, the bank’s innovation arm, told Bank Automation News.

AI 115

AI Automation Research Innovation 115

Fintech News

JULY 31, 2024

Digital banking software provider Backbase has launched its first global Center of Excellence (COE) for Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE, led by Backbase’s Head of AI Chris Shayan, will focus on developing AI solutions to enhance customer engagement and business outcomes in the banking sector.

AI 108

AI Industry Trends Innovation FinTech 108

Fintech Finance

AUGUST 14, 2024

Paddle , the payments infrastructure provider, has today opened applications for its third AI Launchpad, offering 75 ambitious AI founders the chance to participate in a 6-week program to help them build, launch and scale their AI-powered business ideas.

AI 81

AI Participant Database Innovation 81

The Fintech Times

JULY 12, 2024

The UAE launched its ‘Strategy for Artificial Intelligence’ (AI) in 2017 to integrate the use of the technology at all levels within the country. Seven years later, organisations continue to align themselves with the strategy, especially as AI’s popularity reaches new heights. ” J.K.

AI 69

AI Visa Economy Enrollments 69

Fintech News

JUNE 24, 2024

Bank Negara Indonesia (BNI), an Indonesian state-owned commercial bank, has partnered with Cloudera to leverage generative artificial intelligence (Gen AI) for advancing its banking services. This move positions BNI among the first global enterprises to trial Cloudera’s AI Inference service, powered by NVIDIA NIM.

AI 95

AI Privacy Innovation Security 95

Fintech News

JULY 18, 2024

The Monetary Authority of Singapore (MAS) announced an additional commitment of S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support the development of quantum and AI technologies within the financial sector. to support the progressive adoption of AI technologies.

AI 98

AI Use Case Fraud Detection Scams 98

Seon

JUNE 7, 2024

With its mimetic capabilities, AI-generated fraud is harder to detect and occurs at unprecedented volumes and velocities. How AI-Generated Fraud Works: Understanding the Threats AI-generated fraud represents a significant evolution in malicious activities, leaning on advanced technologies to create and execute sophisticated schemes.

AI 52

AI Innovation Fraud Prevention Fraud Detection 52

The Fintech Times

FEBRUARY 2, 2024

It suggests that the UK government will need to engage with the nuances of open-source technology and open innovation and listen to its community. It suggests that the UK government will need to engage with the nuances of open-source technology and open innovation and listen to its community. Open models are innovation enablers.

AI 64

AI Government Governance Innovation 64

Bank Automation

MAY 24, 2024

Synchrony Financial is investing in training its employees on emerging technology, with a focus on AI and automation. The $117 […]

AI 101

AI Cybersecurity Automation Innovation 101

Open Banking Excellence

JANUARY 18, 2024

As we enter an exciting new year, businesses worldwide are ratcheting up artificial intelligence (AI) investment. Our latest assesses the AI maturity of 50 of the world’s largest banks to determine how each is performing against four key capability areas – Talent, Innovation, Leadership, and Transparency.

AI 130

AI Best Practices APACS Innovation 130

The Fintech Times

AUGUST 29, 2024

Dubai AI Campus , the dedicated cluster of AI companies at the DIFC Innovation Hub , home to the first fintech accelerator in the Middle East, is collaborating with Google Cloud, leveraging its expertise and resources to better support the local startup ecosystem.

AI 69

AI Innovation Agreements FinTech 69

Fintech News

AUGUST 14, 2024

Prudential has announced an expanded strategic partnership with Google Cloud to introduce AI-driven products and applications aimed at enhancing experiences for customers, agents, and employees. The lab will provide Prudential’s 15,000 employees with tools and a structured environment to develop scalable AI products.

AI 71

AI Product Facilitators Innovation 71

Fintech News

SEPTEMBER 10, 2024

” Paul Ng Paul Ng, CEO of EDBI said, “Arta’s decision to establish its global headquarters and develop an AI-enabled fintech platform in Singapore underscores the country’s robust innovation ecosystem and advanced digital infrastructure, making it a prime destination for global founders to scale their businesses.

AI 89

AI Security Finance Advisors 89

Finextra

JULY 1, 2024

In the dynamic realm of banking, innovation has been the cornerstone of evolution and customer satis.

Innovation 106

Innovation AI 106

Fintech News

JUNE 18, 2024

The advancement of generative artificial intelligence (gen AI) has opened up new commercial, social, and technological opportunities. The document, released in May 2024, outlines challenges associated with gen AI and shares a comprehensive gen AI risk framework to guide financial institutions in using the technology in a responsible manner.

AI 99

AI Use Case Risk Deepfake 99

Finovate

MAY 13, 2024

AI integration specialist AI Squared acquired open-source Reverse ETL (rETL) company, Multiwoven. The acquisition follows AI Squared’s $13.8 AI Squared made its Finovate debut at FinovateSpring 2023. AI integration platform AI Squared has acquired open-source Reverse ETL (rETL) company Multiwoven.

AI 64

AI Acquirers Facilitators Returns 64

The Fintech Times

FEBRUARY 7, 2024

The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.

Government 112

Government Governance AI Regulations 112

Fintech News

JUNE 3, 2024

In the financial services industry, artificial intelligence (AI) is emerging as a transformative force, promising to reshape the way institutions operate, innovate, and compete on a global scale. However, challenges including AI talent scarcity and limited collaboration between financial institutions and AI fintech startups.

AI 76

AI Accreditation FinTech Finance 76

The Fintech Times

FEBRUARY 8, 2024

MedibleGo was created with the purpose of empowering micro, small and medium enterprises (MSMEs) through advanced AI technology. It has reached its next milestone in achieving this mission as it has been awarded a grant by Innovate UK , the UK’s innovation agency.

Innovation 59

Innovation AI Addressing Economy 59

Finextra

AUGUST 1, 2024

AI is setting new benchmarks in the global fintech sector, significantly enhancing how companies int.

AI 64

AI FinTech Regulations Innovation 64

The Fintech Times

SEPTEMBER 14, 2024

Having already explored compliance challenges, penalties and solutions, we now turn our attention to the technology of the moment: AI. While we’re well aware that AI is currently spoken about in absolutely every context, we also understand the huge impact it can have across sectors and operations.

Compliance 69

Compliance AI Process Suspicious Activity Report (SAR) 69

Finextra

AUGUST 14, 2024

Artificial intelligence (AI) has completely changed the financial trading landscape as it offers tra.

AI 52

AI Innovation 52