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Conversational AI and The Future of Financial Advice

Co-authored with Ramtin Matin, Lead Technological Strategist, SpareBank 1 SR-Bank
 

Artificial intelligence is one of the key components behind the digital revolution in the banking and finance sector. From fraud protection to customer service, there is a seismic shift in how these companies are using technology—and AI specifically—to improve product portfolios and bolster bottom lines.

Wednesday, February 5, 2020 - 06:09
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Financial IT
Payments Infrastructure Builder Finix Raises $35m
Finix

Payments infrastructure platform Finix, has raised $35 million in a Series B funding round led by Silicon Valley VC Sequoia.

Wednesday, February 5, 2020 - 06:05
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Financial IT
AcadiaSoft and Clarus Team on Initial Margin Analytics Service

AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced it will launch a joint initial margin analytics service with Clarus Financial Technology (FT).

The service, enabled by AcadiaSoft’s Access application (part of AcadiaPlus), allows Clarus FT to provide clients with margin analytics, calculations and modeling for non-cleared Initial Margin (IM).

Wednesday, February 5, 2020 - 05:55
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Financial IT
Veridium Rolls Out Facial Recognition Tech and Behavioural Biometrics Product
Veridium

Today, authentication platform Veridium launches its proprietary facial recognition technology, vFace.

Wednesday, February 5, 2020 - 05:50
31796
/news/authentication-technology/veridium-rolls-out-facial-recognition-tech-and-behavioural-biometrics
Financial IT
Mode Unveils Bitcoin Buying App
London-based fintech firm Mode

London-based fintech firm Mode, advised and backed by Twitter co-founder Biz Stone, has launched its Bitcoin banking mobile iOS app.

This will make Bitcoin - the world’s most popular digital asset which many refer to as ‘digital gold’ - accessible to everyone at the touch of a button.

The platform is available to users globally, except in the United States of America.

Wednesday, February 5, 2020 - 05:48
31795
/news/cryptocurrencies/mode-unveils-bitcoin-buying-app
Financial IT
European Investment Bank and Azimo Sign EUR20 Million Debt Venture Deal
The European Investment Bank (EIB)

The European Investment Bank (EIB) and Azimo, the European money transfer service, today announced a EUR 20 million debt agreement.

The financing is supported by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe.

The loan will help Azimo accelerate its expansion, including the development of its proprietary automated payments platform. Currently, some 130 of Azimo’s 160 total staff are based in Kraków, and EIB financing will enable the company to grow its technical team there more rapidly.

Wednesday, February 5, 2020 - 05:43
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/news/payments/european-investment-bank-and-azimo-sign-eur20-million-debt-venture-deal
Financial IT
Bankable Announces Strategic Collaboration with Visa to Continue Growing Globally

Bankable, the global architect of “Banking as a Service” solutions, today announced a strategic collaboration with Visa in the United States. Bankable aims to provide Visa’s U.S. clients, including corporate and financial institutions, access to its real-time and modular banking solutions, enabling them to deploy digital banking and faster payment services. To accommodate ongoing work in the U.S., Bankable is opening an office in New York, which is Bankable’s fourth office after London, Brussels and Dubai.

Tuesday, February 4, 2020 - 13:28
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Financial IT
CQG Partners with DVeX to Offer Front-End Platforms to New Cryptocurrency Exchange

 CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, today announced the establishment of a partnership with DVeX, a new cryptocurrency exchange built by and for institutional traders.  The firms have collaborated to offer CQG front-end platforms to DVeX clients for cutting-edge trading tools and analytics, effective immediately.

Tuesday, February 4, 2020 - 13:17
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/news/trading-systems/cqg-partners-dvex-offer-front-end-platforms-new-cryptocurrency-exchange
Encompass receives £1.97m grant to develop AI tool for the financial services sector

Glasgow-based regulatory technology (regtech) firm Encompass has received a £1.97m research and development (R&D) grant from Scottish Enterprise to develop an Artificial Intelligence (AI) Platform for its financial services clients, it was announced by First Minister Nicola Sturgeon today.

The funding is part of a project with a total value of £4.9m, which will create 33 new high-value RegTech jobs in the city.

Tuesday, February 4, 2020 - 12:57
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/news/artificial-intelligence/encompass-receives-ps197m-grant-develop-ai-tool-financial-services
Financial IT
Global Enterprises and Merchants Unprepared as Fraudsters Focus on Rewards Programs

 Forter, the leader in e-commerce fraud prevention, today announced availability of the Forter Loyalty Program Protection solution to protect high value rewards programs from fraud and abuse, enabling

Tuesday, February 4, 2020 - 11:41
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Financial IT

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