Artificial Intelligence

GHDDI launches free AI Virtual Screening Service for COVID-19 powered by Alibaba Cloud

Powered by Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, the Global Health Drug Discovery Institute (GHDDI) launched a Free AI Virtual Screening Service for COVID-19 in order to facilitate COVID-19 drug discovery effort globally. The free and web-based research engine provides researchers with an AI powered tool for virtual screening computation, which is powerful enough to support the prediction of SARS-CoV2... more Read more »

Royal Bank of Canada and Borealis AI announce new AI private cloud platform, developed with Red Hat and NVIDIA

Royal Bank of Canada (RBC) and its AI research institute Borealis AI have partnered with Red Hat and NVIDIA to develop a new AI computing platform designed to transform the customer banking experience and help keep pace with rapid technology changes and evolving customer expectations.   Read more »

QuantaVerse’s AI-powered AML solutions secure highest possible ratings from independent model validation firm

QuantaVerse, which uses AI and machine learning to automate financial crime investigation processes, engaged an independent model validation firm to ensure the regulatory rigor of its AI and machine learning platform. Leveraging its proprietary modeling framework to thoroughly analyze QuantaVerse’s AI solutions, the firm delivered a comprehensive model validation. Read more »

Banca Profilo will now offer four discretionary mandates powered by the Artificial Intelligence of MDOTM

After the positive results of 2019, Banca Profilo grows the suite of products powered by Artificial Intelligence launching three additional discretionary mandates advised by MDOTM, the Fintech company based in London and Milan that develops AI-driven investment strategies for institutional investors. Read more »

SEED Group partners with ABAKA to bring the world’s first AI-powered digital saving and retirement platform to the UAE

SEED Group, a subsidiary company of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, today announced a strategic partnership with ABAKA, the global leader in digital saving and retirement enterprise SaaS solutions, that will allow United Arab Emirates (UAE) financial institutions to integrate ABAKA’s  Read more »

Banks must resolve explainability and “black box” risk governance challenges to succeed with AI post-pandemic, says Economist Intelligence Unit report supported by Temenos

Data bias, “black box” risk, and lack of human oversight are the main governance issues for banks using AI, according to the Economist Intelligence Unit (EIU) report “Overseeing AI: Governing artificial intelligence in banking”. The report is based on a review of global regulatory guidance on AI risks and governance in banking carried out by the EIU on behalf of Temenos (SIX: TEMN), the banking software company.   Read more »

Trescon’s World AI Show Goes Virtual Amidst Pandemic Crisis

After the Jakarta edition of World AI Show, Trescon hosted the MENA edition of the global AI conference on Monday. The show saw a high-level participation from 400+ global technology leaders and AI experts who came together to discuss emerging trends, intractable challenges and the future potentials of artificial intelligence in a post COVID-19 era. Read more »

Virtually Connect with Global AI Leaders at Trescon’s World AI Show

After the Jakarta edition of World AI Show virtual conference which hosted 500+ global AI thought-leaders on Thursday, Trescon is all set to continue the experience with the MENA edition of the same show on Monday, 13th July 2020. Due to the ongoing Covid-19 pandemic, the global AI conference is transitioned to a virtual format, however, still promising the benefits of a physical event such as private consultation rooms, Q&A sessions,... more Read more »

Corinium and FICO report signals increased demand for Artificial Intelligence in the age of COVID-19

Today, FICO, a global analytics software firm, released  a new report from the market intelligence firm Corinium that found the demand for artificial intelligence (AI), data, and digital tools is soaring as the COVID-19 pandemic continues to put a strain on many enterprises.   Read more »

Numerix Launches New Artificial Intelligence Solution to Address $200 Trillion of Financial Contracts Affected by the Global LIBOR Transition

Numerix, the leader in risk technology, has partnered with NextGen Strategic Advisors, an innovative Financial Institutions management consulting firm, to introduce Numerix Oneview for the LIBOR Transition, a new technology designed to address the most burdensome legal, operational, technological and risk challenges presented by the phase-out of LIBOR. Read more »

Kooomo launches state-of-the-art AI Chatbot

Following the launch of its new Help Centre, digital eCommerce solutions specialist, Kooomo has created an online Chatbot designed to help users and stakeholders find the information they are looking for quickly and easily. Utilising the latest in AI technology, Kooomo is the first eCommerce platform to provide this kind of assistance for admins, giving users greater independence to enhance the overall customer experience. Read more »

Sidetrade Joins the Ranks of Euronext’s Rising Tech Stars

Sidetrade (Euronext Growth: ALBFR.PA), the artificial intelligence platform dedicated to accelerating company revenue and cashflow, has earned the European Rising Tech label, awarded by Euronext in recognition of its sales, financial, and stock market performance. Read more »

QuantaVerse offers AI-powered country code derivation to enable financial institutions to experience the potential of automated entity resolution

QuantaVerse, which uses AI and machine learning to automate financial crime investigation processes, is now offering the country code derivation capability of its QuantaVerse Pre-TMS Entity Resolution & Risk Scoring solution for trial. The AI-powered, cloud-based function helps financial institutions struggling to identify potentially risky jurisdictions, or country codes, of transacting parties. Read more »

Ethically accelerating businesses with the use of Artificial Intelligence

Businesses have an opportunity to discover the opportunities and challenges as well as benefits of Artificial Intelligence in a free Immersive Tech Session on Monday 6th of July from 10am to 12pm. The session will be hosted by Wo King from Hi9 and Tariq Rashid who leads the Data Science Cornwall community. Read more »

FICO Awarded 13 New Patents for Responsible AI, Fraud and Decision Management

Silicon Valley analytic software firm FICO has been awarded 13 new patents related to fraud, artificial intelligence (AI) and decision management. In total, FICO currently holds 198 US and foreign patents and 103 pending patent applications. Five of the patents are for ground-breaking analytic technology used by FICO’s industry-leading FICO® Falcon® Platform for fraud management: Read more »

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