The New York and Tel Aviv based startup Dynamic Infrastructure is implementing the world's first deep-learning solution which allows bridge and tunnel owners and operators to obtain visual diagnosis of the assets they manage. The system provides live, cloud-based, 3D views of the bridge or tunnel and automatically alerts when changes are detected in maintenance and operation conditions - before the issues evolve into large-scale failures. Read more »
Sberbank and Microsoft Research are teaming up to study how AI can be used to train robots to interact with physical objects in order to boost coin counting productivity. Sberbank research engineers will work with their Microsoft counterparts in Redmond, using the tech giant's AI platform, which unites machine learning - including reinforcement learning - and simulation modelling in virtual reality to create autonomous AI systems. Read more »
MDOTM, a leading provider in quantitative investment advisory services to institutional investors, and Raiffeisen Capital Management, one of Austria’s largest fund managers, announce a new strategic partnership. Thanks to this new initiative, the range of Raiffeisen Capital Management's sustainable funds will be used by MDOTM to offer to the market SRI investment solutions that benefit from the efficiency brought by AI technology in portfolio... more Read more »
Arkera, a leading AI-powered, human enhanced, intelligence platform for institutional and corporate clients, is attending the IMF Annual Meeting this week, following the launch of second-generation product, Atlas Live. The IMF Annual Meeting is one of the most stimulating events for emerging markets, where Arkera will be meeting with policy makers, investors and economists connected with emerging markets. Read more »
ING has joined a taskforce to promote the development and acceptance of artificial intelligence technology in the Netherlands, part of a national initiative to halt a brain drain of talent to AI powerhouses like the US and China. The bank has joined forces with Ahold Delhaize, KLM, NS and Philips to form Kickstart AI. As part of the programme, ING will co-fund five AI academic positions in conjunction with Dutch universities, and actively... more Read more »
Royal Bank of Canada (RBC) is backing a new academic research project using artificial intelligence to address climate change. Borealis AI, an RBC Institute for Research, and RBC Quebec are donating $50,000 to a project at Mila - Quebec Artificial Intelligence Institute. The money will be used to help develop a tool that uses AI technology to produce street view images that show the potential effects of climate change. Read more »
CaixaBank has developed an innovation project using artificial intelligence to manage returned direct debit payments. As a leading Spanish retail bank, CaixaBank manages 450 million direct debit payments every year and is the primary direct debit service provider in Spain. When a bill is sent to an account with an insufficient balance, the software notifies the customer's banking adviser, who then analyses the case and decides how to resolve the... more Read more »
NatWest has today announced a collaboration with Microsoft, and Artificial Intelligence specialist DreamQuark, in developing Next Generation Complex Analytics. The work will allow the bank to simulate behaviours of different environments such as financial markets or transport networks, processing it into meaningful patterns and insights that help to accurately predict future outcomes. Read more »
EZOPS Inc., a New York-based provider of artificial intelligence software for financial services institutions, announced today that the firm was among 20 global fintech start-ups selected to exhibit in the 2019 FIA Innovators Pavilion at the 35th annual FIA Expo in Chicago October 29 to 31. FIA is the leading global trade organization for the futures, options and centr Read more »
Feedzai has announced the availability of AI-powered Case Manager, a major upgrade that revolutionizes the way analysts and investigators review cases and alerts. By bringing the power of AI into Case Manager, Feedzai boosts the efficiency of financial crime prevention, while simultaneously improving the accuracy of detection. Read more »
As the global race for Artificial Intelligence (AI) leadership intensifies, India has begun to catch up with countries like United Arab Emirates, South Korea, the United States, Germany, Singapore and Japan in the mainstream adoption of AI-based technologies. The Indian BFSI & NBFC sectors are undergoing a dramatic change with the growing realization of AI’s importance among business leaders and have put them at the forefront of exploring... more Read more »
FICO® Falcon® X, announced today at the Finovate conference in New York, delivers groundbreaking AI and machine learning technology aimed at preventing new forms of fraud and financial crime that are enabled by the rapid adoption of real-time payments. Running on Amazon Web Services (AWS), FICO Falcon X streamlines both fraud detection and anti-money laundering processes — something banks and financial institutions worldwide are seeking. Read more »
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launched a new AI module that uses machine learning for continuous digital payments processing - a typical project to maintain and improve the matching rules would take up to two days, it can now be achieved with a simple tick. Read more »
Nets, a leader in the European payments industry, has collaborated with multinational professional services provider, KPMG, to develop Nets Fraud Ensemble, a next-generation fraud monitoring and prevention solution. Read more »
Neato Robotics today announced it has appointed Thomas Nedder as global Chief Executive Officer. Nedder brings with him over 25 years of experience in multi-million dollar tech-based international businesses, most recently serving as Head of Sony Electronics, Germany. With a solid history of realising aggressive growth objectives in highly competitive markets, Nedder will utilise his leadership, sales and marketing background to continue... more Read more »
