Artificial Intelligence

Mode selects Onfido to deliver highest degree of compliance and user experience

Onfido and Mode, the UK’s new mobile banking app for everyday investors to buy, store and manage Bitcoin, have announced their partnership, empowering Mode’s mobile application to seamlessly verify and connect UK and European citizens to a thriving Bitcoin market.  Read more »

Fintech Workforce to Expand 19% by 2030 Thanks to AI, Cambridge University Predicts

In a recent report, the Cambridge Centre for Alternative Finance (CCAF) and the World Economic Forum (WEF) found that rather than observing AI as a single instrument for blanket application across the industry, AI can be viewed as a toolkit that is being used to tinker and build services in an abundance of ways to achieve a variety of objectives. Read more »

Kasisto Raises a Further $22 Million for Conversational AI

Chatbot developer Kasisto has closed a $22 million Series B extension financing, bringing the total amount raised by the New York-headquartered company in this funding round to $51 million. With a mission to 'humanise the digital banking experience' Kasisto's conversational AI has found favour with a crop of top tier institutions, including DBS Bank, JPMorgan Chase, Mastercard, Standard Chartered, TD, and Manulife Bank. Read more »

Yseop launches Augmented Analyst, the next-generation AI NLG platform revolutionizing intelligent reporting automation

New NLG Platform offers large financial and pharmaceutical firms a radically new approach to fast-track complex report automation and deliver significant ROI Yseop, the world-leading AI software company and pioneer in Natural Language Generation (NLG), today announced the launch of Augmented Analyst, a new enterprise-wide NLG automated report generation platform. Augmented Analyst is designed to help financial and pharmaceutical companies... more Read more »

Yseop Launches Augmented Analyst

 Yseop, the world-leading AI software company and pioneer in Natural Language Generation (NLG), today announced the launch of Augmented Analyst, a new enterprise-wide NLG automated report generation platform. Augmented Analyst is designed to help financial companies accelerate their digital transformation.   Read more »

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. Read more »

Accenture Boosts Analytics Skills With Mudano Acquisition

Accenture has agreed to buy Mudano, a data consultancy that works with UK financial services firms. Financial terms were not disclosed. Founded in 2014, with offices in London and Edinburgh, Mudano uses advanced analytics, applied data science and data technologies to help some of the UK's largest banks, insurers and wealth management firms in areas such as customer behavior analytics, financial crime-prevention and intelligent data management. Read more »

Scotiabank Gifts $750,000 to University of Ottawa to Support AI Research

Today, Scotiabank announced a donation of $750,000 to the University of Ottawa to launch the Scotiabank Fund for the AI & Society Initiative. Read more »

Itiviti partners with AI innovator Imandra to integrate machine learning into client onboarding and testing tools

Itiviti, a leading technology, and service provider to financial institutions worldwide, has signed an exclusive partnership agreement with Imandra Inc., the AI pioneer behind the Imandra automated reasoning engine. Imandra’s technology will initially be applied to improving the onboarding process for our clients to Itiviti’s Managed FIX global connectivity platform, with further plans to swiftly expand the AI capabilities across a number of our... more Read more »

MarketAxess Deploys H20.ai Machine Learning Tech

H2O.ai, the open source leader in artificial intelligence (AI) and machine learning (ML), today announced that its open source platform, H2O, provides critical machine learning capabilities to MarketAxess, the operator of a leading electronic trading platform for fixed-income securities and the provider of market data and post-trade services for the global fixed-income markets. Read more »

Intel Examines Whether AI Can Recognise Faces Using Thermal Imaging

Researchers from Intel have published a study examining whether AI can recognise people’s faces using thermal imaging. Thermal imaging is often used to protect privacy because it obscures personally identifying details such as eye colour. In some places, like medical facilities, it’s often compulsory to use images which obscure such details. AI is opening up many new possibilities so Intel’s researchers set out to determine whether thermal... more Read more »

Google CEO Calls For AI Governance

In a Sunday opinion column in The Financial Times (FT), Google and Alphabet chief executive officer (CEO) Sundar Pichai wrote about the importance of having government oversight regarding artificial technology (AI). “Growing up in India, I was fascinated by technology. Each new invention changed my family’s life in meaningful ways,” he wrote.  Now that he is in the position to frame new tech advances, he said he believes that international... more Read more »

Appian Announces Partnership with Celonis

Appian (APPN) today announced a technology partnership and integration initiatives with Celonis, the market leader in AI-enhanced Process Mining and Process Excellence software, to unite Appian’s low-code application development platform with the powerful process mining technology of the Celonis Intelligent Business Cloud (IBC). The partnership will accelerate digital business process transformation and continuous process improvement for joint... more Read more »

Apple Buys Edge AI Experts Xnor.ai For a Reported $200 Million

Apple has acquired Seattle-based edge AI experts Xnor.ai for a reported $200 million. If you recognise Xnor.ai, it’s likely because the company’s technology once powered the person-detection feature on Wyze’s popular cameras. Xnor.ai abruptly cancelled their contract with Wyze back in November – and now we know why. In layman’s terms, edge computing means the processing is done on-device. On-device computation has significant advantages when it... more Read more »

World’s first AI-powered company deal-flow search engine, mnAI, launches for UK investors

Built for the investment and acquisition markets, mnAI, a new AI-powered company intelligence platform, has launched in the UK today. mnAI reduces the time it takes companies and individuals to identify and understand relevant businesses from months to minutes. Read more »

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