Artificial Intelligence

CaixaBank Uses Artificial Intelligence to Simplify the Management of Direct Debit Payments

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 announces tech partnership with Microsoft and DreamQuark to simulate future market outcomes

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 Selected for FIA Innovators Pavilion at Leading Trade Show for Listed Derivatives Community

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 Launches AI in Case Manager, Powered by Next Generation AI Capabilities

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 »

AI for India’s BFSI & NBFC Sectors Move Beyond Experimentation

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 Opens AI Portfolio to Fight Next-Generation Fraud and Financial Crime

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’s New Artificial Intelligence Module Uses Machine Learning for Digital Payments Processing

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 and KPMG Partner to Launch AI-Powered Payment Fraud Prevention Solution

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 Appoints Thomas Nedder as Chief Executive Officer

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 »

Cloudian Launches EDGEMATRIX Subsidiary for Artificial Intelligence Processing at the Edge

Cloudian® today announced the creation of EDGEMATRIX, a majority-owned subsidiary led by Hiroshi Ohta, Cloudian co-founder. The new company will provide solutions for Artificial Intelligence (AI) processing of large-scale data sets at the edge, building on the innovation and momentum Cloudian has demonstrated in the Japanese AI market. Read more »

Bolero International partners with Traydstream to automate scrutiny and compliance checking of trade documents

Bolero International is partnering with Traydstream, the leader in Trade document scrutiny using artificial intelligence (AI), to provide a powerful automatic document checking service for both its corporate and bank customers saving them time and resources as well as mitigating trade finance risks. Read more »

Sumsub and Blackmoon Partner for an AI-Powered Compliance Exchange Solution

Blackmoon and Sumsub are joining efforts to meet the FATF requirements for a secure and compliant crypto to fiat exchange environment. Sophisticated compliance and anti-fraud solution enabled Blackmoon to upgrade and secure the process of investing and exchanging currencies for investors. Read more »

Demystifying AI & RPA Technologies for the Indian BFSI & NBFC Sectors

The BFSI sector seems to be raring to go on the AI and automation front, harnessing the maximum advantage of market opportunities. Indian banks such as State Bank of India (SBI) and Bank of Baroda are already betting big on AI. Speaking of the Indian NBFC sector that has been facing a rough stretch due to the recent liquidity crises, India’s shadow banks are seeing a sign of silver lining by revamping their lending processes through state-of-the... more Read more »

OCBC and Clinc Release Singapore's First Conversational AI Virtual Banking Assistant

Clinc, the creators of the most sophisticated, conversational, natural language AI in the world, today announced that OCBC Bank, the oldest Singapore bank and the second-largest financial services group in Southeast Asia, has launched a voice-enabled mobile banking assistant powered by Clinc to all OCBC Bank customers. This assistant is the first of its kind in Singapore. Read more »

Saudi Arabia – The Global Investment Powerhouse for AI and Automation

The Kingdom of Saudi Arabia’s Vision 2030 plan explicitly spells out the nation’s ambitious attempt to radically overhaul its economy. With carefully curated programs and clear-cut themes that are designed to deliver impact against strategic objectives, Saudi Arabia is intensely working towards becoming an international trade hub connecting three continents: Africa, Asia and Europe. Read more »

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