Artificial Intelligence

Accuity Launches AI-Powered Financial Crime Compliance Screening to Detect and Prioritise Highest Risk Individuals

Accuity, the leading provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, has announced its AI-driven account screening capability, ‘Firco Automated Alert Reduction’, which increases the level of accuracy in detecting and evaluating screening matches during the KYC process. Read more »

NICE Actimize Introduces CDD-X, Modernizing KYC/CDD Programs with Advanced Analytics and the Power of AI

NICE Actimize  announces the launch of CDD-X, the next-generation Know Your Customer/Customer Due Diligence (KYC/CDD) solution. NICE Actimize CDD-X is the latest addition to the Actimize Autonomous AML solution set that leverages the power of artificial intelligence and machine learning to provide more accurate detection and customer risk scoring to reduce compliance risk. Significant reduction in operational costs are realized through the... more Read more »

Mastercard, Kuok Ventures and SGInnovate invest in AIDA startup

AIDA Technologies, the AI and predictive analytics provider, today announces that Mastercard, Kuok Ventures and SGInnovate have invested in the company in a Series A funding round. AIDATechnologies (“AIDA”) was founded in Singapore in late 2016 by a team of award-winning data scientists from Singapore’s top information and communications technology research institute. The company develops advanced solutions that integrate with customer workflows... more Read more »

Taulia Announces Partnership with Google Cloud to Solve Invoicing with AI

Taulia, a leading fintech company, partners with Google Cloud to launch AI-powered invoicing solution. Read more »

FICO Named a leader in AI for Financial Services

FICO, a leading analytics company, today announced that it has been named a category leader in the AI in Financial Services, 2019; Market and Vendor Landscape report from Chartis Research. FICO was named a category leader in both AI analytics and packaged AI applications. A supplementary report, Vendor Analysis: FICO; Artificial Intelligence in Financial Services, 2019, takes a more detailed look at FICO’s rating and capabilities. Read more »

A Roadmap to the Future of Insurance: Real-World Case Studies and Expert Analysis from QBE, USAA, Hippo and more at Insurance AI & Analytics USA

2018 saw unprecedented advances in the investment and deployment of artificial intelligence capabilities within the insurance industry, and 2019 promises to be no different. With the Insurance AI and Analytics USA Summit kicking off in Chicago, May 2-3, we spoke to some of our speakers to gauge their thoughts on the challenges insurance carriers face in implementing AI, and how the summit will help insurance carriers address these issues through... more Read more »

Temenos launches Data Lake to fuel next-generation AI-driven banking applications

Temenos (SIX: TEMN), the banking software company, today launched Temenos Data Lake and is first to market with a robust, productized data lake that integrates big data analytics into its banking software. Temenos Data Lake delivers out-of-the box data integration, preparation and optimization to power AI-driven banking applications. Read more »

Tinkoff Group builds the most powerful supercomputer among financial institutions for AI applications

 Tinkoff Group built its own supercomputer in line with its AI First strategy and ambition to develop a platform for machine learning and artificial intelligence.    The Kolmogorov cluster is designed to quickly train models on large datasets built since the company’s inception 13 years ago. Fast connections between computer nodes improve the efficiency of hardware resources in distributed training on huge data sets.  Read more »

AI IS THE NEXT TECHNOLOGICAL REVOLUTION, BUT FINANCIAL SERVICE INFRASTRUCTURE ISN’T PREPARED FOR THE SURGE

Over one-third of IT decision makers in the UK’s largest financial services companies believe that AI will transform the industry in the next decade, but the same percentage admit that their infrastructure is not prepared for the transformation, a new survey conducted by Digital Realty reveals.  Read more »

Leading Brazilian healthcare company uses AI to forecast demand

Grupo Fleury, one of Brazil’s largest diagnostic medicine companies, has created an automated demand planning management platform – the Fleury Forecaster – with the help of FICO® Xpress Insight. Using this platform, Group Fleury has slashed the time needed to create a sales forecast. Forecasts have also become more accurate and granular in detail, with the overall margin of error now less than 10 percent. For its achievements, Grupo Fleury has... more Read more »

Pelican expands pan-European Open Banking API interoperability

Pelican (pelican.ai), a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, today announced the further extension of its API Interoperability solution, with expanded support for the six popular Open Banking API standards, now including the UK’s OBWG, France's STET and the Berlin Group, together with the Czech ČSOB, and the Polish and Slovakian APIs. Read more »

Capgemini research: AI implementation progress in the automotive sector

A new study from the Capgemini Research Institute has found that just 10 percent of major automotive companies are implementing artificial intelligence1 (AI) projects at scale, with many falling short of an opportunity that could increase operating profit by up to 16 percent. Read more »

Meet the minds at the forefront of travel tech at Arabian Travel Market

Leading global technology provider CodeGen will showcase its innovative TravelBox reservation and sales system at Arabian Travel Market Dubai (28 April – 1 May 2019).  The integrated technology – which is used by major tour operators, DMCs, airlines, cruise companies and attraction providers around the world – is expected to be one of the stars of the show for delegates from the Middle East’s biggest travel firms. Read more »

Oracle Adds AI Smarts to Increase Oracle ERP Cloud’s Market Lead

Oracle has extended the artificial intelligence (AI) capabilities within Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Enterprise Performance Management (EPM) Cloud. The latest machine learning-based innovations include an expense reporting assistant, project management digital assistant, advanced financial controls and project-driven supply chain management. Read more »

Massive Analytic wins DASA Competition to help win the Invisible Battlespace

Private UK based artificial intelligence pioneer, Massive Analytic Limited, has won a Defence and Security Accelerator (DASA) competition to investigate the application of its patented leading edge AI technology, Artificial Precognition, to identify new ways to enable defence and security forces to effectively conduct electromagnetic (EM) operations across multiple domains. Read more »

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