Banks to Use Generative AI to Meet Instant Payments Project Challenges
- 1 year 1 month ago
- Artificial Intelligence
New research from RedCompass Labs, a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.
Alkami Market Study Reveals Differences in AI Outlook Between Financial Institutions and Consumers
- 1 year 2 months ago
- Artificial Intelligence
Alkami Technology, Inc., a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today released commissioned research findings regarding the distinct perspectives on artificial intelligence (AI) held by regional and community financial institutions (RCFIs) compared to consumers, particularly in terms of its potential, use cases and adoption.
Treasury Prime Partners with Kobalt Labs to Bring AI-Powered Compliance to Its Bank Network
- 1 year 2 months ago
- Artificial Intelligence, Compliance
Treasury Prime, a leading embedded banking software company, announced today the addition of Kobalt Labs, an AI-powered copilot for risk and compliance teams, to the Treasury Prime Partner Marketplace.
AI’s Historic Role in Fighting ‘Friendly Fraud’
- 1 year 2 months ago
- Artificial Intelligence
Global losses to payment fraud have surged to $48 billion USD in 2023, and payment companies around the
CaixaBank Starts Its Second Rollout of Generative AI Across the Entire Group
- 1 year 2 months ago
- Artificial Intelligence
CaixaBank has launched a second phase in the development and deployment of generative artificial intelligence to scale use cases and implement them throughout the group. The aim of this project is to improve the customer and employee experience and increase productivity and efficiency, as the bank's professionals will be able to devote more time to projects with greater added value.
Cohesity Bolsters Cyber Resilience with GenAI Capabilities
- 1 year 2 months ago
- Artificial Intelligence, Cloud
Cohesity, a leader in AI-powered data security and management, has extended its first-mover advantage in GenAI detection and recovery capabilities with the addition of significant new enhancements to the Cohesity Data Cloud. These improvements allow customers to use Cohesity’s built-in AI capabilities to rapidly detect, investigate, and address potential threats within their environment, enabling them to restore operations far more quickly.
CIBC to Hire More Than 200 Data and AI Roles to Further Momentum in Delivering for Clients
- 1 year 2 months ago
- Artificial Intelligence, Data
CIBC today announced plans to hire more than 200 data and AI roles over the next 12 months as it continues to leverage AI capabilities to further execute on the bank's client-focused strategy.
Microsoft and dLocal Forge Strategic Partnership to Harness Artificial Intelligence in Fintech in Uruguay
- 1 year 2 months ago
- Artificial Intelligence
Microsoft and dLocal are thrilled to announce a landmark partnership to integrate cutting-edge Artificial Intelligence solutions into the financial technology sector. The partnership was announced at an event held at Microsoft’s AI Innovation Lab in Montevideo today.
JPMorgan Chase Reveals AI Tool for Research Analyst Tasks
- 1 year 2 months ago
- Artificial Intelligence
JPMorgan Chase has unveiled its latest innovation, LLM Suite, a proprietary generative artificial intelligence platform designed to enhance productivity and research capabilities across its asset and wealth management division. This new tool, developed in-house, represents a significant advancement in the bank’s AI strategy and aims to transform how its employees perform critical tasks.
Wolters Kluwer Harnesses GenAI for Enhanced Tax and Legal Research
- 1 year 2 months ago
- Artificial Intelligence
Wolters Kluwer Tax & Accounting Asia Pacific, a leader in professional information, software solutions, and services, announces important GenAI-enabled enhancements to CCH iKnowConnect, its prominent tax and legal research platform.
GFT Launches AI Impact: Time savings of up to 90% in the Software Development lifecycle
- 1 year 2 months ago
- Artificial Intelligence
The journey of creating software is long, complex, fragmented, and involves dozens of separate tools. To streamline this process, global digital transformation company GFT has launched AI Impact, a new solution leveraging artificial intelligence to eliminate technical debt, increase developer efficiency and automate critical software development processes. In initial projects with leading banks, insurance companies and manufacturers across the... more
Launches GenAI Tool to Support Financial Services Firms With DORA Compliance of Contracts
- 1 year 3 months ago
- Artificial Intelligence
adesso, a leading global IT services provider, is rolling out a new generative AI tool to help financial services firms review contracts in adherence with the European Union's Digital Operational Resilience Act (DORA) directive.
Quod Financial Selects QuantHouse Market Data to Enhance Its AI-Driven Trading Platforms
- 1 year 3 months ago
- Artificial Intelligence, Trading Systems
Iress today announced that its QuantHouse division has entered into a strategic global partnership with Quod Financial, a leading provider of multi-asset trading technology.
Global Relay Announces Integration With OpenAI's ChatGPT Enterprise Compliance API
- 1 year 3 months ago
- Artificial Intelligence
Global Relay, the leading provider of communications compliance solutions for regulated industries, announces its integration between OpenAI’s ChatGPT Enterprise Compliance API and Global Relay’s financial compliance platform.
MAS Commits up to S$100 Million to Support Quantum and Artificial Intelligence Capabilities in the Financial Sector
- 1 year 3 months ago
- Artificial Intelligence
The Monetary Authority of Singapore today announced that it will commit an additional S$100 million under the Financial Sector Technology and Innovation Grant Scheme to support financial institutions in building capabilities in quantum and artificial intelligence (AI) technologies, as well as enable the advancement of quantum and AI related innovation and adoption in financial services. Catalysing the development of quantum capabilities in the... more
