MAS Commits up to S$100 Million to Support Quantum and Artificial Intelligence Capabilities in the Financial Sector
- 2 years 1 month 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
AI Could Untap £119 Billion Worth of Productive Work Annually Across UK Large Enterprises
- 2 years 1 month ago
- Artificial Intelligence
Workday, Inc, a leading provider of solutions to help organisations manage their people and money, today published The UK Productivity Gap: How AI can unlock workplace potential
GFT AI Impact 1.0: Time Savings of Up to 90 Percent in the Software Development Life Cycle
- 2 years 1 month ago
- Artificial Intelligence
The journey of creating software is long, complex, fragmented, and involves dozens of separate tools. Embedded Artificial Intelligence solutions can streamline this process. In pilot projects with Latin American tier 1 banks GFT's AI Impact has demonstrated significant efficiency improvements in software development:
UAE’s Artificial Intelligence Office, Mastercard and First Abu Dhabi Bank launch joint AI Challenge
- 2 years 1 month ago
- Artificial Intelligence
The UAE’s Artificial Intelligence, Digital Economy and Remote Work Applications Office, the Mastercard Center for Advanced AI and Cyber Technology in Dubai, and First Abu Dhabi Bank (FAB) have announced the launch of their inaugural AI Challenge.
Announcing AWS App Studio, the Fastest and Easiest Way to Build Applications
- 2 years 1 month ago
- Artificial Intelligence
At AWS Summit New York, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, announced AWS App Studio, a generative artificial intelligence (AI)-powered service that uses natural language to create enterprise-grade applications.
Banco Santander and Google Launch Free Artificial Intelligence Course
- 2 years 1 month ago
- Artificial Intelligence
Banco Santander and Google have reached an agreement to offer a free artificial intelligence (AI) course for anyone over the age of 18 the world over.
Tonik and Gupshup Collaborate on Generative AI Chatbot for Digital Banking Innovation
- 2 years 1 month ago
- Artificial Intelligence, Digital banking
Gupshup, the world's leading Conversation Cloud today announced its partnership with Tonik Bank, the first digital-only neobank in the Philippines, to develop a state-of-the-art Generative AI chatbot for Tonik's mobile app. The innovative solution aims to provide Tonik's customers with instant and accurate answers to frequently asked questions, revolutionizing the way they interact with their bank.
Medius Unveils Two Groundbreaking AI Solutions to Revolutionize Accounts Payable Efficiency
- 2 years 1 month ago
- Artificial Intelligence
Medius, a leading provider of AI-driven solutions for Accounts Payable (AP) automation, today announces the launch of two innovative products: Medius Copilot for Accounts Payable Automation (APA) and Medius Supplier Conversations.
Virgin Money’s AI-Powered Virtual Assistant, Redi, Now Available for Current Account Customers
- 2 years 2 months ago
- Artificial Intelligence
Virgin Money’s AI-powered virtual assistant, Redi, is being expanded to more customers, having already supported over one million conversations since its launch in March 2023. The intuitive, easy-to-use chat function is now available 24/7 for personal banking customers who manage their current accounts via the app, following the success it’s had with helping credit card customers over the last year.
AI to Transform the Future of Finance: Citi GPS Report Projects $2 Trillion in Global Banking Profits by 2028
- 2 years 2 months ago
- Artificial Intelligence
Artificial Intelligence (AI) is poised to revolutionize the finance industry, potentially driving global banking profits to an astonishing $2 trillion by 2028, according to a newly released Citi GPS report. This represents a 9% increase in profits over the next five years, marking a significant milestone in the financial sector.
UBS Introduces Framework to Size and Seize the AI Investment Opportunity
- 2 years 2 months ago
- Artificial Intelligence
The launch of ChatGPT marked a watershed moment for AI and its adoption, and the range of problems that AI can address keeps growing at a quick pace. In its new report Artificial intelligence: Sizing and seizing the investment opportunity, UBS GWM’s CIO outlines a value chain led framework for the investable AI universe, describing the value creation in the AI industry from a bottom-up perspective.
nCino Deploying Banking Advisor, a Generative AI Solution to Drive New Efficiencies in Financial Institutions
- 2 years 2 months ago
- Artificial Intelligence
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today made generally available its new artificial intelligence (AI) solution, Banking Advisor.
Vertex Acquires Artificial Intelligence Tax Capabilities from Ryan, LLC
- 2 years 2 months ago
- Artificial Intelligence
Vertex, Inc., a global provider of tax technology solutions, announced today the acquisition of tax-specific AI capabilities from Ryan, LLC, an award-winning tax services and software firm, designed to manage the complexity of tax mapping more effectively. Financial terms of the transaction were not disclosed.
Michael Kors First to Debut Shopping Muse, the AI-Powered Shopping Assistant From Dynamic Yield by Mastercard
- 2 years 2 months ago
- Artificial Intelligence
Michael Kors and Mastercard are ushering in the future of fashion with the iconic retailer’s adoption of Shopping Muse, the next-generation retail assistant from Dynamic Yield, a Mastercard company. Michael Kors is the first retailer to make Shopping Muse and its advanced generative AI capabilities available to consumers through an integration on its website in the U.S.
Commonwealth Unveils AI's Transformative Potential for Low to Moderate Income Americans
- 2 years 2 months ago
- Artificial Intelligence
Commonwealth released key insights gleaned from a three-year project supported by JPMorgan Chase designed to achieve the promise of artificial intelligence for all by focusing on ensuring that the needs of households earning low to moderate incomes (LMI) are understood and integrated into financial design and implementations.
