Artificial Intelligence

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 »

Using advanced AI to stay ahead of cybercriminals

As the threat landscape continues to evolve rapidly, it now includes increasingly sophisticated, zero-day malware that traditional security approaches can no longer keep pace with. As a result, security researchers estimate that the cost of cybercrime will outpace security spend by over 16X, reaching $2.1 trillion by the end of 2019. Staying ahead of today’s accelerated cybercrime trends requires adding artificial intelligence (AI) to an... more Read more »

Secutech 2019 to pinpoint real-world business applications through six ‘smart solution pavilions’

Asia’s security industry is once again beginning to shift its attention towards Taipei, as preparations continue ahead of the 22nd edition of Secutech. As anticipation continues to build, the fair’s organisers have announced details of six pavilions that will allow buyers to easily locate high quality products as well as the most relevant OEM and ODM partners for their businesses.     Read more »

Velocity & B-Hive partnership links Fintech hubs in pan-European collaboration

The IA’s fintech innovation hub and accelerator, Velocity, and Brussels-based fintech ecosystem B-Hive have signed a partnership designed to boost fintech innovation across the asset management industry by promoting pan-European collaboration. The partnership signed by Fabian Vandenreydt, Executive Chairman, B-Hive and Peter Harrison, Chair of the IA Board, signals a commitment to a closer relationship between the two organisations with the aim... more Read more »

Finastra to power core retail banking at Al Taif Islamic Bank

Al Taif Islamic Bank has chosen Fusion Islamic, Finastra’s core banking solution dedicated to the Islamic market, to kick start its retail business. The move will provide the new challenger bank’s customers with a consistent and user-friendly experience in branch and across all digital channels, whilst complying with Shari’ah requirements. Read more »

New research from MMC Ventures identifies ‘the age of the AI entrepreneur’ – as one in 12 new European startups is an AI company

A report released today from venture capital firm MMC Ventures, in association with Barclays, shows that one in 12 new startups in Europe is an AI company – compared with just one in 50 in 2013. The report – State of AI 2019: Divergence – provides unique insight into the proliferation of AI, Europe’s 1,600 AI entrepreneurs, and AI’s implications for society. Read more »

Bigger than splitting the atom: how the rise of AI has already begun

OC&C Strategy Consultants has surveyed 400 C-suite executives and thought leaders across the US and UK, including 80 deep-dive interviews to better understand how AI is shaping business. Key findings Read more »

SingularityNET launches BETA version of its pioneering AI marketplace

  SingularityNET, the pioneering platform for the creation, sharing and monetization of AI services has today announced the launch of its BETA version on the Ethereum blockchain. The launch follows two initial stress testing sessions by the community and volunteers during February. Read more »

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