Temenos launches Data Lake to fuel next-generation AI-driven banking applications
- 5 years 7 months ago
- Artificial Intelligence, Banking
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.
Tinkoff Group builds the most powerful supercomputer among financial institutions for AI applications
- 5 years 7 months ago
- Artificial Intelligence, Banking, IT Innovations
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.
AI IS THE NEXT TECHNOLOGICAL REVOLUTION, BUT FINANCIAL SERVICE INFRASTRUCTURE ISN’T PREPARED FOR THE SURGE
- 5 years 8 months ago
- Artificial Intelligence, Infrastructure
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.
Leading Brazilian healthcare company uses AI to forecast demand
- 5 years 8 months ago
- Artificial Intelligence
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.
Pelican expands pan-European Open Banking API interoperability
- 5 years 8 months ago
- Artificial Intelligence, Payments
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.
Capgemini research: AI implementation progress in the automotive sector
- 5 years 8 months ago
- Artificial Intelligence
A new study from the Capgemini Research Institute has found that just 10 percent of major automotive companies are implementing artificial intelligenc
Meet the minds at the forefront of travel tech at Arabian Travel Market
- 5 years 8 months ago
- Artificial Intelligence, Infrastructure
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.
Oracle Adds AI Smarts to Increase Oracle ERP Cloud’s Market Lead
- 5 years 8 months ago
- Artificial Intelligence, Cloud
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.
Massive Analytic wins DASA Competition to help win the Invisible Battlespace
- 5 years 8 months ago
- Artificial Intelligence
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) op
Using advanced AI to stay ahead of cybercriminals
- 5 years 8 months ago
- Artificial Intelligence, Security
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
Secutech 2019 to pinpoint real-world business applications through six ‘smart solution pavilions’
- 5 years 8 months ago
- Artificial Intelligence, Security
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.
Velocity & B-Hive partnership links Fintech hubs in pan-European collaboration
- 5 years 8 months ago
- Artificial Intelligence, Infrastructure
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
Finastra to power core retail banking at Al Taif Islamic Bank
- 5 years 8 months ago
- Artificial Intelligence, Islamic Finance, Infrastructure
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.
New research from MMC Ventures identifies ‘the age of the AI entrepreneur’ – as one in 12 new European startups is an AI company
- 5 years 8 months ago
- Artificial Intelligence, Infrastructure
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.
Bigger than splitting the atom: how the rise of AI has already begun
- 5 years 8 months ago
- Artificial Intelligence
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
