AI Causes Cost Shift From Operations to Tech and Data; 63% of Decision-makers in Financial Services Firms Believe AI Will Increase the Cost of Data in Their Organization
- 11 months 3 weeks ago
- Artificial Intelligence
Nearly two-thirds (63%) of decision-makers employed by financial services firms said that AI would be likely to result in an increase in the cost of data within their organisation. This figure rises to 69% among firms in the UK; and 73% among asset owners more widely.
GFT Teams Up with Google Cloud to Launch ‘GenAI Intelligent Assistant’
- 11 months 4 weeks ago
- Artificial Intelligence
Projections show that the global AI adoption rate could grow as much as 40% between 2023 and 2030. This anticipated growth is a fitting context for the announcement of an innovative offering that sees Google Cloud’s Industry Value Networks and GFT combine efforts, along with independent software vendors (ISVs), to bring forward a new GenAI Intelligent Assistant for banks to support their customer service.
Zscaler Finds Enterprise Use of AI/ML Tools Skyrocketed Nearly 600% Over the Last Year, Putting Enterprises at Risk
- 12 months 4 days ago
- Artificial Intelligence
Zscaler, Inc., the leader in cloud security, today announced the release of its 2024 AI Security Report, which draws on more than 18 billion AI transactions across the Zscaler Zero Trust Exchange™ cloud security platform from April 2023 to January 2024. Zscaler ThreatLabz researchers analyzed how enterprises use AI/ML tools and mapped trends across sectors and geographies, highlighting how businesses are adapting to the shifting AI landscape and... more
Profile Software Launches the New AI Solution AI.Adaptive
- 1 year 3 weeks ago
- Artificial Intelligence
Profile, a leading international financial solutions provider, announces the launch of its pioneering AI.Adaptive solution and incorporates the cutting-edge technology introduced by Artificial Intelligence, revolutionising the digital landscape. The solution, enhanced by the capabilities of OpenAI, adopts an LLM-agnostic strategy, enabling the direct and flexible interaction with Profile’s Axia Suite, Finuevo Suite, Acumen.plus, Centevo Suite,... more
Justpaid, Ai-powered Finance Startup, Announces New Financial Chatbot Capabilities
- 1 year 3 weeks ago
- Artificial Intelligence
JustPaid, the AI-powered FinTech company, has just announced new capabilities for its conversational AI financial chatbot. The chatbot is being enhanced to provide more tailored and dynamic insights for users based on their specific financial needs and feedback.
G2 Risk Solutions and Mastercard Combine AI and Merchant Insights for Superior Transaction Laundering Detection
- 1 year 3 weeks ago
- Artificial Intelligence, AML and KYC
G2 Risk Solutions (G2RS), the leading provider of merchant risk intelligence for the global payments industry, is partnering with Mastercard to provide merchant acquirers with a more streamlined experience to help them reduce transaction fraud.
Fusion Risk Management Announces General Availability of Generative AI-Powered Assistant
- 1 year 1 month ago
- Artificial Intelligence, Risk Management
Fusion Risk Management, Inc. ("Fusion"), a leading provider of cloud-based operational resilience, business continuity, and risk management solutions, has announced general availability of its AI-powered assistant Fusion Resilience Copilot™ following a successful global beta program. Resilience Copilot™ is pre-configured to answer critical questions at the click of a button, providing insights and recommendations.
FWD Group Partners with Microsoft to Shape the Future of AI-driven Insurance Experiences
- 1 year 1 month ago
- Artificial Intelligence, Insurtech
FWD Group Holdings Limited today announced it is extending its partnership with Microsoft with a four-year agreement to provide access to the latest generative artificial intelligence (AI) innovations while continuing to support FWD’s cloud-first technology strategy.
KPMG UK and Blue J Expand Strategic Alliance to Introduce Generative AI Into Tax Tools
- 1 year 1 month ago
- Artificial Intelligence, Tax Authorities
KPMG UK and Blue J announced today that they will launch a new generative AI-powered product to answer challenging tax research questions in seconds. KPMG will have exclusive access to the tool, Ask Blue J, among the big four accountancy firms in the UK for the first three years.
Finastra’s Filogix Unveils Automated Lender Note Capabilities, Powered by Gen AI
- 1 year 1 month ago
- Artificial Intelligence, Lending
Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation of borrower narratives (notes) that aids in lender underwriting – streamlining processes, saving time and minimizing errors for brokers.
Plum’s PolicyGPT Sees Threefold Adoption; with 68% of Queries Now Being Handled Autonomously
- 1 year 1 month ago
- Artificial Intelligence, Insurtech
Plum, India’s leading insurtech platform offering group health insurance and business insurance solutions to over 3500+ corporations, has shared a report card of its proprietary PolicyGPT tool which was launched in April 2023.
Wolters Kluwer Analysis Shows U.S. Lenders Who Embrace Digital to be Better Positioned
- 1 year 1 month ago
- Artificial Intelligence, Lending
As the market watches for an anticipated drop in U.S.
Fintech Firm Revenir AI Pioneers Hassle-free Mobile VAT Reclaim for Travellers
- 1 year 1 month ago
- Artificial Intelligence, Tax Authorities
UK travelers will soon be able to claim back VAT on purchases made abroad automatically using their phones, thanks to a technology developed using AI. Each year more billions in VAT and similar taxes are left unclaimed by UK shoppers in Europe – because typically the recovery procedure is clunky, confusing, and difficult to access.
Ai for Alpha Integrates New Generative Artificial Intelligence into Its Investment Process
- 1 year 1 month ago
- Artificial Intelligence, Asset Management
Ai for Alpha, a leading fintech company specializing in leveraging machine learning for advanced investment strategies, announces the integration of Gen AI into its asset management models.
Revolut Launches AI Feature to Protect Customers from Card Scams and Break the Scammers "Spell"
- 1 year 1 month ago
- Artificial Intelligence, Cybersecurity
Revolut, the UK’s leading fintech with more than 35 million customers worldwide, has today announced the launch of an advanced scam detection feature to help protect customers from card scams. Revolut customers can now experience an added layer of security protection, on top of the technology already in place, to detect APP (Authorised Push Payment) scams, where criminals trick the user to get them to transfer money to another account.
