Tag: AI


Digital challenger Bunq wins “landmark” case against Dutch Central Bank

October 18, 2022

Via: FinTech Futures

The firm took the regulator to court earlier this year to challenge what it calls the DNB’s “antiquated and ineffective” AML strategy. “Where DNB insisted on using one-sided reporting from account holders – a system resting squarely on the honesty […]

Capital and Risk, Operational, Trading

JP Morgan partners AI/ML platform Cleareye to digitise trade finance operations

September 22, 2022

Via: FinTech Futures

The new “global strategic alliance” will see Cleareye work with JP Morgan’s Trade and Working Capital Group, leveraging the former’s digital solution ClearTrade to simplify the due diligence processing associated with trade finance transactions and related physical documents. Over the […]

Capital and Risk, Operational

What AI can do for Crypto Trading

June 6, 2022

Via: TechBullion

The announcement by Fidelity that it will provide 401K asset management services for Bitcoin is just the latest sign of crypto becoming a mainstream asset. Now, the question for investors is how to approach this immature and extremely volatile market. […]


FinTech Futures Jobs: Your fintech job might change in the future

May 20, 2022

Via: FinTech Futures

In 2021, The Financial Times sampled companies’ “Flexibility Factor”, a measure of the extent to which businesses are allowing employees to decide where they work once pandemic conditions ease, and established some broad trends. In no real surprise, tech firms […]


Mastercard using AI, open banking to manage faster payments risk

April 12, 2022

Via: American Banker

Up to one out of every 50 ACH transfers fail, an issue that Mastercard contends can be addressed through a mix of new data-sharing techniques and machine learning. “With ACH payments there’s a latency in how they are processed; it […]

Capital and Risk, Operational

CBI: Collaborative open finance ecosystems for a market success story

December 13, 2021

Via: FinTech Futures

Therefore, incumbent and new PSPs have started offering financial services to a variety of stakeholders, including public governments, corporate and retail customers, with the aim to maximise the opportunities stemming from advanced technologies. These include, among the others, application programming […]

Capital and Risk, Operational

What it takes to fight financial crime with AI

October 25, 2021

Via: FinTech Futures

A PwC report found that almost half – 47% – of companies surveyed experienced fraud in the past two years. That comes with a huge price tag: a total of $42 billion. And financial fraud seems to have only gotten […]

Activity, Capital and Risk, Operational, Retail Banking

Reimagining customer experience in financial services

August 17, 2021

Via: FinTech Futures

Many financial institutes are hundreds of years old, and with that comes legacy systems and ingrained cultures that aren’t easy to change. Yet, as customer expectations shifted, banks and financial services companies had to totally rethink how they serve customers […]

Capital and Risk, Operational

Fintechs will be at the heart of the next wave of security wars

July 27, 2021

Via: FinTech Futures

Today, UK fintechs make up 10% of global market share, are collectively worth more than £11 billion in annual revenue, and earned more investment than the next five biggest European countries combined. Seeking to capitalise on this staggering growth, the […]

Capital and Risk, Trading

An era of digital trade

May 4, 2021

Via: FinTech Futures

Digital innovation is changing the way that global trade is transacted, by delivering new capabilities that facilitate optimised, efficient processes and more frictionless trade. Technology has already enabled micro, small and medium-sized enterprises (MSMEs) across the globe to identify counterparties […]

Capital and Risk, Operational

Learning to safeguard vulnerable customers in a digital world

February 19, 2021

Via: FinTech Futures

This is a sizeable figure and one that could grow if the economic impact of COVID-19 worsens. According to one BBC report, two million people deferred repayments on credit cards and loans at the height of the pandemic in spring […]

Retail Banking

US challenger Bella plans launch around conversational banking

October 30, 2020

Via: FinTech Futures

The entrant wants to offer coordinated checking and savings accounts. Like many up and coming new banks in the US, it offers no maintenance fees, and no minimum balance requirements. Its unique offering is a “karma account” through which users […]

Channels, Retail Banking

Mastercard targets touchless economy

August 28, 2020

Via: Finextra

The payments giant is working with AI and computer vision technology partner Accel Robotics on its Shop Anywhere platform, which promises to improve the speed of the shopper journey by eliminating points of friction through robust inventory and participating shopper […]

Capital and Risk, Operational

Visa unveils AI-based credit application fraud prevention tool

June 22, 2020

Via: Finextra

The Advanced Identity Score combines AI and predictive machine learning capabilities with application and identity-related data to generate a risk score for new account applications. This, says the payments giant, helps reduce fraud, prevent hits to brand loyalty and trust, […]

Retail Banking

Visa partners with Clinc to offer clients conversational AI

March 5, 2020

Via: Banking Technology

The firm will serve the banks, credit unions and financial institutions which use Visa’s application programme interfaces (APIs) with voice-powered capabilities such as fund transfers, bill payments and opening a new credit card. The Michigan-based firm, which launched its first […]

Activity, Trading

An AI winter for chip stocks and an America First Tax are Saxo Bank’s ‘Outrageous Predictions’ for 2020

December 3, 2019

Via: Market Watch

Try to imagine a market scenario where chip stocks hit a wall and tumble 50%, or the fallout as President Donald Trump slaps a tax on foreign earnings of American companies. Outrageous you say? Welcome to Saxo Bank’s annual rite […]

Retail Banking

Bank of Georgia launches AI-powered personal finance tool

November 14, 2019

Via: Banking Technology

MBank, underpinned by technology company Strands, will feature smart personal finance management to help users track their spending and categorise their finances, income, and expenses. “Putting personal finance management at the heart of digital banking gives way to smart, personalised […]

Channels, Retail Banking

Bank of America unveils new mobile banking app with loan applications built in

October 29, 2019

Via: Banking Technology

The facelift means customers can submit applications for a credit cards, auto loans and home loans through the app, as well as giving them access to credit card debt reduction insights, which will be available from next year, and them […]


Trade flows in US fixed income driven by analytics, algos and AI – report

September 18, 2019

Via: Finextra

All of the 2019 Greenwich Leaders in U.S. Fixed Income have continued investing in their electronic offerings with the features and capabilities required to meet those changing needs and attract institutional trading volumes. In Overall U.S. Fixed–Income Market Share, Citi […]


Personetics brings AI to small business banking

May 15, 2019

Via: Finextra

The Personetics solution is designed to help small businesses proactively manage their day-to-day banking needs, optimize cashflow and ensure they have enough liquidity to support future growth. Integrated into the bank’s online and mobile experience, the solution enables business owners […]