Clinc goes global, partners with Isbank to offer conversational AI
Conversational AI innovator Clinc has partnered with Isbank, the largest private bank in Turkey, which will deploy Clinc’s technology within its two mobile banking apps.
Artificial Intelligence/AI
BondIT closes $14m in funding
Advisory tools tech company BondIT landed $14 million in funding from China-based Fosun Group.
Personetics leverages AI to help chip away at student loan crisis
Cognitive analytics company Personetics has launched Personetics Act to offer banks a way to help customers repay their student loans ahead of schedule.
What adds up to $95 billion? Q3 for Google, Microsoft and Amazon
$43.7 billion for Amazon, $27.7 billion for Google and $24.5 billion for Microsoft. And it hasn’t even hit the Christmas sales period yet.
Persado unveils Persado One; lands $30m credit facility from Silicon Valley Bank
Artificial intelligence (AI)-generated marketing campaign company Persado has unveiled a new product, along with a fresh $30 million credit facility to fuel further expansion.
Top fintech stories this week – 27 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Teradata Partners Conference 2017: architecture and morality in AI
The question of the morality of artificial intelligence (AI) was one of the hot topics discussed at an event run by US-based Teradata. At day four (25 October) of the Teradata Partners Conference 2017 (22-26 October), in Anaheim, California, Banking Technology pulled up a chair and listened to the thoughts of the great and their livelihoods. To get […]
The changing face of financial crime compliance
Paul Taylor of Swift’s Financial Crime Compliance Services Division discusses the evolving compliance landscape and the critical role of technology in helping the industry come together as a whole to combat financial crime.
Insurtech Haven Life introduces Facebook chatbot
Haven Life, a US life insurance start-up, is now offering an alternative way to buy life insurance online through its Facebook chatbot.
Fintech funding round-up: 25 October 2017
More of the latest stories from the fintech funding world. Features Verrency, Countingup, Finn.ai and Bud.
Teradata Partners Conference 2017: the critical art of AI thinking
Data quality and critical thinking are imperative for the advance of artificial intelligence (AI), according to expert views from an event hosted by US-based Teradata. At day three (24 October) of the Teradata Partners Conference 2017 (22-26 October), in Anaheim, California, Banking Technology was there to gauge the zeitgeist in our data-drenched world. As a […]
Clinc teams with Enacomm to bring AI chatbots to small banks and credit unions
Artificial intelligence (AI) fintech start-up Clinc is making its chatbot Finie more widely available through a new partnership with Enacomm.
Teradata Partners Conference 2017: not vexed on the edge of next
On the brink of tomorrow, US-based Teradata believes it’s in the right place to get ready for the future with its new range of data products and artificial intelligence (AI) inspired vision. At day two (23 October) of the Teradata Partners Conference 2017 (22-26 October), in Anaheim, California, attended by Banking Technology; the firm showed […]
“World’s first” full-featured virtual banking assistant on Facebook Messenger launched by ATB Financial
Canada’s ATB Financial says it has launched “the world’s first full-featured virtual banking assistant on Facebook Messenger” to the bank’s nearly 700,000 personal banking customers.
Teradata launches Agile Analytics Factory
US-based Teradata has unveiled Agile Analytics Factory – a programme providing data science and analytics expertise as a service. The launch coincides with its Teradata Partners Conference 2017 (22-26 October), attended by Banking Technology and held in Anaheim, California. At the same time, Teradata has released a new data analytics platform and revealed Danske Bank’s […]
Danske Bank turns to Teradata for AI-powered fraud detection
Copenhagen-based Danske Bank has gone public on its deal with Think Big Analytics, the consulting arm of Teradata, to create and launch an artificial intelligence (AI) driven fraud detection platform. The announcement is all timed sweetly to be part of the Teradata Partners Conference 2017 (22-26 October), attended by Banking Technology and held in Anaheim, […]
Teradata targets AWS and Azure with new data analytics platform
US-based Teradata has got Amazon Web Services (AWS) and Azure in its sights with the launch of Teradata Analytics Platform, offering a choice of analytic engines to get round the issue of siloes. Oliver Ratzesberger, EVP and chief product officer at Teradata, says: “Many different users have many different analytic needs and this dynamic causes […]
Sibos 2017: treasurers look to tech to untangle knots
Untangling the “knots” at global treasuries, especially with regard to bank maintenance issues around know your customer (KYC) and other compliance activities, was the theme of a corporate treasury session yesterday (18 October) at Sibos.
Diebold Nixdorf IMS Conference 2017: shaping the future of retail banking
Last week (12 October 2017) was Diebold Nixdorf’s latest seminar at the Okura Hotel in Amsterdam. Accompanied by representatives from ING, Franz Informatik and Forrester. The first conference of the morning focused on shaping the future of banking.
Pelican unveils “innovation hub” fintech partnership model for banks
Pelican, a provider of artificial intelligence (AI) powered payments and financial crime compliance solutions for banks and corporates, has launched its Pelican Innovation Hub. The hub is not one in the traditional sense – i.e. a place for start-ups to turn up wearing jeans and get all creative. Pelican’s version is a partnership model as […]
Innovation hubs – where do you begin?
Discussing the strategies banks can adopt to choose the right innovation partners.
EastNets unveils real-time fraud detection solution
EastNets has launched its en.SafeWatch PaymentGuard (en.SWPG) at Sibos, a real-time fraud detection solution for Swift payments. The company says en.SWPG is a new artificial intelligence (AI)-powered solution, that can sort out “genuine transactions from suspicious ones and reduces the number of false positives”. Hazem Mulhim, CEO, EastNets, says it “recognises the mounting salience of […]
Sibos 2017: social media – identity capitalism
“Our social and business communications are edited by tech,” Vladan Joler, director of Share Foundation, stated at the Sibos Innotribe panel, How does Facebook know you better than you know yourself?.
Sibos 2017 opening plenary: data is the new battleground
Welcome to Sibos 2017 in Toronto – bringing together 8,000+ delegates from 150 countries. And this year we have a new (or the vintage new?) theme: data. Not the “big data” though (that everyone was talking about a few Sibos conferences ago), but just data.
Artificial intelligence: the shape of things to come
Many financial services industry firms are examining the potential of distributed ledger and artificial intelligence (AI) technologies. Is it too early for any meaningful deployment?
NEFCU launches Google Home banking app with Conversation.one
Nassau Educators Federal Credit Union (NEFCU), a 200,000-member institution in Long Island, US, has launched its Google Home Action and Google Assistant app. The solution is based on the Conversation.one platform.
Microsoft and AWS buddy up to democratise machine learning
Microsoft and Amazon Web Services (AWS) have teamed up to launch an open-source, deep learning library called Gluon which will make machine learning (ML) more accessible to a wider range of developers, reports Telecoms.com (Banking Technology’s sister publication). That will be the key to winning the machine learning race. Not making the most complex and […]
Ten questions for, and about, AI
I have had it with the stream of articles about what artificial intelligence (AI) can do. Yes, machine learning works. It is possible to analyse key words, correlate them with other key words, do a massive amount of statistics, and find out some stuff. People cannot do that and computers can. Is this AI?
Top fintech stories this week – 13 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Innovate Finance contest calls for fintech start-ups
Innovate Finance, a UK-based fintech membership association, is seeking start-ups for its latest Pitch360 competition.
Deutsche Bank jumps on IBM Watson for Germanic AI ambitions
Wunderbar! Deutsche Bank has completed internal proofs of concepts (PoCs) with IBM for the deployment of an artificial intelligence (AI) powered Watson cognitive system in the German language. The system will be used in the bank’s Artificial Intelligence Client Communication Centre (AI-C³), and Deutsche Bank says it will use Watson for the development of a […]
Alibaba sets aside $15bn R&D war chest to be a world beater
How do you try and become one of the biggest and most influential technology companies in the world? Just move the $15 billion you have stashed away into the R&D business.
The modern trade landscape: banks and digitalisation
Innovative technologies are increasingly sparking enhancements to trade processes. BNY Mellon Treasury Services’ Dominic Broom, global head of trade business development, and Joon Kim, head of global trade product, discuss how the industry – with banks at the helm – can drive forward new capabilities and help to support trade growth through digitalisation.
Dell putting its company muscle behind new IoT strategy
Dell Technologies is looking to leverage the various parts of the company into a new internet of things (IoT) strategy that focuses on the edge of the network, hyperconverged infrastructure at the middle, cloud computing in the data centre, as well as the end points picking up all the data.
Microsoft Ventures seeks AI-merican Idol
Microsoft Ventures has partnered with Madrona Venture Group to launch their Innovate.AI global start-up competition as they seek out machine learning and artificial intelligence (AI) firms. Madrona says the convergence of cloud computing, specialised chips for machine learning and new advances in algorithms has created a “unique opportunity for start-ups to build high value intelligent […]
La Caisse and Desjardins Group launch fintech and AI in finance fund
Canada’s La Caisse de dépôt et placement du Québec and Desjardins Group have set up an investment fund dedicated solely to the fintech sector and to artificial intelligence (AI) applied to finance.
IBM combining data science and AI for analytics advance
IBM is looking to offer big data number crunchers and data scientists a way to add more machine learning and deep learning technology into the analytics process by combining two of the company’s platforms developed specifically for artificial intelligence (AI) and scientific research. Enterprise Cloud News (Banking Technology’s sister publication) reports that two IBM executives, […]
It’s official – Siri is a simpleton
It is true, but might be a bit mean to single out the iLeader, as researchers have put various artificial intelligence (AI) programmes to the test, figuring out what the IQ of each one is.
Around Fintech in 8 Hours – new online course launched by CFTE
Centre for Finance, Technology and Entrepreneurship (CFTE) has launched a fintech foundation course – Around Fintech in 8 Hours – “designed to give professionals working in the finance industry a solid understanding of how technology is redefining the provision of financial services”.
Innovate Finance contest calls for fintech start-ups
Innovate Finance, a UK-based fintech membership association, is seeking start-ups for its latest Pitch360 competition. The contest is open to any start-up in the following sectors: Distributed ledger technology (DLT) Financial inclusion Cybersecurity Cross-border payments Peer-to-peer and alternative funding Regtech Personal finance management and robo-advice Artificial intelligence (AI) and machine learning Sandboxes The winner will […]
