Microsoft and Alibaba officially have AI that’s smarter than humans
They beat humans using the Stanford Question Answering Dataset – aka SQuAD.
Artificial Intelligence/AI
Is the insurance industry ready for autonomous cars?
Driverless cars; opportunity for the insurance sector or a challenge that could lead to its downfall?
IBM proudly poses at patent peak
Its inventors received a record number of patents in 2017 – marking its 25th consecutive year of US leadership.
AI is on!
Implementation of first uses cases around real-time contextual added-value banking notifications and offers to make their appearance in 2018.
Don’t fear the rise of the robots
With wildly conflicting views from experts on the topic, and given that most of us had our first interaction with artificial intelligence whilst watching The Terminator, it isn’t hugely surprising that there is a fear of the rise of the robots.
“Don’t Fear the InsurTech Start-ups, Fear Other Incumbents”
In 2027, how will the insurance industry have changed?
MIT warns of ransomware in the cloud and weaponised AI
How secure will the cloud be in the coming 12 months?
Top ten fintech opinion pieces in 2017
They thought for you.
A look back at 2017 and ringing in a new year for the payments industry
2017 has been another eventful year for the payments industry. From celebrities like 50 Cent getting involved (more on this later) to businesses neglecting the needs of pretty much every generation bar millennials, there hasn’t been a dull moment.
Virtual branching: how disruptive innovations are changing financial services
The ability to blend artificial intelligence (AI) and human interaction should resonate strongly with financial service organisations due to their need to be highly targeted and responsive. When you provide the right service to a consumer at the right time, you can affect their behaviour and give them the push needed to complete the purchase.
Fintech trends 2017: blockchain, big data… what’s next?
2017 ends with the Bitcoin having surpassed the $19,000 mark. Could this perhaps be a taste of our future?
SBDA Group closes Series A investment round
Banking personalisation firm SBDA landed investment from FinSight Ventures and Digital Space Ventures.
Using artificial intelligence to keep criminal funds out of the financial system
Are you suspicious? This is a key question at the heart of efforts to tackle money laundering: if you work for a bank or other financial institution and have suspicions money laundering is happening, you have a legal duty to speak up.
AI will create 2.3m jobs by 2020 – report
With concerns that AI will make human employment obsolete, research firm Gartner is looking to counter that narrative.
Fortune 500 fuel IBM quantum computing quest
IBM has revealed the first clients to tap into its IBM Q early-access commercial quantum computing systems.
ING cuts bond trading time with AI-powered Katana
The name’s bond. Tamed bond.
Rise of the machines will be monitored
The Financial Stability Board has stated in its first report on AI that the risks they pose need monitoring.
Fintech funding round-up: 11 December 2017
This round-up features WorldRemit, PAIR Finance and an update on Sophia the AI robot and SingularityNET.
Jaywing the Archetype with new AI risk tech launch
Risk and data science firm Jaywing has unveiled Archetype, a new risk technology product that uses artificial intelligence (AI), machine learning and deep neural nets to help lenders generate statistical models.
IBM’s Power9-based AC922 system designed for AI workloads
IBM is ready to start shipping the first commercial server systems built around its recently released Power9 processor. Dubbed the AC922 Power Systems, these servers will ship by the end of December, and are specifically designed for artificial intelligence (AI) workloads.
Fintech funding round-up: 1 December 2017
Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]
The AI arms race might be a bit more dangerous than you think
In the tech world, an arms race usually a metaphor for two companies battling for supremacy, but McAfee thinks it might be a bit more literal for artificial intelligence (AI) as hackers upskill to make use of the breakthrough, reports Telecoms.com (Banking Technology‘s sister publication). As one of its predictions for 2018, security software vendor […]
Intuit selects AWS for machine learning and AI workloads
Business and financial software company Intuit has chosen Amazon Web Services (AWS) as its standard for machine learning (ML) and artificial intelligence (AI) workloads.
Multicloud can lead to management nightmare – survey
As enterprises move to a multicloud universe that combines different public and private clouds, the question now becomes how to manage all these competing platforms as the complexity builds? Enterprise Cloud News (Banking Technology’s sister publication) reports that’s the question at the heart of a study released this week by research firm opinion.life and sponsored […]
Fintech funding round-up: 17 November 2017
Following on from yesterday’s (16 November) fintech funding fun, here’s another summary. Features Flender, Tipigo Ventures, India Accelerator, Kuants, Sumeru and a handy $2 billion in Singapore. Return to Flender. Address known. As reported in May, peer-to-peer lending start-up Flender was seeking to get €1 million in funding and is targeting a UK launch after […]
EyeLock docks with ViaTouch for iris-powered payments
Iris-based biometric authentication specialist EyeLock has signed an agreement with ViaTouch Media that will integrate EyeLock’s technology within ViaTouch’s smart-shelf vending solution, Vicki. David Penn at Finovate (Banking Technology‘s sister company) reports that EyeLock CEO Jim Demitrieus says the agreement was the culmination of years of working with firms from a variety of industries to bring embedded […]
Finastra Universe London 2017: open banking and the rise of AI
Finastra has revealed its focus on the open innovation of smart technologies in banking, alongside artificial intelligence (AI), machine learning/deep learning.
When are we going to look at the human cost of AI?
Another week has passed, and another piece of research has emerged about the potential of artificial intelligence (AI), but the human cost is starting to become a very big elephant, reports Telecoms.com (Banking Technology‘s sister publication). The research itself is from SAS and highlights businesses are becoming normalised to the idea of AI. The concept […]
Blockchain and Bitcoin round-up: 9 November 2017
Whether it’s AI to bridge cryptocurrencies or someone accidentally losing it, something is always going on, whether right or wrong in the world of blockchain and Bitcoin. Our latest round-up features Parity, AiX, R3 and SIA.
Fintech funding round-up: 7 November 2017
Not cash-strapped just backed. Our latest fintech funding round-up features Douugh, Choice Financial, Monzo and Smartkarma. All rise please. Banking (not baking) challenger Douugh has partnered with community bank Choice Financial to launch an integrated checking account and debit card. Choice has also made an investment to “support Douugh’s roadmap”, bringing the company’s total seed funding […]
IBM’s Watson Data Platform focuses on AI
The IBM Watson Data Platform already provides data scientists with the ability to crunch numbers and share large data sets across different public and private clouds. Now the company has its sights set on artificial intelligence (AI), reports Enterprise Cloud News (Banking Technology‘s sister publication). Big Blue has announcing expanded capabilities and tools for the […]
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.
BondIT closes $14m in funding
Advisory tools tech company BondIT landed $14 million in funding from China-based Fosun Group.
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.
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.
Fintech funding round-up: 25 October 2017
More of the latest stories from the fintech funding world. Features Verrency, Countingup, Finn.ai and Bud.
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.
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.
