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Latest Results from /ai

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EBA warns of money laundering risk in fintech sector

The ongoing digitalisation of financial services has increased the risk of money laundering (ML) and terrorist financing (TF), according to the European Banking Authority (EBA).

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Atom Bank restructures tech leadership team

UK-based Atom Bank has announced a series of changes to its technology senior leadership team, including a chief of staff and a new AI and data science team.

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RBC taps proprietary AI model for credit decisions

Royal Bank of Canada is using its own proprietary AI foundation model to improve credit adjudication capabilities and loyalty programme personalisation.

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Ramp closes second raise in 45 days as AI fuels growth

Less than two months after raising $200 million at a $16 billion valuation, Ramp has pulled in another $500 million in a round that values the expense management startup at $22.5 billion.

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Standard Chartered signs AI deal with Alibaba

Standard Chartered has signed an AI and cloud deal with Albibaba Group.

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Trovata buys treasury management system Atom

Cash and liquidity management platform Trovata has acquired treasury management system (TMS) Atom and secured $9 million in investment.

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No AI? No exit, says investment bank Artis Partners

Fintechs that fail to embed AI into their operating model will find it increasingly difficult to orchestrate an exit, according to investment bank and tech advisory firm Artis Partners.

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FS firms turn to agentic AI for compliance operations

The majority of global financial institutions are actively implementing agentic AI in order to improve their compliance operations, according to research from Fenergo.

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PayPal to bring 100 AI and data science jobs to Dublin

PayPal is creating 100 jobs through the creation of an AI and fraud data science centre in Dublin.

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Mastercard launches AI card design platform

Mastercard has launched an AI-based design tool to help issuers create payment cards with the click of a button.

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Lightyear eyes AI opportunity on $28 million fund raise

Investment firm Lightyear has closed a $23 million Series B funding round as it eyes opportunities to bring artificial intelligence to it platform.

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Sam Altman fears AI-enabled fraud crisis

OpenAI CEO Sam Altman says it "terrifies" him that banks still use voice-based authentication methods in an era when the AI that he has helped bring into the mainstream can trick such technology.