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Barclays invests in former Rise Academy alumni Velotix

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Barclays invests in former Rise Academy alumni Velotix

AI-based data security platform Velotix has secured funding from Barclays Bank and Capri Ventures.

Mastercard takes GenAI to the Dark Web

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Mastercard takes GenAI to the Dark Web

Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards.

AI should be trained to respect a regulatory 'constitution' says BofE policy maker

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AI should be trained to respect a regulatory 'constitution' says BofE policy maker

Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker.

EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

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EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.

JPMorgan to give AI training to all new hires

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JPMorgan to give AI training to all new hires

JPMorgan is to give AI training to all new employees, as the bank seeks to cement its reputation as an AI powerhouse.

Kudos raises $10.2m for AI-powered smart wallet

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Kudos raises $10.2m for AI-powered smart wallet

Kudos has raised $10.2 million in a Series A funding round led by QED Investors for its AI-powered smart wallet and shopping assistant.

TCF 2024 day 2: ESG, AI, and the market outlook

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TCF 2024 day 2: ESG, AI, and the market outlook

Benjamin Ensor, director of research and strategy at 11:FS, moderated the first panel of the day to look at a market updates. He was joined by Kanika Hope, chief strategy officer, Temenos; Dan Broten, chief technology officer, EQ Bank; and Rob Keijsers, chief digital and information Officer, ASA International.

Nasdaq boosts market surveillance with GenAI

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Nasdaq boosts market surveillance with GenAI

Exchange operator Nasdaq is integrating a GenAI-powered feature into its market surveillance technology.

Bunq makes GenAI assistant fully conversational

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Bunq makes GenAI assistant fully conversational

Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product.

Nine-in-ten Klarna employees now use AI daily

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Nine-in-ten Klarna employees now use AI daily

Billed as a game-changer for productivity, up to 90% off Klarna staff are now using generative AI daily, with non-technical groups such as Communications, Marketing, and Legal seeing adoption rates of 92.6%, 87.9%, and 86.4% respectively.

MPs warn against mass government surveillance of bank accounts

/ai

MPs warn against mass government surveillance of bank accounts

A group of UK MPs has tabled a parliamentary motion calling on the government to remove powers in a new bill that they say would result in the mass surveillance tens of millions of people's bank accounts.

UBS CEO warns of risk from delaying Credit Suisse IT integration

/ai

UBS CEO warns of risk from delaying Credit Suisse IT integration

UBS is aiming for a swift and smooth IT integration with recently acquired Credit Suisse, bringing over only 10% of its former rival's 3000 applications.

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