Tag : financial institutions

Google Cloud Launches AI-Powered AML Product for Financial Institutions
Artificial Intelligence News

Google Cloud Launches AI-Powered Anti Money Laundering Product for Financial Institutions

PR Newswire
HSBC found AML AI identified 2-4x more suspicious activity, while reducing alert volumes by more than 60%  Google Cloud announced the launch of Anti Money Laundering AI (AML AI), an artificial intelligence (AI)-powered product designed to help global financial institutions more effectively and efficiently detect money laundering. Money laundering is a......
Integris Creates Separate Division Servicing Community Banks, Financial Institutions Following Merger with CalTech
Banking Finance News

Integris Creates Separate Division Servicing Community Banks, Financial Institutions Following Merger with CalTech

PR Newswire
This month, national IT Managed Service Provider, Integris, launched a new division specializing in servicing financial institutions. The Integris Financial Institution Division (Integris FID) will provide focused IT expertise for community banks, credit unions and other financial institutions who require teams dedicated to meeting increasing demands and protecting their systems.......
Major Financial Institutions Back Specialist Investor, Illuminate Financial, in New $235 Million Venture Fund
Investment Services News

Major Financial Institutions Back Specialist Investor, Illuminate Financial, in New $235 Million Venture Fund

PR Newswire
BNY Mellon, Euroclear join existing strategic investors J.P Morgan, S&P Global, Jefferies, Deutsche Börse Group, Barclays, Citi and SGX in the final close of Illuminate’s third fund Illuminate Financial, a financial services-focused venture firm, has closed its third fund, a $235 million fund to invest in early-stage businesses solving problems for financial......
Journey.ai and Tradition Capital Bank Partner to Redefine Cybersecurity and Digital Transformation
News Security

Journey.ai and Tradition Capital Bank Partner to Redefine Cybersecurity and Digital Transformation

PR Newswire
Creates Blueprint for How Financial Institutions Can Significantly Strengthen the Security and Privacy of Customer Interactions While Also Dramatically Improving CX Journey.ai, Inc, a groundbreaking cybersecurity software business, has joined forces with Tradition Capital Bank, a leading community bank headquartered in Edina, Minnesota. This strategic partnership signifies a pivotal moment in the......
Brazilian Financial Institutions Can Thwart Rising Fraud Attempts with Innovative Biometric Solutions
Fintech News

Brazilian Financial Institutions Can Thwart Rising Fraud Attempts with Innovative Biometric Solutions

GlobeNewswire
Leading Global Biometric Authentication Company, Aware, to Showcase Scalable, User-Friendly and Fraud-Resistant Solutions for Brazilian Banks and FinTech’s at Febraban Tech 2023 In recent years, Latin America has been digitizing their financial services sector faster than anywhere else across the globe. However, as a result, the region has also experienced a corresponding......
EDX Markets Begins Trading and Completes New Funding Round
Digital Asset Management News Trading

EDX Markets Begins Trading and Completes New Funding Round

Business Wire
EDX to launch new clearinghouse business later this year to provide members with the most competitive and capital efficient market through a single settlement process EDX Markets (EDX), the first-of-its-kind digital asset marketplace designed to enable safe and compliant trading of digital assets through trusted intermediaries, announced the successful launch......
Accenture Invests in Parfin to Build Responsible, Compliant Web3 Infrastructure for Financial Institutions
Digital Asset Management Investment Services News

Accenture Invests in Parfin to Build Responsible, Compliant Web3 Infrastructure for Financial Institutions

Business Wire
Brazilian company is first Accenture Ventures “Project Spotlight” investment in Latin America Accenture has made a strategic investment through Accenture Ventures in Parfin, a leading provider of responsible, compliant Web3 infrastructure services to financial institutions in Latin America. Founded in 2019, with headquarters in London and Rio de Janeiro, Parfin offers digital asset......
ACI Readies European Banks and Merchants for Instant Payments
Digital Payments News

ACI Readies European Banks and Merchants for Instant Payments

Fintech News Desk
Banks across Europe are working to comply with the proposed EC Mandate on Instant Payments, with just 12 months to comply from when the Mandate is confirmed ACI enables European banks to connect to their domestic instant payments scheme or to pan-European schemes TIPS and RT1 through its market-leading ACI......
CFPB Issue Spotlight Analyzes "Artificial Intelligence" Chatbots in Banking
Artificial Intelligence Consumer protection laws News

CFPB Issue Spotlight Analyzes “Artificial Intelligence” Chatbots in Banking

Fintech News Desk
Poorly deployed chatbots can impede customers from resolving problems The Consumer Financial Protection Bureau (CFPB) released a new issue spotlight on the expansive adoption and use of chatbots by financial institutions. Chatbots are intended to simulate human-like responses using computer programming and help institutions reduce the costs of customer service agents.......
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