Latest Artificial Intelligence News: Finextra Research

Nate founder charged with fraud over 'AI' shopping app secretly powered by humans

The founder of an AI-based tool for automating online shopping checkouts has been charged with defrauding investors over claims that the process was actually carried out by human workers in the Philippines.

11 hours

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Northern Trust: 21% of private market investors allocate to crypto and digital assets

In a global survey of 180 institutional plans with investment portfolios ranging from $1 billion to over $500 billion, Northern Trust gathered responses from senior leaders at pension funds, outsourced chief financial officers and multi-managers, family offices, sovereign wealth funds, endowments, and other institutions across the Americas, Emea and Apac.

11 April 2025

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Tackling fraud: Learn how to build smarter defences at NextGen Nordics

As real-time payments gain momentum, financial institutions are faced with attempting to deliver seamless digital payment experiences while also mitigating against sophisticated fraudsters. This year’s NextGen Nordics event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will spotlight how the industry is redefining fraud prevention in the era of instant payments.

11 April 2025

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Anthropic hires former Stripe exec Guillaume Princen to lead European expansion

AI coding platform Anthropic has hired Guillaume Princen, the architect behind Stripe's European operations, as head of Emea, as the firm prepares to hire 100 new staff for a push into Europe.

10 April 2025

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Lloyds Banking Group accelerates AI development with Google Cloud

Lloyds Banking Group is building a new machine learning (ML) and Generative AI (GenAI) platform using Google Cloud’s Vertex AI.

10 April 2025

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BofE eyes AI's risk to financial stability

As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England's Financial Policy Committee warns.

10 April 2025

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BofA staffers embrace AI virtual assistant

Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.

08 April 2025

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Hawk raises $56m for AI-powered fraud prevention

AI-powered anti-money laundering, screening and fraud prevention outfit Hawk has raised $56 million in a Series C funding round led by One Peak.

08 April 2025

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AI comes to the C-Suite: Standard Chartered appoints AI enablement chief

Standard Charted has appointed former Monetary Authority of Singapore executive David Hardoon as global head of artificial intelligence enablement.

08 April 2025

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Revolut automates recruitment: The AI will interview shortly

Revolut has embedded an AI into its People platform that conducts interviews with job candidates and summarises the performance of all appointees.

07 April 2025

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Juspay raises $60 million

Payment orchestration platform Juspay has secured $60 million as part of its Series D funding round.

07 April 2025

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Metro Bank launches AI scam detection tool

Metro Bank is using technology from AI firm Ask Silver to enable customers to instantly check whether they are at risk of a scam by spotting fraudulent communications.

07 April 2025

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