The Shenzhen representative office of the China Securities Regulatory Commission has issued Tencent a mutual investment fund license, opening the door for the WeChat messenger owner to sell shares directly …
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Bank BGZ BNP Paribas leading the way with fintech and startups
Bank BGZ BNP Paribas is leading the way in working with fintech innovations and startups in Poland. Bank BGZ BNP Paribas believes that banks and fintech should go hand-in-hand in …
Read More »Banks must embrace fintech to survive
Speaking at a fintech conference in Tel Aviv, Tamar Yassur, head of digital banking at Bank Leumi (Israel’s second largest bank), stated that banks must become active in the world …
Read More »Poland’s Alior Bank adopts ‘Digital Disruptor’ strategy through 2020
Poland’s Alior Bank has adopted the ‘Digital Disrupter’ strategy through 2020. As part of this strategy, the bank intends to increase cooperation with fintech companies, especially in terms of getting …
Read More »Sberbank’s new platform pushes bank into becoming technology company
Sberbank adopted a forward-thinking approach to creating its new, flexible platform, and the bank has decided to open access to elements of its platform through an API as well as …
Read More »Alfa-Bank leading Belarus into a fintech future
Andrey Kosach, top manager and board member of Belarus’s Alfa-Bank, has observed that fintech in Belarus has been gaining traction in recent years and believes that this momentum will continue. …
Read More »Payments via instant messengers to be allowed in the U.K.
The United Kingdom has passed new rules, called Open Banking rules, that will force large banks to implement APIs in order to standardize safe access to customer data. The effect …
Read More »Using artificial intelligence to combat criminality in the financial system
With billions being spent to detect, report and investigate banking transactions that might be connected to illegal activities, many are examining how machine learning and artificial intelligence could reduce costs …
Read More »Artificial intelligence and machine learning in Russian banks
Artificial intelligence and machine learning have taken a significant step forward in usage in Russian banks. Here are ways Russian banks are taking advantage of this new technology: Sberbank has …
Read More »Finding the brains behind artificial intelligence
As financial institutions seek to introduce artificial intelligence solutions, they need to find qualified specialists capable of completing this work. Large financial institutions are creating teams of strong mathematicians and …
Read More »The human cost of artificial intelligence
As artificial intelligence becomes one of the most popular buzzwords circulating in tech and business circles, one thing is frequently overlooked — the human cost. Although artificial intelligence is expected …
Read More »Bank of Scotland pilots virtual agent via iPhone app
Bank of Scotland, a subsidiary of Lloyds Banking Group, has launched a pilot artificial intelligence project – a virtual agent for 50,000 customers that use the Bank’s iPhone app. The …
Read More »Five key areas for the use of artificial intelligence
Herman Gref, head of Sberbank, outlined five key areas for the use of artificial intelligence while speaking at the ‘Open Innovations’ forum: Customer-interaction bots — as artificial intelligence learns, it …
Read More »New technologies will reduce bank workforce by 30%
Vikram Pandit, former head of Citigroup financial corporation, believes that, in the next five years, automation, artificial intelligence and machine learning are expected to significantly reduce the need for human …
Read More »Nordea Bank introduces artificial intelligence
Swedish commercial bank Nordea has engaged Estonian startup Feelingstream to develop and test artificial intelligence that is capable of analyzing customer text messages and distributing them to the appropriate sections …
Read More »Artificial intelligence to help in fight against money laundering
HSBC Bank, one of the largest in the world, has engaged an American artificial intelligence startup, Ayasdi, to develop technology to automate banking investigations into money laundering. Once developed, the …
Read More »Sberbank and Alfa-Bank make first Russian bank transfer using blockchain technology
Sberbank and Alfa-Bank have made the first banking payment transaction in Russia using blockchain technology. On November 28, 2017, Megafon transferred RUB 1 million from an account with Alfa-Bank to …
Read More »British “neobank” Revolut expands to include cryptocurrencies
British company Revolut is working to ensure that its customer can buy and store cryptocurrencies in their accounts. The company was initially created to allow customers to easily exchange traditional …
Read More »Blockchain citizenship registration begins in Zug, Switzerland
Uport, a self-sovereign identity and user-centric data platform on the Ethereum blockchain, has made its platform available to the citizens of Zug, Switzerland. Registration on the blockchain, which requires verification …
Read More »Air New Zealand exploring potential blockchain uses
Air New Zealand has partnered with Swiss startup Winding Tree to explore blockchain technology for a number of potential uses, including retail airfares, cargo and baggage tracking, securing information and …
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