Tag: AI in Financial Services

Intellect Design Arena, a global leader in enterprise-grade financial technology solutions, has launched its IntellectAI Purple Fabric platform in the US market. The move...

Sanctions compliance has traditionally relied on name-based screening and public watchlists to flag potential threats, but as financial crime tactics evolve, this approach is no longer enough.

New York-based Button Finance, a FinTech company focused on home equity lending, has raised $5m in a Series A funding round to fuel its platform growth and technological expansion.

Designing seamless, secure, and user-friendly experiences in financial technology has always presented unique challenges. But with artificial intelligence (AI) becoming more deeply embedded in the design process, the landscape of FinTech UX/UI is undergoing a major transformation. AI is unlocking smarter, faster, and more tailored experiences for users—while reshaping the very role of the designer.

BNY has completed the implementation of Behavox Quantum, a move set to significantly bolster the financial giant’s compliance monitoring capabilities. The deployment marks a...

Responsible AI encompasses the ethical development and application of artificial intelligence, prioritizing transparency, fairness, and legality across its operations. For the financial sector, this means deploying AI technologies that are not only efficient but also equitable and devoid of biases, ensuring that individual rights are respected throughout their lifecycle.

While the integration of artificial intelligence (AI) in anti-money laundering (AML) processes promises enhanced efficiency, the assumption that AI lacks bias because it isn't...

600 senior compliance leaders from financial services and fintech firms shared insights on AI adoption in financial crime prevention 91% of firms are...

The Financial Conduct Authority (FCA) has been actively working to promote safe and responsible AI adoption in the UK financial sector. Last year, it published its AI Update to encourage outcomes-focused AI models. To further this initiative, the FCA recently launched its AI Lab, a collaborative platform for firms, stakeholders, and regulators to discuss AI use cases, share insights, and foster innovation while ensuring compliance.

Sedric AI, a leading innovator in AI-driven compliance solutions for financial institutions, announced today that it has successfully secured $18.5m in Series A funding.