Tag: Banking

ElevenLabs hits $22bn as financial firms adopt AI agents

ElevenLabs, the AI voice and conversational agent developer, has reached a $22bn valuation after completing a $300m employee tender offer, as banks, insurers and...

BDO Unibank modernises payments with Finastra platform

Finastra, the financial services software provider, has revealed that BDO Unibank, one of the largest universal banks in the Philippines, has upgraded its payments...

Is your compliance function really ready for AI?

Banks and financial institutions are rushing to layer AI onto compliance operations that were never built to support it, according to identity verification and...

DBS and Avaloq deepen alliance to drive Asian wealth growth

DBS, the Singapore-headquartered bank with a leading wealth franchise, has agreed a memorandum of understanding (MoU) with wealth management technology provider Avaloq to broaden...

Regulatory reporting hits an AI adoption roadblock

Regulatory reporting is becoming a major testing ground for artificial intelligence, but financial institutions are struggling to move beyond experimentation. New research from Regnology, a...

WorkFusion’s Isaac rethinks the AML investigator’s role

Financial crime investigators are employed to investigate. In practice, much of their working day goes on something else: trawling through systems, gathering data, compiling...

$150m war chest gives NexBank room to move on growth

NexBank Capital, the Dallas-based financial holding company behind the largest privately held bank in Texas by assets, has secured $150m through a sale of...

Duna: deterministic rules are the key to bank-grade AI

Financial institutions racing to embed AI into their compliance operations face a stubborn problem: the technology does not always give the same answer twice....

Prometeia platform gives AfDB central grip on model risk

Prometeia, the Italian risk management and advisory specialist, has completed the implementation of its Prometeia Model Journey (PMJ) platform at the African Development Bank...

The advice continuum threatens holistic financial planning

The financial advice market is no longer a simple choice between doing it yourself and paying for a full-service adviser. According to Ortec Finance,...

120,000+ FinTech leaders get exclusive industry stories delivered every week