AI

Leading AI decisioning platform Rich Data Co successfully raises $28 million in Series B round to accelerate North America expansion

Thursday 30 November 2023, Sydney, Australia: Rich Data Co (RDC) – a leading AI decisioning platform that helps banks make high-quality lending decisions efficiently and safely – has successfully raised $28 million…

AI and the reboot of Scottish finance

The prospects for artificial intelligence are a big challenge and opportunity, most obviously in the workplace. Scottish finance is setting out to grasp its potential and grow rapidly. The new…

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Banks face AI ‘arms race’ in battle against cyber threats: Barr

The rapid growth of generative artificial intelligence has created a looming cybersecurity risk for the banking sector, the Federal Reserve’s vice chair for supervision, Michael Barr, warned Thursday. As use…

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As AI flourishes, GoTyme Bank vows human touch in client transactions

MANILA, Philippines — As artificial intelligence (AI) continues to flourish, the digital bank of the Gokongwei Group and Tyme assured that humans would continue to handle client interactions as it…

Dow Jones Risk & Compliance Launches RiskCenter Advanced Screening and Monitoring

SINGAPORE [September 19, 2023] – Dow Jones Risk & Compliance has today announced a new advanced, AI-powered solution for financial crime and third-party risk management. RiskCenter Advanced Screening and Monitoring…

SoftBank Seeks AI Deals After Successful Arm Listing

SoftBank reportedly wants to invest in artificial intelligence (AI) after successfully taking tech company Arm public. Masayoshi Son, founder and CEO of the Japanese conglomerate, is interested in investing tens of billions of…

EY reports record global revenue results of just under US$50b

Increase of 14.2% growth in revenues, marking one of the most successful years in the history of the organization $3.6b investment in audit quality, innovation, technology, and people, with a…

Will AI Deliver Efficiencies Previously Unrealized In Finance?

Many finance teams are transformation-weary. Employees have long been promised that technology will make delivering their work product easier, but that newfound efficiency rarely comes to fruition. Every finance transformation has…

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Exclusive Interview with Gery Zollinger, Head of Data Science and Analytics, Avaloq: The State of AI Adoption in Wealth Management in Singapore

The Role of Artificial Intelligence (AI) in Wealth Management   AI adoption has made steady progress in recent years. Initial use cases for AI appeared in the back and middle…

ChatGPT fever spreads to US workplace, sounding alarm for some

LONDON/WASHINGTON, Aug 11 (Reuters) – Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such…

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                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

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                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

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