AI

Harnessing AI for optimal financial performance 

Ahmed Fessi, CIO at Medius, discusses the potential of AI in achieving peak financial performance.  One-third of European businesses have implemented Artificial Intelligence (AI) into their operations, recognising its potential to enhance productivity,...

Jumping on the GenAI bandwagon: Pragmatism is important for FP&A teams 

Michael Lengenfelder, Head of FP&A Product Management at Unit4, explores the emerging role of GenAI in FP&A, stressing the importance of pragmatic integration. While GenAI holds promise, Lengenfelder underscores the necessity of combining its...

Can AI revolutionise the UK’s dating scene by matching financial compatibility? 

“The union of Artificial Intelligence and financial compatibility could mould a revolutionary model for the future of dating in the UK,” said Jason Adler, Software Engineer at Repocket. Does this sound like a futuristic prediction? Not entirely....

Matalan launches groundbreaking GenAI tool to drive online sales in UK first 

Kin + Carta has created a Generative AI and Large Language Model (LLM) tool for UK retailer Matalan, which allows it to create detailed product descriptions for new items as they are added to its online inventory.  Developed and delivered in only three...

HSBC achieves a 15% uplift in monthly card spend using FICO’s AI-powered optimisation

At FICO World, a leading analytic and AI event, FICO announced that HSBC, one of the world’s largest banking and financial services organisations, has used AI-powered mathematical optimisation technology to grow its credit card portfolio. The project...

Cambridge-based deep tech start-up Theia Insights raises US$6.5 million to bring foundational AI to the global investment community 

Theia Insights, a UK-based deep tech start-up launched by former Amazon Alexa scientist and solo entrepreneur Dr Ye Tian, has raised US$6.5 million. In another example of US venture capital looking to the UK for the most innovative technology companies, the...

Demystifying Generative AI in finance – how to get started 

Torben Anderson, Director of Engineering at Pleo, dives into the realm of Generative AI and untangles its common misconceptions, presenting its positive role in the finance industry.  We saw that 2023 was a big year for Artificial Intelligence, as...

What are the potential benefits of utilising AI-powered data analytics in the financial technology sector? 

Delve into the transformative realm of AI-driven data analytics within fintech as industry experts dissect its potential benefits. From enhancing risk assessment and tailored product offerings to revolutionising SME financing, discover how this technology...

UK’s Investment Association warns of ‘trading bot’ risk to investors 

The UK’s Investment Association (IA) has warned investors about the risks of using ‘trading bots’ to make investment decisions. Speaking to the BBC John Allan, head of innovation and operations at the IA said investors should be more...

How is data analytics expected to impact decision-making in the FinTech industry? 

Introducing this month’s question with insight into auto insurers, AI and data is Simon Axon, EMEA Financial Services Industry Consulting Director at Teradata.  Navigating a perilous road  It is a tough time to be in auto insurance....

Clearcover launches Generative AI insurance tool to expedite claims processing and improve customer experience 

Clearcover, a next-generation car insurance company, has announced the launch of its Generative AI solution that further digitises statement collection, significantly streamlining the insurance claims process and customer experience.  The AI-driven...

Klarna AI assistant handles two-thirds of customer service chats in its first month 

Available in the Klarna app, the assistant is designed to enhance the shopping and payments experience for Klarna’s 150 million consumers worldwide, capable of managing a range of tasks from multilingual customer service to managing refunds and...