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Barclays invests £2M In WealthOs

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Barclays has invested £2 million in seed funding for WealthOS, a cloud-native and API-driven wealthtech startup. Joining Barclays in the funding initiative are VC...

UOB trials Microsoft’s generative AI tool

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Singapore-based United Overseas Bank (UOB) is preparing to conduct a trial of Microsoft 365 Copilot, an AI-driven productivity tool, with several hundred employees. Starting this...

France and UK Compete for AI Dominance in Europe

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Xavier Niel, the French billionaire and chairman of the Iliad group, has revealed plans to host an AI conference in Paris in November. This...

NatWest collaborates with AWS to build new generative AI tools

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NatWest is expanding its partnership with Amazon Web Services (AWS) to incorporate the use of new generative AI technology provided by the cloud service...

AI could lead to 3.5 workdays a week, says JP Morgan...

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Jamie Dimon, the CEO of JPMorgan Chase, believes that while AI may lead to job losses, it could also pave the way for a...

ECB experiments with AI to speed up basic tasks

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The European Central Bank (ECB) is considering the use of large language models, similar to ChatGPT, for various purposes such as document analysis and...

BNP Paribas partners with MGI to launch AI FX index

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BNP Paribas has partnered with Millennium Global Investments (MGI) to launch BNP Paribas MGI Systematic Currency Alpha Index, a foreign exchange index that works...

Nomura invests in AI-led trading venture

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Nomura has invested in AI startup venture AIM2 which uses robotics and machine learning to build automated trading tools for financial markets. The startup set...

Nationwide to launch AI assistant

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British mutual financial institution Nationwide Building Society is looking to launch an AI-based virtual assistant to respond to the inquiries of first-time home buyers. ...

TD personalize its app with new AI-powered chatbot

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TD Bank Group (TD) is introducing TD Clari ("Clari"), a new artificial intelligence-powered chatbot integrated into its banking app to offers a more personalized experience...