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British SME challenger bank Allica has boosted its working capital efforts and moved into the embedded finance market through the acquisition of fintech Kriya.
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Ani Tech, a UK-based agentic AI platform focused on financial advice, has been chosen to participate in the inaugural AI sandbox initiative of the UK's financial regulator, the Financial Conduct Authority (FCA).
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A vast majority of consumers are concerned that increasingly sophisticated AI will be used for financial scams and a similar number expect their banks to use the same technology to protect them, according to recently published research
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In the wake of the Consumer Financial Protection Bureau's decision to ditch its open banking rule, the American Fintech Council (AFC) has called on the regulator to preserve people's right to access and share their financial data.
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OpenAI has hired more than 100 former investment bankers to help train its AI to build financial models, according to Bloomberg.
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