Fintech Review

SEPTEMBER 5, 2024

Palo Alto, California, United States, September 5th, 2024, Chainwire AI-driven platform detects fraud at its earliest stages, preventing billions in potential crypto losses As scams grow more sophisticated and increasingly target crypto for laundering billions in losses, CUBE3.AI AI is pioneering a new era in fraud prevention.

Scams 52

Scams Blocks AI Fraud Prevention 52

The Fintech Times

AUGUST 17, 2024

D•One , the open banking unit of The ClearScore Group, has partnered with credit tech company Abound to enhance lending decisions using open banking data and AI. Open banking helps assess borrower risk more fairly, which is a positive innovation for the credit market,” said Tim Kelleway, director at D•One.

AI 64

AI Assessments Credit Risk Financial Inclusion 64

The Fintech Times

FEBRUARY 7, 2024

The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.

Government 112

Government Governance AI Regulations 112

Fintech News

JANUARY 25, 2024

ServiceNow, a provider of digital workflow services, has recently broadened its partnership with both EY and Visa, focusing on AI-driven compliance solutions and the transformation of payment services. These collaborations mark another noteworthy step in the integration of advanced AI technologies in compliance and financial services.

AI 103

AI Disputes Risk Management Risk Assessment 103

Fintech Review

MAY 7, 2024

The fintech sector is currently undergoing a significant transformation, with artificial intelligence (AI) and machine learning at the forefront of this change. These technologies are transforming how financial services operate, injecting unprecedented levels of efficiency and innovation.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

Fintech Review

JULY 16, 2024

Open banking is transforming the financial landscape by fostering innovation , competition, and improved customer experiences. By accessing banking data, fintech companies can offer innovative products that improve customer choice and service quality. In Europe, the PSD2 directive has spurred significant innovation.

Innovation 98

Innovation Consumer API Financial Inclusion 98

The Fintech Times

SEPTEMBER 2, 2024

Ant International , the digital payment and fintech company, has joined forces with Dock , a payments and banking technology provider in Latin America, to offer new AI-driven credit technology solutions in Brazil. “Ant International is the partner we were looking for to materialise our financial inclusion goals.

Financial Inclusion 72

Financial Inclusion AI Underserved Underwriting 72

Fintech News

JULY 4, 2024

As artificial intelligence (AI) rapidly transitions from a nascent development to a ubiquitous technology accelerating advancements across the financial landscape, far-reaching implications for central banks worldwide are quickly emerging.

Central Bank 82

Central Bank AI Correspondent Bank Correspondent 82

Fintech News

FEBRUARY 15, 2024

2024 is expected to be a year of innovation for the fintech industry, marked by advancements in artificial intelligence (AI), cross-border and real-time payments, cryptocurrency and blockchain, and bundled software-as-a-service (SaaS) offerings.

Innovation 105

Innovation FinTech Cross-Border Payments Cross-Border 105

Fintech News

MARCH 27, 2024

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. Leveraging its extensive experience and a US$10 billion investment in technology and innovation over the past five years, Visa aims to enhance fraud prevention and network security.

Fraud Prevention 92

Fraud Prevention AI Value Added Service Fraud Detection 92

The Fintech Times

MAY 16, 2024

Kick-starting our focus this May, we first look at some of the latest innovations seen in the digital asset ecosystem during the past year. ” The digital asset space continues to explode into life, but which recent innovations are driving the most growth in the space?

Innovation 80

Innovation Blockchain Stablecoins AI 80

The Fintech Times

MAY 20, 2024

Endava, a technology services company, has teamed up with Finexos , an AI-powered credit risk and analytics platform, in order to enhance credit decision-making for banks and lenders. This alliance aligns with Endava’s commitment to financial inclusion and innovation in the banking sector.

AI 59

AI Financial Inclusion Credit Risk Risk 59

Nanonets

MAY 31, 2023

According to a Forrester survey, 98% of financial institutions believe that AI and ML can give them an edge and improve how they do business. This article explores the case for integrating AI into your finance function, the route to achieving it, and how your business can step change as a result. AI can help mitigate these issues.

AI 122

AI Finance Fraud Detection Mitigation 122

The Fintech Times

JUNE 3, 2024

AI-powered shopping assistant, Klarna is leading the way for financial services when it comes to artificial intelligence (AI) implementation. So what’s Klarna’s secret and how can firms replicate this level of successful AI integration? Yet it only scratches the surface of genAI and LLMs’ potential.

AI 69

AI Risk Mitigation Assessments Consulting 69

The Fintech Times

AUGUST 2, 2024

The European Union ‘s latest AI Act, published yesterday, reflects the forward-thinking and innovation-driven attitude of the region as it looks to regulate the way organisations develop, use and apply artificial intelligence (AI). Firms that fall into the first category are those that use AI for things like spam filters.

AI 59

AI Compliance Regulations Risk 59

Fintech Finance

MAY 30, 2024

Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs. AI’s capability for confidential data sharing could be a game-changer for the industry.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT AI 64

The Fintech Times

APRIL 8, 2024

Global law firm DLA Piper, i n partnership with The Fintech Times and The Fintech Power 50, recently hosted a fascinating evening event at its head office in London addressing how established players and disrupters in the insurance industry can navigate through the complexities of artificial intelligence (AI).

AI 59

AI Risk Legal Framework Use Case 59

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. On-Demand Insurance Another innovation is on-demand insurance, which allows customers to purchase coverage when needed.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Fi911

JANUARY 31, 2024

The advent of generative AI (or “Gen AI”) presents a remarkable transformation opportunity for the banking sector in 2024. While the promises of Gen AI are significant, there’s a looming concern about scammers exploiting this technology. Thus, while the excitement surrounding Gen AI is palpable, it is tinged with caution.

AI 85

AI MFA Regulatory Compliance Best Practices 85

Finovate

MARCH 26, 2024

Over the past few weeks, Greg Palmer and the Finovate Podcast have hosted some of the most interesting innovators in fintech. Greg Palmer interviews Alan Bekker , co-founder and CEO of customer engagement innovator, eSelf. Have you listened to the latest episodes of the Finovate Podcast ? Don’t miss another conversation!

Real Time Payments 59

Real Time Payments Financial Inclusion Fraud Prevention AI 59

The Fintech Times

MAY 15, 2024

In a move to bolster cybersecurity and protections for AI models against hacking and sabotage, the UK government has officially unveiled a host of new measures, which also hope to set a new global standard. “Understanding how generative AI systems arrive at their outputs can be difficult.

Cybersecurity 72

Cybersecurity AI Government Governance 72

Nanonets

DECEMBER 25, 2023

Traditionally, this process has been plagued by manual errors, time-consuming verifications, and a plethora of administrative challenges, prompting the healthcare industry to seek innovative solutions. Enter Artificial Intelligence (AI), a technological powerhouse reshaping industries across the globe.

AI 59

AI Process Payer Fraud Detection 59

The Finance Weekly

OCTOBER 15, 2023

The business world is changing fast, giving Chief Financial Officers (CFOs) and their teams a chance to use Generative Artificial Intelligence (Generative AI) for innovation and efficiency. Generative AI can help in saving costs, making better decisions, and developing skills. This enhances customer experience and loyalty.

AI 52

AI Risk Automation Data Security 52

Tearsheet

AUGUST 7, 2024

Morgan’s extensive client relationships with Slope’s AI-driven B2B payment platform. Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. What specific capabilities or innovations from Slope attracted J.P. The partnership brings together J.P.

AI 59

AI B2B Finance Underwriting 59

PYMNTS

MAY 11, 2020

RiskRecon , a Mastercard firm, is offering complimentary cybersecurity assessments through the end of the year to assist Canadian small businesses in keeping their operations safe during the pandemic. ” The cyberhealth assessment of RiskRecon assists companies in finding and handling possible vulnerabilities in their systems.

Assessments 60

Assessments Visa Cybersecurity Small Business 60

The Fintech Times

MARCH 28, 2024

Synergy between innovation-driven startups and established industry players is not only reshaping traditional practices but also addressing the dynamic needs of modern consumers. We reached out to insurance experts to gain insights into how startups and incumbents are collaborating to drive innovation and meet changing consumer demands.

Innovation 69

Innovation Consumer On-Demand Risk Assessment 69

FICO

MARCH 14, 2023

Too often, machine learning is the focal point, but the ML model is only one component of the much larger enterprise analytic body, the Corpus AI. To address this disconnect and truly operationalize AI, guardrails must be in place such that the overall Corpus AI continues to perform while components change.

AI 52

AI Continuity Rules CHIPS 52

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? In banking and financial services within North America, our research shows that AI is an even higher priority now than 12 months ago for 52% of financial services organisations. They must be able to assess whether unfair discriminations are taking place.

AI 52

AI Regulations Legal Framework Non-Bank 52

FICO

DECEMBER 15, 2020

I’m thrilled that FICO has been named as the Category Leader for Innovation in the recently published 2021 Chartis RiskTech 100. Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud.

Innovation 52

Innovation Risk Management Best Practices Financial Crimes 52

Fintech Finance

SEPTEMBER 18, 2024

Slope’s innovative payment platform offers two key payment solutions for B2B customers: “Pay Later” (Net Terms or Installments) and “Pay Now” (ACH and credit card acceptance). We appreciate their investment in the payments innovation community and are excited to serve the largest enterprises together.

B2B 80

B2B Reconciliation Payments Risk Assessment 80

Fintech News

MARCH 18, 2024

This disparity emerges as firms navigate new challenges and opportunities presented by technologies such as Generative AI, along with increasing cybersecurity concerns and the demand for digital-first customer experiences. said Chris Perry, President of Broadridge.

Cybersecurity 96

Cybersecurity AI Blockchain On-Demand 96

Nanonets

MARCH 4, 2024

These inefficiencies not only drain valuable resources but also divert focus from core business activities, stifling growth and innovation. Artificial Intelligence (AI) today has become a transformative power in the realm of expense management. Leveraging Generative AI 6.

AI 52

AI Payment APIs and Integration Fraud Detection Automation 52

PYMNTS

DECEMBER 9, 2020

There are countless technologies banks are employing to help them in this task, but none are as effective as artificial intelligence (AI). The practical applications for AI extend far beyond credit risk assessment and detection, however.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

The Fintech Times

MARCH 26, 2024

These innovative technologies not only enable insurers to streamline operations and enhance customer experiences but also play a pivotal role in extending financial services to underserved communities. By leveraging fintech innovations, insurers can bridge the digital divide and extend insurance services to populations with limited access.

Underserved 115

Underserved FinTech Financial Inclusion Risk 115

Fintech News

APRIL 7, 2024

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. “Even people who are trained on deep fakes have a real difficulty determining what’s a real image from an image created using a deep fake.”

Deepfake 117

Deepfake Scams Fraud Detection Verification 117

FICO

FEBRUARY 11, 2022

One critical area is artificial intelligence (AI) and how it affects financial decisioning. To make fair and accurate assessments, AI software needs to be reflective of the people it scrutinises and the best way to achieve this is to have a diverse team at work. In many cases, AI learns from data generated by human actions.

AI 52

AI Mitigation Assessments Participant 52

Finovate

JUNE 4, 2024

AMLYZE Co-Founder and Head of Partnerships Jekaterina Govina praised Aura Cloud for its “commitment to agility and innovation” which Govina said “aligns perfectly with our mission to provide AML/CFT solutions, built by regulatory insiders who understand customer pain points from the inside out.”

Financial Crimes 64

Financial Crimes Crime Risk Assessment AML 64