iDenfy launches risk assessment tool
The Paypers
JUNE 19, 2024
Lithuania-based regtech provider iDenfy has announced the launch of its AI-enabled Customer Risk Assessment solution, completing its KYC/KYB/AML compliance suite.
AI Assessments Risk Assessment 
Are You Ready for Agentic AI?
Finovate
SEPTEMBER 23, 2024
You’ve seen the hype around Generative AI (GenAI). And perhaps you even have an AI strategy in place at your organization. But because the development of AI moves faster than any enabling technology we’ve seen in banking in the past, it’s important to think ahead to the next iteration.
AI 
105
105 
Navigating the Future of Credit Risk: The AI and Automation Advantage
Bank Automation
MARCH 18, 2024
This demand is driving a transformative shift towards leveraging Artificial Intelligence (AI) and automation to redefine credit and risk assessment strategies. In the dynamic world of financial services, the need for rapid and precise credit decisions has never been more crucial.
Credit Risk 82
82 
AI and Machine Learning in Fintech: Transforming Financial Services
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. Risk Assessment and Management Machine learning is fundamentally transforming the landscape of risk assessment and management within the financial sector.
AI 98
98 
Amica Mutual Insurance Leverages AI-Powered Property and Climate Risk Analytics From ZestyAI
The Fintech Times
JULY 31, 2024
“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. “One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L.
Risk 59
59 
CUBE3.AI Unveils AI-Driven Technology to Detect and Block Rising Tide of New Scams and Fraud
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
52 
ServiceNow Lands AI Partnerships with Visa and EY
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 115
115 
Mckinsey: Generative AI to Transform Risk Management in The Next 5 Years
Fintech News
APRIL 16, 2024
Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. Following a credit decision, gen AI can draft the credit memo and contract.
Risk Management 111
111 
The Evolution of Insurtech and its Impact on Traditional Insurance Models
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. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.
6 Benefits of AI Insurance Claims Processing
Nanonets
DECEMBER 13, 2023
Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries. In addition, AI can help insurance firms evaluate risk with high accuracy by analyzing large volumes of data.
AI 102
102 
Boshhh Partners with Yapily to launch a new AI tool
The Paypers
SEPTEMBER 23, 2024
Boshhh has partnered with Yapily to introduce Boshhh.io, a new platform designed to enhance affordability and risk assessment reporting for the financial services and legal sectors.
How to automate insurance underwriting
Nanonets
SEPTEMBER 27, 2024
Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. These include customer applications, financial records, medical reports, and external risk assessments such as geographic or weather-related data.
Underwriting 52
52 
Using AI to Streamline Compliance Processes: The Future or Could Too Much go Wrong?
The Fintech Times
SEPTEMBER 14, 2024
Having already explored compliance challenges, penalties and solutions, we now turn our attention to the technology of the moment: AI. While we’re well aware that AI is currently spoken about in absolutely every context, we also understand the huge impact it can have across sectors and operations.
Compliance 69
69 
BIS: Central Banks Need to Embrace the AI Era to Stay Ahead of Financial Efficiency
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 101
101 
AI Risks and Opportunities for Insurance: An Evening With DLA Piper
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
59 
Romania’s Salt Bank Turns to Regtech Napier AI for Transaction Monitoring
Finovate
MAY 14, 2024
Financial crime compliance company Napier AI has partnered with Romania’s Salt Bank. Salt Bank will deploy Napier AI’s transaction screening solution to protect transactions against a variety of fraud risks. Napier AI made its Finovate debut at FinovateEurope 2018 in London.
AI 59
59 
What Will Be the Top Fintech Trend in 2024? Hint: It’s Not AI.
Finovate
DECEMBER 6, 2023
When it comes to predicting the next leap in fintech, you have to risk not only getting things wrong , but also being ok with it. Technological demands The financial services industry loves generative AI, but even though it is the hottest topic in fintech at the moment, it comes with its own set of restrictions. Hint: It’s Not AI.
AI 104
104 
Charting Course: Building a Cannabis Banking Compliance Program
Innovative Payments Association
AUGUST 29, 2024
Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.
AMLYZE Teams Up with Aura Cloud to Enhance Financial Crime Fighting Tools
Finovate
JUNE 4, 2024
” AMLYZE leverages AI, synthetic data, and the power of the network to offer a paradigm-shifting approach to AML. The company’s technology can be deployed to provide real-time and retrospective transaction monitoring, customer risk assessments, AML/CFT investigations, and PEP, sanctions, and negative media screening.
Bringing AI To The Fight Against Healthcare Payments Fraud
PYMNTS
APRIL 10, 2020
In many realms of businesses, machine learning (ML) and artificial intelligence (AI) have yielded powerful tools to manage such complex matters. percent of organizations in this sector currently use AI, according to PYMNTS’ latest research. Yet, these advanced computational systems have a long way to go in healthcare administration.
AI 144
144 
AI Law Enforcement Tools Could Be Inaccurate
PYMNTS
APRIL 28, 2019
Set up in 2016 by companies including Google, Microsoft, Amazon and Facebook, The Partnership on AI released a report that stated algorithmic risk assessment tools cannot properly provide the right level of transparency and accountability. This report documents the serious shortcomings of risk assessment tools in the U.S.
Impact Asset Manager Finance in Motion Partners with Financial Crime Regtech Napier AI
Finovate
APRIL 24, 2024
Impact asset manager Finance in Motion has teamed up with financial crime compliance specialist Napier AI. Finance in Motion will deploy Napier AI Continuum as its anti-money laundering and counter terrorist financing (AML/CTF) platform. London-based Napier AI made its Finovate debut at FinovateEurope in 2018.
An AI Blueprint For More Profitable Portfolios In 2021
PYMNTS
DECEMBER 14, 2020
consumers think about artificial intelligence (AI) as it relates to their financial lives? Just ask them, as was done for the December 2020 How To Put AI In Your 2021 FI Business Plan Playbook , a collaboration with Brighterion. Better credit management is just one benefit AI can confer to banks, however,” per the Playbook.
AI 87
87 
The Finovate Podcast: Best of Show Conversations with Bloom Credit and Kobalt Labs
Finovate
JUNE 24, 2024
Most recently, Greg Palmer sat down with Kalyani Ramadurgam, CEO of Kobalt Labs , to discuss third-party regulations, the rise of AI, and the broader regulatory environment for fintechs, banks, and financial services companies. At FinovateSpring this year, Kobalt Labs demoed its AI-powered co-pilot that streamlines this process.
Swiggy partners with SHIELD for enhanced fraud prevention
The Paypers
MAY 22, 2024
Swiggy has recently collaborated with SHIELD , an AI platform prioritizing device-first risk assessment, to enhance its capabilities in identifying and preventing fraudulent activities.
Top 4 APAC Firms Leading The in The War Against Financial Crime
Fintech News
MAY 22, 2024
Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies. Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively.
AI in Healthcare Claims Processing: The Complete Guide
Nanonets
DECEMBER 25, 2023
Enter Artificial Intelligence (AI), a technological powerhouse reshaping industries across the globe. AI emerges as a transformative force in healthcare claims processing, promising to revolutionize how we handle, assess, and streamline the intricacies of claims submissions and reimbursements.
AI 59
59 
Identity Risk Management: Strategic Approaches to Mitigate Risk
Seon
JUNE 24, 2024
A critical aspect of cybersecurity, the fundamentals within this realm center on three main components: identifying, assessing and mitigating risks associated with digital identities and access controls across an organization. The following details a five-step process.
In What Ways is Advanced Data Analysis Reshaping Insurance?
The Fintech Times
MARCH 29, 2024
From enhancing risk assessment accuracy to personalising products and services, insurers are leveraging data analytics to optimise decision-making processes, mitigate risks and cater to evolving consumer needs. “At Cowbell, we are actively assessing the cyber risk posture of over 39 million businesses in the US and the UK.
FinovateEurope 2024 Sneak Peek Series: Part 6
Finovate
FEBRUARY 15, 2024
InvestGlass InvestGlass is the #1 Swiss sales automation solution for banks, which features digital onboarding, CRM, marketing, portfolio management, and integrates on-premise AI GPT with legacy regulations. It is a Swiss sovereign solution. Banks, payment providers, brokers, wealth management companies, and governments.
ComplyTek Introduces Advanced Transaction Screening for Instant Payments
Fintech Finance
AUGUST 2, 2024
Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities. ComplyTek’s advancements in AI have significantly contributed to its recent industry recognition.
NEW REPORT: The Banks’ How-To Guide To Using AI To Manage Credit Risk
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
98 
AI-native Vital for $67Billion Payment Fraud Prevention Market
The Fintech Times
MARCH 18, 2024
AI-native technologies unlock new possibilities Advanced fraud detection and prediction AI-powered fraud detection utilises advanced algorithms to do more than analyse real-time transactions. These algorithms learn from historical trends and predict potential fraud risks before they even happen.
Igloo Expands Weather Protection Insurance Coverage for Vietnamese Farmers
Fintech News
JANUARY 16, 2024
Utilising advanced technology, Igloo’s Weather Index Insurance employs big data, real-time risk assessment, and automated claims management. This blockchain-based solution uses smart contracts to streamline claims processing.
Risk Assessment 115
115 
Sumsub Combats Fraud Networks in APAC With Upgraded Solution
Fintech News
MARCH 20, 2024
Fraud networks, however small they may seem right now, will gain prominence, just like AI-powered deepfakes. said Pavel Goldman-Kalaydin, Head of AI/ML at Sumsub. The damage of fraud rings is much more significant than that of individual scammers. Businesses must be prepared for this and protect their platforms in advance”.
APACS 105
105 
Moody's to build AI model for credit risk checks
The Paypers
NOVEMBER 29, 2023
Global integrated risk assessment firm Moody’s has started developing an artificial intelligence model in order to upgrade its credit risk and KYC checks.
Credit Risk 28
28 
How is Artificial Intelligence Used in Auditing?
Nanonets
AUGUST 1, 2023
Notably, artificial intelligence (AI) has emerged as a key disruptor, holding immense potential to reshape accounting and assurance professions. AI also plays a crucial role in detecting fraudulent activities, scrutinizing transactions, and alerting auditors to potential irregularities. How is AI used in audit?
Audit 52
52 
Case Study: J.P. Morgan integrates Slope’s AI-powered platform to offer instant B2B financing at point of sale
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. The AI capabilities that Slope has is a true market differentiator in this space.
AI 59
59 
Why embracing modern solutions is important for a bank’s digital transformation success
The Payments Association
OCTOBER 3, 2024
For instance, AI-powered customer support can provide instant assistance, enhancing customer satisfaction. Sophisticated credit-scoring algorithms allow for more accurate risk assessment, enabling banks to extend credit responsibly and efficiently. Banks that delay their digital transformation efforts do so at their peril.
Leveraging Machine Learning to Reinforce Financial Fraud Prevention
Fi911
DECEMBER 19, 2023
In finance, AI’s role is becoming increasingly pivotal, particularly in fraud prevention and management. This trend underscores the question: Can AI truly integrate into the financial sector effectively? It also proactively predicts and prevents potential fraud risks. The resounding answer is yes.
Checkout.com Announces Partnership With Slope to Enhance Payment Performance for US Enterprise Merchants
Fintech Finance
SEPTEMBER 18, 2024
This funding will enable Slope to expand its order-to-cash automation platform for enterprise clients, enhancing its capabilities in AI-driven checkout, risk assessment, financing, and payment reconciliation. Morgan, bringing its total funding to $252m.
B2B 98
98 
Asia Pacific’s Cyber Insurance Growth Project to Triple Next Year
Fintech News
JUNE 3, 2024
First, it notes that the adoption of large language models (LLMs) and generative artificial intelligence (gen AI), like ChatGPT, is marking a new era for cyber risks. AI is expected to automate and personalize cyberattacks, making them more efficient and widespread.
Ransomware 105
105 
How is Regtech Enabling More Robust Data Protection and Privacy Compliance?
The Fintech Times
SEPTEMBER 24, 2024
. “By implementing advanced technologies such as Corporate Digital Identity (CDI) and AI, institutions can better manage complex data sets by automating compliance processes, improving data accuracy, and facilitating real-time monitoring to meet regulatory standards.”
Privacy 107
107 
Why AI’s Early Adopters Are Laser-Focused On Credit Risk And Payments
PYMNTS
APRIL 24, 2020
These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. This vital task is complicated even in normal times due to the multitude of financial risk factors in play at any given time. Among banks that use AI, 92.9 percent today.
Credit Risk 100
100 
Let's personalize your content