The Finance Weekly

JULY 19, 2022

Ensuring that the company's accounts and finances are audit-ready at closing. Easily database all versions of your work and with the click of your mouse conduct variance analysis, slice and dice data sets, perform drill-downs, FX conversions, and easily review version histories. Strategic financial planning. Very Good). 3 Key Pointers.

CRM 240

CRM Finance Database Automation 240

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.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

The Fintech Times

MARCH 18, 2024

In February, the BSV Association partnered with Aerospike , a leader in real-time, high-performance NoSQL databases, to subject Teranode to a rigorous six-month stress test ahead of its full node implementation later in 2024. However, Teranode is not some whiteboard mirage that teases a technological paradise that never gets any closer.

Blockchain 145

Blockchain Web 3.0 Technology TPS 145

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

Nanonets

APRIL 30, 2024

Particularly, extracting data from PDFs —an often cumbersome and error-prone task—has seen significant advancements with the emergence of Artificial Intelligence (AI). The final extracted data needs to be sent to a downstream business software or stored in a database.

AI 52

AI Due Diligence Automation Use Case 52

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

The Payments Association

MARCH 19, 2025

A modular polyglot architecture, where banks adopt a diverse ecosystem of technologies, for example, relational databases for transactions, NoSQL for real-time data, and distributed ledgers for auditability, offers strategic response. Yet, fate demands action now without delay.

Non-Bank 88

Non-Bank Regulatory Compliance AI Risk 88

Nanonets

AUGUST 6, 2024

Here’s how retrieval augmented generation makes magic with simple AI workflows: Knowledge Base (Input) : Think of this as a big library full of useful stuff—FAQs, manuals, documents, etc. This fusion allows the AI system to provide responses that are not only contextually apt but also based on the most current data.

AI 52

AI Database Payment APIs and Integration Automation 52

Nanonets

SEPTEMBER 25, 2024

In this article, we’ll explore applications of AI and automation for bank statement processing.   Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Maintain an efficient audit trail for future retrieval. Ensure all statements are properly scanned and readable.

Process 52

Process AI Best Practices Reconciliation 52

The Finance Weekly

APRIL 13, 2024

Best Finance Software for Businesses 1) Datarails Datarails is a completely Excel-native and AI-powered solution. In addition, Datarails’ AI chatbot FP&A Genius , helps with forecasting as it allows you to get answers to any questions or scenarios that you, or management, might have, all from trusted and historical data.

Finance 130

Finance Multi-Currency Online and Mobile Banking Credit Cards 130

Fintech News

MAY 22, 2024

Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively. Its AI-powered process includes a “liveness” check to ensure the person presenting the document is alive and owns the document, eliminating the need for human intervention via agents or call centers.

Financial Crimes 102

Financial Crimes Crime APACS Risk Assessment 102

PYMNTS

JANUARY 14, 2021

A New York City councilwoman filed legislation that would require employers to give job applicants a heads up if artificial intelligence (AI) is being used in hiring decisions. AI software providers would have to provide bias audits of their solutions before and after selling them to employers.

Verification 73

Verification Database AI Audit 73

Nanonets

APRIL 16, 2023

Looking for an AI based AP Automation solution? Verify bank accounts Automate approvals Instant vendor notifications Check against blacklists OCR and Machine Learning AI & OCR Technology in AP Automation At the start of the invoice management cycle, documents must be scanned so the data can be captured and entered into the system.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

MARCH 4, 2024

Artificial Intelligence (AI) today has become a transformative power in the realm of expense management. AI technologies offer promising solutions to these age-old problems, automating mundane tasks, enhancing accuracy, and streamlining processes. Leveraging Generative AI 6.

AI 52

AI Payment APIs and Integration Fraud Detection Automation 52

Nanonets

NOVEMBER 18, 2024

6 Google Cloud Document AI ML-powered processing 4.2/5 6 Google Cloud Document AI ML-powered processing 4.2/5 Nanonets Nanonets is an AI-powered document processing platform that goes beyond basic OCR to provide end-to-end automation. Database matching for data verification 7. 5 No Pay-as-you-go ($1.50

Volume 52

Volume Automation AI Process 52

Nanonets

JULY 4, 2023

Artificial Intelligence (AI): the ability of machines that can make human-like decisions by emulating the logical thinking process of humans.Machine Learning (ML), a subsect of AI, involves algorithms that teach the machine to learn from tasks without the need for human intervention. What is Hyperautomation?

Payment APIs and Integration 96

Payment APIs and Integration Automation AI Process 96

PYMNTS

NOVEMBER 3, 2017

Startups deploying machine learning and artificial intelligence (AI) capabilities are focused on improving corporate processes — from identifying fraud to testing software to managing employee effectiveness. Based in Finland and with offices in California, MariaDB offers enterprises an open source database solution. Expense Management.

B2B 75

B2B Automation AI Fraud Detection 75

Nanonets

SEPTEMBER 27, 2024

We will also understand how we can leverage AI-based Intelligent Document Processing (IDPs) tools to automate STP and reduce human dependency in this sector. Uploaded IDs undergo an authenticity check and data extraction, which is cross-verified against an external database for verification. So, let’s get started.

Process 52

Process Underwriting Automation Database 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation uses technologies like advanced Optical Character Recognition (OCR), Artificial Intelligence (AI), and Machine Learning (ML) to streamline these processes.  They are responsible for vendor payments, maintaining transaction records, auditing, taxation, and regulatory compliance.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Segpay

DECEMBER 13, 2024

Striking the Balance Between ID Management and Data Protection In the digital age, where data drives everything from marketing strategies to AI algorithms, a growing number of citizens are worried about the protection of their personal data. Right to Deletion: Both GDPR and CCPA provide individuals with the right to request data deletion.

Privacy 105

Privacy Compliance CCPA Authentication 105

FICO

MARCH 6, 2020

FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. We offer best-in-class multi-tenant capabilities (including multi-language, multi-currency), detailed audit trails, and electronic, automated regulatory reporting and filing in any required format. Compliance, is not just a toolset.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Nanonets

JUNE 26, 2024

Audit Compliance protocols: Properly reconciled bank statements are required for accurate tax reporting and can help avoid penalties or issues during audits. "Automated data extraction" : Nanonets' Pretrained OCR models are better than big data generative AI models for data extraction.

Reconciliation 52

Reconciliation Adjustments Audit Checks 52

CB Insights

NOVEMBER 2, 2017

This technology ranges from complementing existing compliance, audit, and risk workflows to replacing and wholly automating them through leveraging cutting-edge technologies like artificial intelligence, machine learning, and the blockchain. One-way regtech on blockchain is being leveraged to create a distributed ledger audit trail.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

Nanonets

FEBRUARY 27, 2024

💡 These days, AI-based OCR software for Quickbooks such as Nanonets offers automated expense categorization and GL coding using NLP and Deep learning. Streamlined Audit Trail: The precision of the date extraction and GL coding , and the subsequent automated data export to QuickBooks creates a clear, detailed audit trail.

Automation 52

Automation Database Audit Use Case 52

Nanonets

SEPTEMBER 12, 2023

How Nanonets' AI-powered OCR enhances data capture accuracy However, the existing manual process meant the team spent valuable hours manually extracting, categorizing, and processing invoices. By combining OCR and AI capabilities, Nanonets could read, classify, and extract data from invoices. That's not all.

Automation 52

Automation Process Audit Compliance 52

Nanonets

MAY 11, 2023

The invoice and payment details are archived in the GL for future audits. Missed invoices lead to delayed payments and associated penalties, strained vendor relationships, delays in operation, and audit issues.  This can lead to accrued liabilities over time, escalating pressure at audit periods, and non-compliance.

Process 52

Process Automation Audit Checks 52

Nanonets

NOVEMBER 14, 2023

This involves scanning or document imaging, wherein essential data is collected, categorized, processed, and placed into databases. Data Extraction : Metadata within the document is identified and extracted automatically, contributing to a more detailed and organized database. invoices, orders, receipts).

Automation 52

Automation Facilitators Audit Compliance 52

Nanonets

APRIL 20, 2023

Instead of storing them as images, it is wise to use PDF OCR to convert them into a searchable database. Nanonets is an AI-based OCR software that can extract text and tables from images with 98%+ accuracy. Nanonets is one platform suited to converting JPG images to Word files on a large scale.

Automation 52

Automation XML AI Process 52

Nanonets

JUNE 18, 2024

Automated Accounts Reconciliation software like Nanonets can cohesively consolidate all data sources on one platform, automate the matching logic across external data sources and general ledgers, effectively provide an audit trail, and keep the process transparent for the accounting team personnel involved.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

FICO

NOVEMBER 30, 2022

Many companies have invested in machine learning and AI, but not online and in real-time. These new offerings, however, require integration of internal data along with third-party data, profiles, real-time or streaming data, and perhaps certifying a contract in a Blockchain for security and audit purposes.

Underwriting 52

Underwriting Database Audit Automation 52

Nanonets

JULY 21, 2023

In addition to accelerating the reconciliation process, reconciliation software also enables an audit trail, significantly improving transparency and accountability. Once approved, the reconciled data is securely stored in a centralized database, ensuring an auditable trail.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52

Nanonets

OCTOBER 16, 2024

Intelligent Data Extraction refers to the automated process of identifying, extracting, and processing relevant information from various document types using advanced technologies such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP).

Automation 52

Automation Compliance Process Legal 52

Nanonets

MARCH 20, 2023

AI-enabled accounts payable software like Nanonets can extract accounts payable data from various sources and convert them into structured digital information that can be further processed or fed into ERPs or databases. and databases (MySQL, PostGres, MSSQL, etc.) cloud storage services (Drive, Dropbox, email, etc.),

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Nanonets

APRIL 15, 2024

Auditing Challenges: Manual reconciliation can pose challenges during audits or financial reviews. Auditors may have difficulty verifying the accuracy and completeness of manual reconciliations, potentially leading to audit findings or discrepancies.

Reconciliation 52

Reconciliation Adjustments Checks Correspondent 52

Nanonets

JUNE 13, 2023

Similarly, an accounting department could utilize OCR to digitize receipts and invoices stored in SharePoint, making it easier to extract important financial data for analysis and auditing. An AI-based tool like Nanonets can be used in conjunction with SharePoint for this purpose. Document data extraction goes hand-in-hand with OCR.

Database 52

Database Automation Process Fed 52

Nanonets

MARCH 14, 2024

Compliance: It ensures compliance with internal procurement policies and external regulations, minimizing financial risks and audit issues. Invoices and POs can also be imported into Nanonets from your mail, apps and databases. Automated Data Entry Say goodbye to hours of manual data entry.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

Nanonets

DECEMBER 25, 2023

Enterprise Plan: Built for large organizations, this plan offers advanced features such as SAML SSO, user audit logs, and a dedicated success manager, along with enhanced security and control. Enterprise Plan: Everything in Team, plus SAML SSO, user audit logs, dedicated success manager, and tailored onboarding.

API 52

API Audit Automation Database 52