TechCrunch Fintech

OCTOBER 15, 2024

In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices.

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Bank Automation

OCTOBER 9, 2024

Global venture capital funding took a hit in the third quarter, but AI startups accounted for 31% of all global funding. Venture capital funding for startups globally dropped 21% year over year to $54.7 billion in Q3, according to CB Insights’ State of Venture Funding Q3 report, published Oct.

AI 104

AI Accounts Automation Posting 104

Bank Automation

AUGUST 19, 2024

Discover Financial Services is tapping generative AI to speed up call center agent response and strengthen client experience. Using Google Cloud’s AI platform, Vertex AI, Discover has reduced response times for call center agents by 70%, Szabolcs Paldy, senior vice president of enterprise operations at Discover, told Bank Automation News.

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Bank Automation

OCTOBER 8, 2024

Bank Automation News is pleased to announce that Bank Automation Summit U.S. providing attendees with insights on how financial institutions are benefitting from investments made in AI technology, teams and resources. 2025 agenda is live appeared first on Bank Automation News.

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Bank Automation

JULY 25, 2024

BNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts. “The The second quarter marked the continuation of our ambitious but disciplined development within AI,” Chief Financial Officer Lars Machenil said during the bank’s earnings call on July 24. “We

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Bank Automation

SEPTEMBER 13, 2024

Banks and investors are evaluating AI-driven startups for long-term growth opportunities. “Investors are keeping close tabs on AI-related innovation,” Isaiah Payne, managing director at investment banking firm Jackson Payne Investments, told Bank Automation News at Finovate Fall 2024.

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AI FinTech Automation Innovation 81

Bank Automation

DECEMBER 22, 2023

Digital bank bunq rolled out its generative-AI driven chatbot this week and expects the bot to automate most of its operations. 20 and expects it to automate 90% of operations in 2024, a spokesperson from Amsterdam-based bunq told Bank Automation News. Bunq launched the bot, Finn, on Dec.

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Automation AI Bots 80

Bank Automation

JANUARY 10, 2024

Grasshopper Bank is looking to AI for internal and external uses as the technology is expected to streamline manual employee tasks and improve the overall client experience. The New York-based digital bank is taking a cautious approach to AI, Grasshopper Chief Executive Mike Butler told Bank Automation News.

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AI Automation Technology Treasury 80

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.

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AI Assessments Compliance Automation 105

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.

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Credit Risk Automation AI Risk 83

Bank Automation

MAY 23, 2024

TD Bank is exploring the use of generative AI within its institution through pilot programs. Understanding how generative AI can be used to augment the work of our colleagues has always been our focus,” Imran Khan, head of TD Invent, the bank’s innovation arm, told Bank Automation News.

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Bank Automation

SEPTEMBER 23, 2024

Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting.

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AI Underwriting Credit Risk Automation 81

The Fintech Times

MAY 2, 2024

At The Fintech Times , we have discussed whether the hype around artificial intelligence (AI) is justified or not. Supporting the case that it definitely is, paytech Equals Money has published research revealing that 95 per cent of financial leaders are using, or considering using AI in their processes. Is automation necessary?

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AI Automation Regulatory Compliance Rules 59

Fintech Finance

SEPTEMBER 27, 2024

Airbas e, the leading procure-to-pay solution for mid-market and larger organizations, is excited to announce a new era in financial operations with its launch of AI-powered Touchless AP (accounts payable). Airbase’s AI-powered touchless AP system is built to handle every step of the accounts payable process with minimal human intervention.

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AI Accounts Fraud Detection OFAC 97

TechCrunch Fintech

MAY 7, 2024

Daloopa, a startup building AI to extract info from financial reports and investor presentations, has raised cash in a new funding round. © 2024 TechCrunch. All rights reserved. For personal use only.

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AI Automation Finance FinTech 98

Bank Automation

OCTOBER 14, 2024

Financial institutions can couple AI with “behavioral banking” to grow revenue, industry experts say. Banks usually sell the same financial products at about the same price, Dorel […] The post How AI and ‘behavioral banking’ boosts FI revenue appeared first on Bank Automation News.

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AI Automation Product Posting 69

Nanonets

JUNE 1, 2024

Enter Artificial Intelligence (AI), poised to revolutionize how you manage your property portfolio. In this blog, we'll dive into how AI can automate lease abstraction, freeing you from tedious tasks and empowering you with valuable insights. Automate lease abstraction with Nanonets! What is lease abstraction?

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Automation AI Assessments Legal 40

Bank Automation

MAY 24, 2024

Synchrony Financial is investing in training its employees on emerging technology, with a focus on AI and automation. The $117 […]

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AI Cybersecurity Automation Innovation 114

Bank Automation

JUNE 12, 2024

ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the technology. of clients’ chats into its gen-AI chatbot, Chief Analytics Officer Bahadir Yilmaz told Bank Automation News at the recent Money2020 Europe event in Amsterdam. The pilot funnels only 2.5%

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Bank Automation

JULY 2, 2024

Robert Schulze, head of pricing and risk model infrastructure at UniCredit Bank, will speak at Bank Automation Summit Europe 2024 about AI in financial services. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss banking automation, AI, regulation, payments and more.

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Automation AI Regulations Risk 98

Bank Automation

OCTOBER 1, 2024

Middle-market businesses are tapping AI and automation to expand their operations in the short term. Fifty-four percent of small businesses will integrate some form of AI in the next six months, a 10% year-over-year increase from the fourth quarter of 2023, according to KeyBank’s Middle Market Sentiment report, released last week.

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AI Automation Small Business Posting 59

Bank Automation

SEPTEMBER 24, 2024

Customer demographics play a role in AI-driven chatbot adoption at financial institutions. Having a one-size-fits-all strategy [for AI deployment] is not the best strategy to have,” Rahul Kumar, vice president and general manager of financial services at AI-driven customer experience provider Talkdesk, told Bank Automation News.

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AI Automation Posting 78

Bank Automation

OCTOBER 1, 2024

Citi Ventures is aware and wary of a potential hype cycle relating to AI and aims to avoid investing in overvalued startups. “The over-hype, under-hype cycle is something that happens continuously, and AI has not been immune to that,” Managing Director Luis Valdich told Bank Automation News. “We

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AI FinTech Automation Continuity 64

Nanonets

SEPTEMBER 27, 2024

Underwriting automation can help alleviate these issues to a great extent. It leverages AI and machine learning to quickly and accurately collect, assess, and process underwriting data. Automation can transform how underwriters work, enabling faster and more consistent decision-making while minimizing human error.

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Underwriting Automation Risk Assessment Assessments 52

Bank Automation

SEPTEMBER 9, 2024

Citizens Bank has deployed generative AI and automation in operations for activities including coding, customer service and fraud detection, and the efficiency gains are adding up. “We

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AI Fraud Detection Automation Security 85

Bank Automation

MARCH 21, 2024

The banking sector is a significant component of the global economy, and it is currently undergoing a major transformation powered by the integration of Artificial Intelligence (AI) and automation technologies. As we explore this revolution further, it’s […]

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Automation AI Economy Technology 65

Fintech Finance

OCTOBER 15, 2024

A pioneer in open banking, Neonomics unveils an innovative new product suite launched as Nello, with the goal to bring open banking to the next level through AI-driven solutions and seamless payments. Nello AI will be available as a white-label integration for financial institutions and others to easily integrate.

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AI Payment APIs and Integration End User Push-to-Card 98

Finextra

JUNE 5, 2024

Dutch bank ABN Amro is working with AI platform Complidata to automate its trade finance operations.

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Automation AI Finance 69

Bank Automation

SEPTEMBER 23, 2024

Citizens Bank is training employees on generative AI, engineering, cloud application and development, security and operations. “We

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AI Use Case Automation Security 78

Fintech News

MAY 19, 2024

With this new funding, Osome aims to enhance its product offerings, focusing on automation and artificial intelligence (AI) to better serve its expanding customer base. ” Featured image credit: Edited from Freepik The post Osome to Focus on Automation and AI with New US$17 Million Funding appeared first on Fintech Singapore.

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Bank Automation

SEPTEMBER 5, 2024

Regional and community banks are investing in AI for new business opportunities, revenue growth and efficiency gains. “Financial institutions are quite bullish when it comes to AI,” Allison Cerra, chief marketing officer at fintech Alkami, told Bank Automation News.

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AI Community Banks Automation FinTech 81

Bank Automation

OCTOBER 4, 2024

Financial services providers are exploring generative AI uses for coding, customer service and document automation and FIs are looking to the evolving tech to increase customer loyalty.

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AI Automation Service Provider Posting 52

Chargebee

SEPTEMBER 27, 2024

Introduction to AI billing software In today’s rapidly evolving business landscape, AI billing software is revolutionizing financial management for companies of all sizes. AI billing systems utilize advanced algorithms and machine learning capabilities to handle various aspects of the billing cycle.

AI 76

AI Reconciliation Automation Process 76

Bank Automation

SEPTEMBER 12, 2024

AI coupled with an open banking framework provides better access to credit for consumers. By combining […] The post AI, open banking to boost consumer credit access appeared first on Bank Automation News.

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AI Consumer Visa Automation 80

Bank Automation

SEPTEMBER 6, 2024

While fintech funding has slowed in recent quarters, companies that focus on AI are attracting investor dollars. Funding for AI-focused fintechs more than doubled quarter over quarter to $24 billion in the second quarter, accounting for 30% of investments, according to Crunchbase. “AI

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AI Accounts FinTech Automation 81

Finextra

SEPTEMBER 3, 2024

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

Checks 69

Checks AI Finance Automation 69

Bank Automation

JULY 30, 2024

Bank of Valletta Project Manager of Portfolio Delivery Agata Wolska will speak at Bank Automation Summit Europe 2024 on the state of AI regulation. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss AI, regulation, automation and data. The summit takes place Oct.

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