Nanonets

AUGUST 16, 2024

But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. This article explores the impact of automation on the claims landscape, whether you're an insurer looking to streamline operations or a policyholder seeking quicker resolutions. What is claims process automation?

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Fintech Finance

AUGUST 15, 2024

Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store.

AI 97

AI Fraud Detection Technology Real Time Payments 97

Finovate

JUNE 11, 2024

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. This works to bypass traditional fraud detection and identity verification methods.

AI 105

AI Fraud Detection Deepfake Verification 105

The Fintech Times

JUNE 1, 2024

Even worse, the fraud landscape shows no signs of improving, as bad actors increasingly utilise AI to increase the damage done to financial organisations. Meanwhile, the fraud landscape is rapidly changing. Over a third of fraud attempts (42.5 Overall, around 29 per cent of these AI-driven fraud efforts are successful.

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SWIFT AI Fraud Detection Fraud Prevention 124

Segpay

FEBRUARY 21, 2024

5 minute read In recent years, generative artificial intelligence (generative AI) has emerged as a powerful force reshaping various industries. What is Generative AI? Generative AI is an advanced artificial intelligence technology that creates text and images.

AI 105

AI Innovation Fraud Detection Encryption 105

The Fintech Times

AUGUST 13, 2024

Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. Fraudsters are more cunning and deceiving, taking advantage of those who either do not know or refuse to acknowledge the power of AI. What are some AI fraud trends we’re seeing in Latin America?

AI 59

AI Fraud Detection Fraud Prevention Deepfake 59

PYMNTS

SEPTEMBER 17, 2019

DataVisor has announced the launch of its new Feature Platform, which automates fraud detection through the use of artificial intelligence and machine learning data capabilities.

Fraud Detection 66

Fraud Detection Automation Use Case AI 66

PYMNTS

MARCH 5, 2020

Zycus , which provides a comprehensive, end-to-end source-to-pay software suite in which it uses artificial intelligence (AI) technology, now has a new series of BOTs from its Zycus Merlin AI Suite, according to a press release. Businesses will be able to automate the sorting and classifying emails and auto-generating responses via AI.

Automation 97

Automation AI Bots Fraud Detection 97

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

AI Process Fraud Detection Compliance 102

Fintech News

JUNE 2, 2024

Singapore-based B2B fintech firm Aspire has launched “Aspire AI,” a suite of AI-powered features aimed at enhancing real-time analytics and automating financial processes for businesses. Additionally, the “Aspire AI Assistant,” powered by OpenAI and currently in beta, offers an intuitive chat-to-action interface.

AI 59

AI Fraud Detection Automation B2B 59

The Fintech Times

APRIL 15, 2024

Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so. With this in mind, it only makes sense that we delve into the impact that AI has had on the embedded finance space as part of our April monthly theme.

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Embedded Finance AI Finance Assessments 134

Nanonets

SEPTEMBER 25, 2024

For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation. Use an automated centralized platform for data standardization and extraction. 💡 Best practices:  1.

AI 52

AI Process Best Practices Reconciliation 52

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.

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AI Finance Fraud Detection Mitigation 122

The Fintech Times

JANUARY 6, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. But how much can AI really change in the next 12 months when it comes to fintech?

AI 141

AI FinTech Financial Literacy Risk Management 141

The Fintech Times

MARCH 5, 2024

Artificial intelligence (AI) has become one of the hottest topics in fintech, resulting in many organisations looking to get involved in the space. However, despite the desire, many banks cannot scale new technologies, like generative AI to ensure they are being used most efficiently.

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AI Fraud Detection Automation APACS 128

The Fintech Times

SEPTEMBER 11, 2024

Automated bot attacks on social media surged dramatically in the second quarter of 2024, according to AU10TIX ’s latest Global Identity Fraud Report. AI-powered fraud-as-a-service (FaaS) platforms have enabled these mass-scale attacks, contributing to APAC now holding the highest global fraud rate, with 3.27

Bots 59

Bots Deepfake Automation APACS 59

The Fintech Times

AUGUST 14, 2024

A new report from Visa has revealed why generative AI is booming in Singapore and how consumers are using the tech. In its Visa Consumer Payment Attitudes Study, Visa found that consumers are becoming increasingly aware of the potential of generative AI (gen AI).

AI 75

AI Consumer Fraud Detection Payments 75

Nanonets

JANUARY 17, 2024

The introduction of artificial intelligence (AI) into document processing is set to revolutionize this industry. AI claims processing integrates machine learning (ML), optical character recognition (OCR), workflow automation , and data analytics to streamline the process, making it faster, more reliable, and more efficient.

AI 59

AI Process Database Fraud Detection 59

Finovate

MAY 16, 2024

As the banking sector stands at the precipice of a new era powered by fintech innovation, mastering the rapid deployment of AI technologies is not just beneficial—it’s imperative. Implementing Human Experience-Centric AI Solutions At the heart of technological advancements lies the need to enhance human interactions.

AI 72

AI FinTech SWIFT Fraud Detection 72

Fintech News

APRIL 28, 2024

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

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AI Innovation Financial Crimes Crime 109

Finovate

AUGUST 13, 2024

Financial crime compliance platform Lucinity announced a strategic partnership with AI data management company Knights Analytics. The partnership will bring advanced AI-powered data management capabilities to bear to fight financial crime. Lucinity made its Finovate debut at FinovateSpring 2023 in San Francisco.

Financial Crimes 59

Financial Crimes Crime Compliance AI 59

The Fintech Times

MARCH 18, 2024

Key benefits of digital fraud prevention tools Real-time monitoring leveraging fraud detection algorithms The power of modern fraud detection tools lies in their ability to monitor transactions and user behaviour continuously, in real time.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

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

Fi911

DECEMBER 19, 2023

In finance, AI’s role is becoming increasingly pivotal, particularly in fraud prevention and management. As digital banking services grow in popularity, the unfortunate byproduct is a corresponding rise in fraud. This trend underscores the question: Can AI truly integrate into the financial sector effectively?

Fraud Prevention 85

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 85

PYMNTS

JULY 30, 2020

In an effort to help companies reduce their accounts payable (AP) expenses, Zycus has rolled out artificial intelligence (AI)-powered bots for the last part of the procurement process, according to an announcement. Its technology also includes a supplier portal and an eInvoicing offering.

Bots 60

Bots Automation AI Fraud Detection 60

Fintech News

AUGUST 13, 2024

A recent study by Visa has revealed that 83% of Gen Z consumers in Singapore are aware of generative artificial intelligence (AI) and its potential to enhance their banking experiences. Singaporean consumers, regardless of age, are showing a strong inclination toward using generative AI for various banking services.

AI 105

AI Fraud Detection Automation Use Case 105

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

AI Process Payer Fraud Detection 59

Nanonets

APRIL 26, 2023

Automation can have a significant impact on this process—particularly the loan underwriting process. Automating the underwriting process can increase the speed and accuracy of loan approvals, while also reducing the risk of errors. What is automated loan underwriting?

Underwriting 52

Underwriting Automation Fraud Detection AI 52

Fintech News

JANUARY 18, 2024

The emergence of generative artificial intelligence (AI) represents a pivotal moment in the technological evolution, significantly altering the digital financial services landscape in the Asia Pacific region. Here are five real-world applications of generative AI in Asia. trillion to US$4.4

AI 106

AI Financial Crimes Crime SWIFT 106

The Finance Weekly

DECEMBER 12, 2023

Artificial intelligence (AI) is quickly progressing and becoming a bigger part of our everyday lives. Professionals, researchers, and enthusiasts must keep informed about the ,, latest AI news , especially in finance. Luckily, many websites offer in-depth coverage of the newest AI trends.

AI 52

AI Finance Fraud Detection Cybersecurity 52

Nanonets

JANUARY 12, 2024

However, with the rapid growth in the insurance sector, the industry has reached a point where growth can only be achieved through insurance automation. Automation can make all of these workflows more efficient and error-free. Automate manual processes using Nanonet's AI-based OCR software. billion by 2026.

Use Case 59

Use Case Automation Compliance Procedures 59

CoinRemitter

MARCH 20, 2024

Let’s ignore the cons, AI has some pros as well. The combination of AI and blockchain may fix all the hesitance and make crypto payments look more reliable than now. Let’s see how AI in blockchain can affect and what factors can cause an improved experience of accepting crypto payments. AI algorithms can simplify this.

Blockchain 40

Blockchain AI Fraud Detection Payment Gateways 40

Fintech Finance

OCTOBER 9, 2024

Fraudsters are turning to AI to fuel fraud AI technology, such as AI-driven bots and scripts, has given fraudsters unprecedented speed to automate the process of generating synthetic identities on a massive scale. ” Key report insights at a glance Payment trends (H1 2024 vs. .

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BNPL Volume AI Alternative Payment Methods 98

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.

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Central Bank AI Correspondent Bank Correspondent 101

Nanonets

FEBRUARY 12, 2024

Among the sectors witnessing a seismic shift, the lending and loan management world stands at the forefront of this AI-powered evolution. In this blog, we'll explore how AI is not just a tool but a paradigm shift, altering lending institutions' DNA and redefining the borrower-lender relationship. The result?

AI 52

AI Fraud Detection Regulatory Compliance Automation 52

Nanonets

MAY 30, 2024

Automation has become a cheat code in recent years, with each business function improving efficiency and moving away from manual, repetitive roles to more strategic roles. Procurement automation today is indeed capable of automating and streamlining each step of your procurement workflow. What is Procurement Automation?

Automation 52

Automation Process P2P Compliance 52

Nanonets

APRIL 3, 2024

Enter virtual bookkeeping – a paradigm-shifting approach that harnesses the power of digital tools and automation to revolutionize traditional bookkeeping practices. Advanced automation features in modern accounting software streamline data entry processes, minimizing manual effort and errors.

Automation 96

Automation Payment APIs and Integration Reconciliation Financial Analysis 96