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. These technologies promise a future where financial institutions can navigate the complexities of credit […]

Credit Risk 82

Credit Risk Automation AI Risk 82

Fintech Finance

AUGUST 15, 2024

Using Google Cloud’s Vertex AI platform, Sionic is able to help financial institutions and retailers detect fraud more effectively. Sionic teamed with Google Cloud Consulting to design and build the specific use case AI models.

AI 97

AI Fraud Detection Technology Real Time Payments 97

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). But we don’t leverage technology for its own sake. Touchless AP is available now to all Airbase customers.

AI 97

AI Accounts Fraud Detection OFAC 97

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%

AI 123

AI Automation Technology 123

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

AI 85

AI Fraud Detection Automation Security 85

Bank Automation

SEPTEMBER 23, 2024

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

AI 77

AI Use Case Automation Security 77

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.

Underwriting 52

Underwriting Automation Risk Assessment Assessments 52

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

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 […]

Automation 64

Automation AI Economy Technology 64

Bank Automation

SEPTEMBER 12, 2024

AI coupled with an open banking framework provides better access to credit for consumers. The technology presents an opportunity for consumers with limited credit to obtain loans and make payments, Ben Soccorsy, head of data access and business development at Mastercard, said this week during the Finovate Fall event in New York City.

AI 79

AI Consumer Visa Automation 79

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?

Automation 40

Automation AI Assessments Legal 40

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?

AI 59

AI Automation Regulatory Compliance Rules 59

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

JANUARY 30, 2024

Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics.

Fraud Detection 123

Fraud Detection AI Automation Innovation 123

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.

AI 98

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

The Fintech Times

SEPTEMBER 7, 2024

However, accessing and analysing this data efficiently requires technology. Research from AI-powered decision intelligence for service operations provider, ActiveOps has found that organisations are turning to AI to solve this issue. Many firms have turned to AI as a way of making more informed decisions.

AI 64

AI Technology On-Demand Research 64

Bank Automation

AUGUST 15, 2024

Valley Bank is using AI and automation to boost its efficiency without adding as much personnel. The $62 billion bank is using AI, machine learning and robotic process automation to limit “repetitive, manual tasks” for employees, Russell Barrett, senior executive vice president and chief operating officer, told Bank Automation News.

AI 74

AI Automation Process Technology 74

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.

Automation 105

Automation AI SARS Compliance 105

The Fintech Times

FEBRUARY 14, 2024

As businesses adapt to the accelerating pace of technological change and new e-invoicing mandates, one aspect of financial management stands out – accounts payable (AP) automation. What is AP automation? Current trends in AP automation The current AP automation market is dynamic.

Automation 103

Automation Process Duplicate Compliance 103

Bank Automation

OCTOBER 2, 2024

Financial institutions are exploring generative AI through their own center of excellence initiatives, pilot programs and internal applications.

AI 58

AI Automation Payments Data Posting 58

FloQast

AUGUST 28, 2024

FloQast’s latest market study, “ The Role of Financial Automation in Reducing Stress and Retaining Talent in the DACH Region ,” delves into the specific issues facing the region, offering insights and strategies designed to help accounting teams overcome these challenges, reduce stress, and boost efficiency.

Automation 79

Automation AI Finance Accounts 79

Bank Automation

AUGUST 21, 2024

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.

Cybersecurity 132

Cybersecurity AI Mitigation Risk 132

Nanonets

AUGUST 16, 2024

But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. The drive to enhance claims processing through new technologies has intensified, especially since every dollar saved directly impacts profitability. What is claims process automation?

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Fintech News

JUNE 18, 2024

The advancement of generative artificial intelligence (gen AI) has opened up new commercial, social, and technological opportunities. The Risks of Generative AI for Singapore One of the primary concerns highlighted in the whitepaper is the presence of biases in generative AI models.

AI 115

AI Use Case Risk Deepfake 115

Bank Automation

JUNE 18, 2024

As the financial services industry is integrating AI in its offerings, consumers are becoming more accepting of the technology in day-to-day banking. “AI AI has been around in financial services and banking for 20 years,” Scott Hofmann, chief revenue officer at GFT Americas, told Bank Automation News.

AI 79

AI Automation Consumer Technology 79

Finovate

AUGUST 26, 2024

A partnership between regtech Themis and AI-powered regulatory compliance company Sei will provide financial institutions and fintechs with new tools to manage their marketing compliance operations. Sei’s technology leverages Large Language Models (LLMs) to convert regulations into actionable code.

Compliance 111

Compliance AI Regulatory Compliance Consumer Protection 111

Bank Automation

AUGUST 29, 2024

Canadian banks are continuing to invest in AI for improved client experiences and efficiencies. There is “continuous demand for digital innovation,” Karin Kirkwood, president of fintech Broadridge Canada told Bank Automation News.

AI 71

AI On-Demand Automation Continuity 71

Finovate

SEPTEMBER 19, 2024

As more and more processes in financial services become AI-enabled, the impact of AI on regulatory technology and compliance solutions has been profound. Tennis offers an automated AI compliance and risk management solution to help businesses better manage customer complaints and external communications.

Automation 59

Automation Compliance AI Risk Management 59

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. The BOTs will also allow for identifying contract clauses in an automated way.

Automation 97

Automation AI Bots Fraud Detection 97

Fintech News

SEPTEMBER 25, 2024

YouBiz, a corporate card and spend management platform by YouTrip , has announced a strategic partnership with CloudMile, a provider of cloud and AI services. The collaboration aim to provide local enterprises with cost-effective AI and fintech solutions to enhance productivity and manage cloud subscription costs.

AI 100

AI Cross-Border Automation FinTech 100

Bank Automation

DECEMBER 5, 2023

Financial institutions are looking to AI to fight fraud, but fraudsters are using the same technology to up their attacks. “Generative AI has become a game-changer for fraudsters,” Alex Tonello, chief revenue officer at risk intelligence platform Trustfull, tells Bank Automation News on this episode of “The Buzz” podcast.

AI 77

AI Financial Crimes Crime Automation 77

Bank Automation

SEPTEMBER 12, 2024

Bank of America is investing in technology initiatives as automation and digitalization remain priorities. trillion bank spends $12 billion annually on technology, a Bank of America spokesperson told Bank Automation News.

Technology 81

Technology Automation Innovation Posting 81

Bank Automation

MARCH 18, 2024

Wells Fargo has created a generative AI council within the organization to study implementation, development and deployment of gen AI. NASHVILLE, Tenn.

AI 81

AI Automation Consumer Technology 81

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 […]

AI 52

AI Automation Process Technology 52

Bank Automation

JANUARY 16, 2024

Technology leaders from PNC Financial Services will speak at Bank Automation Summit U.S. 2024 to discuss automation and creating a culture for AI. The speakers are Scott Kinross, senior vice president and software engineering director, and Anuj Shah, head of intelligent automation. CT on the […]

Automation 71

Automation AI Technology 71

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. The potential of the emerging technology certainly appears to be limitless.

AI 141

AI FinTech Financial Literacy Risk Management 141

Nanonets

APRIL 16, 2023

Source: esker The introduction of intelligent automation into the accounts payable process minimizes the risk of manual intervention, accelerates operations, and helps maintain compliance. It’s a technology that integrates complex accounting functions and can form an integral part of your core operations.

Automation 52

Automation AI Accounts Reconciliation 52