The Fintech Times

MAY 30, 2024

At the World Blockchain Summit, Mark Walker, Editorial Director of The Fintech Times, sat down with James Blunden, Co-founder and COO of WebsiteAI, to discuss the innovative AI-driven website builder tailored for the Web3 space. The tool allows users to create websites entirely through AI prompts.

Blockchain 59

Blockchain AI Bots Privacy 59

Nanonets

JUNE 5, 2023

In this comprehensive guide, we'll explore everything you need to know about RPA - from what it is and how it works to its benefits, use cases, pitfalls and more. Robotic Process Automation (RPA) is a game-changing technology that enables businesses to automate repetitive and mundane tasks using software robots.

Automation 85

Automation Process Bots Use Case 85

PYMNTS

JANUARY 10, 2017

Regardless of whether all those Alexas were successful in their purchases, it begs the question if bots are being too helpful and perhaps collecting too much data from people. “It So, while nannies can relax, there is the concern that bot and AI services may be listening to those interactions, whether users are OK with it or not.

Bots 43

Bots Laws Privacy AI 43

Fintech News

APRIL 16, 2024

With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services. The BOT expects the advent of digital banking to heighten customer experiences, enhance financial services accessibility, and lower fees for consumers.

FinTech 115

FinTech Bots Central Bank Innovation 115

Nanonets

JUNE 5, 2023

In this comprehensive guide, we'll explore everything you need to know about RPA - from what it is and how it works to its benefits, use cases, pitfalls and more. Robotic Process Automation (RPA) is a game-changing technology that enables businesses to automate repetitive and mundane tasks using software robots.

Automation 52

Automation Process Bots Use Case 52

Nanonets

AUGUST 16, 2024

  This automation process leverages cutting-edge tools such as machine learning (ML), artificial intelligence (AI), and natural language processing (NLP).  Try Nanonets' free AI-powered OCR and workflow automation. For example, AI can easily read and verify receipts and reports against the policy terms.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Fintech News

APRIL 28, 2024

SymphonyAI launches AI-based SensaAI SymphonyAI, a provider of predictive and generative enterprise AI SaaS solutions, announced the availability of SensaAI for sanctions, a platform-agnostic “AI upgrade” for any sanctions solution in APAC.

Payment APIs and Integration 112

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 112

Nanonets

AUGUST 20, 2023

Understanding Robotic Process Automation Robotic Process Automation, or RPA, is a technology that uses software robots, or bots, to automate repetitive tasks and processes. These bots mimic human actions by interacting with various systems and applications, such as data entry, screen scraping, and decision-making.

Bots 52

Bots Automation API Process 52

PYMNTS

APRIL 19, 2018

The banking industry is racing to embrace AI technology. He and his team, at The Open Vault (TOV) are looking to keep pace with other banks by debuting their own AI integrations. He and his team, at The Open Vault (TOV) are looking to keep pace with other banks by debuting their own AI integrations.

AI 40

AI AML Authentication Use Case 40

PYMNTS

APRIL 6, 2018

Kudry said he and his co-founder, Alex Sismanis, decided there was an opportunity to give people a better way to buy and sell crypto, by building a knowledgeable, AI-based chatbot “friend” named Ben “so that everyone could have an actual expert to talk to about bitcoin.”. “And there aren’t really a lot of experts in such a new space.”.

Bitcoin 69

Bitcoin AI Cryptocurrency Bots 69

Nanonets

AUGUST 14, 2024

In the AI space, where technological development is happening at a rapid pace, Retrieval Augmented Generation, or RAG, is a game-changer. But what is RAG, and why does it hold such importance in the present AI and natural language processing (NLP) world? LLMs, like GPT-3, are AI bots that can generate coherent and relevant text.

Database 52

Database AI Best Practices Research 52

Nanonets

OCTOBER 24, 2023

Introduction Retrieval Augmented Generation, or RAG, is a mechanism that helps large language models (LLMs) like GPT become more useful and knowledgeable by pulling in information from a store of useful data, much like fetching a book from a library. When a question pops up, this is where the system looks for answers.

AI 59

AI Database Process Automation 59

PYMNTS

AUGUST 1, 2017

Learning how to best leverage this relatively new interactive revenue option with smart technology and artificial intelligence (AI) that provides instant consumer feedback, automates routine processes and enhances overall retail operations makes chatbots alluring. Having a chatbot is nothing new for the retail industry. million.

Bots 46

Bots AI Technology Research 46

PYMNTS

SEPTEMBER 17, 2020

Other account takeover (ATO) schemes involve bots, which can conduct some 100 hits per second. Solutions often incorporate artificial intelligence (AI) and machine learning (ML) to verify governmental IDs and help rule out potential scams or cybercriminal exploitation.

Verification 89

Verification Authentication Economy Data Breach 89

PYMNTS

OCTOBER 18, 2016

While not fully mainstream — most customers don’t even realize they’re connected to a bot — they do seem to be popping up everywhere. Aceworkgear , for example: Did it scoot out and boot the bots too early ? Do we accept bots for what they are and then just wait for the better version to come out? Who’s to say? “On

Bots 76

Bots CRM Automation Credit Cards 76

PYMNTS

OCTOBER 8, 2018

. “The media has declared chatbots the digital version of the little black dress: a technology staple that every brand must now have and every payment type must now commerce-enable,” Karen Webster wrote about six months into the great bot binge of the extreme excitement gunning up in the ecosystem around them.

Bots 67

Bots Push-to-Card Economy Blocks 67

PYMNTS

OCTOBER 4, 2019

As part of that awareness, companies across all industries are realizing the strategic value of accounts payable (AP) automation and developing an understanding of emerging technology like artificial intelligence (AI) that plays a critical role in AP automation solutions. Another use case involves invoice ingestion.

Technology 56

Technology FinTech Bots Innovation 56

CB Insights

NOVEMBER 6, 2018

GAFA’s search data, smart home devices, advertising and marketing capabilities, and more offer compelling use cases for the beauty industry. Amazon Echo and Alexa pursue beauty use cases. Messenger taps brands for beauty bots. The company is also reportedly developing AI tools to track these accounts.

Bots 72

Bots Use Case Product Consumer 72

PYMNTS

DECEMBER 5, 2019

Hochrieser related an incident in which fraudsters used artificial intelligence (AI) to impersonate the CEO of a German firm’s parent company, which in turn spurred another executive to wire nearly $250,000 to a foreign bank account. The best defense against the fraudster armed with AI is to use AI to fight the battle.

Deepfake 55

Deepfake Verification AI Authentication 55

PYMNTS

MAY 25, 2017

The cost of actually operating a call center continues to expand as the agents are getting involved in more and more complex use cases. Obviously, the goal is to arrest those costs and reduce them if at all possible, especially if they can do it by being more accurate and reduce the number of calls to the center.”.

Service Provider 40

Service Provider AI Consumer Use Case 40

PYMNTS

SEPTEMBER 19, 2016

Technology enthusiasts draw pictures on whiteboards showing bots as the new king of the stack, out-stacking the last great stack — apps, which sit on top of the next-to-last great stack — mobile operating systems, which sit on top of the next-to-next-to-last great stack — the web. So, what gives?

Bots 79

Bots Credential Online and Mobile Banking Payments 79

Nanonets

JANUARY 17, 2024

It's designed to streamline a variety of tasks, particularly for enterprise-level operations, by combining digital, robotic, and business process automation with a layer of AI. Integrating AI for Enhanced Automation One of the highlights of Power Automate is its AI-powered automation builder. plan for 750 tasks.

Payment APIs and Integration 52

Payment APIs and Integration Automation CRM API 52

PYMNTS

SEPTEMBER 19, 2017

But they quickly struggled with consumers, because, in many cases, they seemed to offer, at best, a more labor-intensive version of digital interactions that were actually more easily done through apps or web interfaces. The Simon Facebook Messenger bot provides an always-on, instantly available digital concierge experience.

Bots 43

Bots Consumer AI Use Case 43

PYMNTS

DECEMBER 6, 2016

It also links customers to an online supermarket where they can then click through to purchase all those “bot-selected” ingredients. This bot also makes it simple to buy ingredients right in the chat, which is an especially helpful feature during this always busy time of year.”. But not everyone agrees. However, there are exceptions.

Bots 78

Bots Online and Mobile Banking AI Use Case 78

Finovate

AUGUST 14, 2024

And recent fintech news headlines have helped remind us all of how broad the frontlines are. From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

CB Insights

SEPTEMBER 14, 2017

Artificial Intelligence (AI) is fundamentally changing how businesses operate across all sectors, including manufacturing, healthcare, IT, and transportation. Advancements in AI over the last decade are presenting opportunities for companies to automate business processes, transform customer experiences, and differentiate products offerings.

AI 78

AI Automation Research Due Diligence 78

Nanonets

AUGUST 8, 2023

They use AI technologies like Natural Language Processing (NLP), voice analytics, and Optical Character Recognition (OCR) to extract, analyze, and interpret data. Customer service: Bots can be used for contact center automation. Source: Dialpad Dialpad AI Contact Center helps streamline customer interactions.

Automation 52

Automation Payroll Bots Payment APIs and Integration 52

CB Insights

OCTOBER 31, 2019

That year, Facebook made the Messenger bot platform the centerpiece of its F8 developer conference. For one, consumers found that many of the tasks the first chatbots were built to perform — like relaying the news or finding a recipe — took more time when a bot was involved. In 2016, chatbots were all the rage. Source: Engadget.

Bots 78

Bots Legal Online and Mobile Banking Research 78

PYMNTS

NOVEMBER 16, 2018

That idea served as a major thread in a recent PYMNTS podcast discussion between Karen Webster and Brighterion CEO Dr. Akli Adjaoute about artificial intelligence (AI) and payments. Companies can use AI to strengthen the level of insight they have about markets, customers, everything,” Adjaoute said. That’s the promise.

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43

Nanonets

SEPTEMBER 20, 2023

  Furthermore, this method uses “support” and “confidence” parameters to identify patterns within the dataset and make it easier for extraction. The most frequent use cases for association techniques would be invoices or receipts data extraction. to avoid as well.

Database 52

Database API AI Use Case 52

CB Insights

JULY 20, 2017

We used CB Insights data to identify over 135 cybersecurity companies with specific use cases for financial services, and categorized them into a market map spanning 16 key categories and subcategories. The map is not meant to be exhaustive of companies in the space and the categories are not all mutually exclusive.

Cybersecurity 30

Cybersecurity Security AML PCI DSS 30

PYMNTS

JULY 25, 2018

The rapid rise of artificial intelligence (AI)-powered voice-based assistants have been the exception to that rule. An AI assistant wasn’t necessarily unheard of 10 years ago — but for the average customer, it fell into the realm of fantastical technologies that they were most likely to encounter as a plot device in a summer blockbuster.

AI 40

AI Online and Mobile Banking Consumer Technology 40

CB Insights

JANUARY 4, 2018

When artificial intelligence (AI) and its impact on jobs and the economy comes up, the conversation centers on blue collar jobs. such jobs at risk in the USA due to AI. But, the jobs of MBAs and their white-collar brethren will also be impacted dramatically by AI. Per The State of Automation Report , there are 4.6M

AI 75

AI Automation Audit Consulting 75

PYMNTS

JULY 24, 2020

As he noted, Mitek incorporates artificial intelligence (AI) to perform complex tasks invisibly in the background. Algorithms check the portrait on the ID to make sure it’s a human face, examining image quality and looking for indications of photocopying or digital alteration.

Verification 83

Verification Authentication AI Phishing 83

Nanonets

MARCH 22, 2023

This technology is widely used in automation to digitize and streamline data processing tasks that were previously done manually. Get Started for Free Schedule a Demo How to set up Automated OCR Workflows We will now discuss businesses that provide services for all the OCR use cases mentioned in the above section.

Automation 52

Automation Payment APIs and Integration Legal API 52

Nanonets

APRIL 14, 2023

  With the growing recognition of the tediousness of the process and the advances in technology, digital tools are being used for document processing.  The Data validation: After the data extraction process is completed, RPA (Robotic Process Automation) bots are used to check and validate the processed data.

Process 98

Process Automation Database Legal 98

Nanonets

JULY 14, 2024

Key Invoice Features: AI-powered invoice capture and data extraction Customizable approval workflows Integration with major accounting software (e.g., Its bot, Billy , learns from user behavior to automate coding and routing. Nanonets is an invoice management system that everyone can use, not just the finance team.

Automation 52

Automation Process Multi-Currency Online and Mobile Banking 52