Segpay

OCTOBER 3, 2024

Jumio : A global provider of online identity verification, Jumio uses AI and biometrics to verify users by checking documents and live selfies. The system provides a simple “over or under” age threshold results to companies, ensuring compliance with age-restricted services. ID.me : A platform for identity verification, ID.me

Compliance 91

Compliance Verification Database Privacy 91

Fintech News

APRIL 16, 2024

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. Following a credit decision, gen AI can draft the credit memo and contract.

Risk Management 111

Risk Management AI Risk Use Case 111

The Fintech Times

JUNE 17, 2024

Stratyfy, a women-led fintech company, has revealed that its advanced AI technology can significantly enhance credit decisioning processes for small to midsize banks. Today’s findings indicate that we can successfully improve credit decisioning using AI that benefits both lenders and borrowers alike.

AI 105

AI Regulatory Compliance Financial Inclusion Rules 105

Fraud.net

NOVEMBER 24, 2023

In this digital age, anti-money laundering is challenging. Find out what regulations apply to AML in banks and how you can remain compliant.

Regulatory Compliance 52

Regulatory Compliance AML Money Laundering Compliance 52

The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. We asked industry experts to find out. Keeping up with this can be a true headache.”

Compliance 64

Compliance Rules Regulations Cybersecurity 64

Fintech News

FEBRUARY 14, 2024

Hawk AI, a Germany-based provider of artificial intelligence technology for fraud detection and anti-money laundering efforts, has announced Robin Lee as the new General Manager for its Asia-Pacific (APAC) operations. Robin Lee Robin Lee said, “I’m delighted to be joining Hawk AI. I’ve also been deeply impressed by the Hawk AI team.

APACS 109

APACS AI Financial Crimes Money Laundering 109

Finovate

JUNE 20, 2024

The rapid evolution of technology turned regulatory compliance into a daunting frontier. Misra , who sits at the forefront of this arena, is a pioneer in using LLMs to do the heavy lifting when it comes to compliance. Priya V Misra : EKAI is the first AI compliance ‘co-worker’ for risk and finance professionals.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

Innovative Payments Association

AUGUST 29, 2024

However, one major challenge that cannabis businesses face is banking compliance. To navigate the complex world of cannabis banking compliance, businesses must develop a strong compliance program. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

The Paypers

JUNE 19, 2023

UK-based company DirectID has partnered with Zinia AI to offer hyper-personalisation and to assist with regulatory compliance in the lending industry.

AI 67

AI Regulatory Compliance Compliance 67

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

Finextra

NOVEMBER 30, 2023

Global money laundering is estimated to account for a staggering two to five per cent of the world’s.

Regulatory Compliance 52

Regulatory Compliance Money Laundering Compliance AI 52

The Payments Association

JUNE 26, 2024

Exceptional customer service, enhanced by loyalty programs, financial tools, and advanced technologies like AI and biometrics, is vital for building trust and customer satisfaction. Regulatory compliance, particularly in data protection and consumer rights, remains essential. Read more

Digital Payments 110

Digital Payments Fraud Detection Regulatory Compliance Encryption 110

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.

AI 109

AI Innovation Financial Crimes Crime 109

The Fintech Times

SEPTEMBER 23, 2024

Artificial intelligence (AI) and environmental, social and governance are some of the industry’s favourite terms to throw around. AI promises to make a huge impact on every aspect of financial services, while ESG principles are important to abide by to ensure firms look after the planet and their people.

AI 59

AI Regulations Fraud Detection Regulatory Compliance 59

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

JULY 31, 2024

Collaborative efforts between industry leaders and regulators are essential to streamline compliance processes without stifling innovation.” The importance of remaining agile Peter Wood, CTO at Spectrum Search “Regulatory and compliance challenges are significant hurdles for impact platforms.

Compliance 64

Compliance AML Regulations Due Diligence 64

The Paypers

OCTOBER 2, 2024

FinCause has announced its partnership with iDenfy in order to integrate AI-powered ID verification, ensuring regulatory compliance and security against financial crime.

Regulatory Compliance 41

Regulatory Compliance Financial Crimes Crime Verification 41

Finextra

AUGUST 1, 2024

TransPecos Banks, an innovative Texas-based community bank, has selected Oscilar’s innovative AI-Powered AML Risk Platform to transform its compliance and risk management capabilities.

AML 52

AML Risk Regulatory Compliance Community Banks 52

Fintech Review

OCTOBER 1, 2024

These protocols are integral to combating financial crime and ensure regulatory compliance. The findings underscore the need for financial institutions (Fis) to balance stringent compliance measures with efficient, user-friendly onboarding experiences.

AML 98

AML Verification Research Consumer 98

Fintech Review

MARCH 27, 2024

We talk about how artificial intelligence can make things better for customers, tackle the worries some have about AI being unfair, and look at the big changes coming in fintech. Do you think that AI can really lead to improved outcomes for customers? It is also important to be transparent about how AI works and makes decisions.

AI 99

AI On-Demand Finance Regulatory Compliance 99

Finovate

AUGUST 26, 2024

In a recent post about the themes of FinovateFall 2024 (New York City, September 9 – 11), we recognized just how much our demoing companies were leveraging AI to help build innovative financial solutions in everything from payments and lending to cybersecurity and regulatory compliance.

AI 59

AI Credit Union Regulatory Compliance Research 59

The Fintech Times

JULY 31, 2024

The post Amica Mutual Insurance Leverages AI-Powered Property and Climate Risk Analytics From ZestyAI appeared first on The Fintech Times. “One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. Stolte , assistant vice president at Amica.

Risk 59

Risk AI Risk Assessment Assessments 59

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.

AI 122

AI Finance Fraud Detection Mitigation 122

Fi911

JANUARY 31, 2024

The advent of generative AI (or “Gen AI”) presents a remarkable transformation opportunity for the banking sector in 2024. While the promises of Gen AI are significant, there’s a looming concern about scammers exploiting this technology. Thus, while the excitement surrounding Gen AI is palpable, it is tinged with caution.

AI 88

AI MFA Regulatory Compliance Best Practices 88

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

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.

Central Bank 101

Central Bank AI Correspondent Bank Correspondent 101

PYMNTS

APRIL 10, 2020

In many realms of businesses, machine learning (ML) and artificial intelligence (AI) have yielded powerful tools to manage such complex matters. percent of organizations in this sector currently use AI, according to PYMNTS’ latest research. Yet, these advanced computational systems have a long way to go in healthcare administration.

AI 144

AI Fraud Detection Regulatory Compliance Risk Assessment 144

The Fintech Times

JANUARY 5, 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. In 2023, Salesforce published research revealing some of the biggest generative AI trends of the year.

AI 75

AI Database Financial Crimes Compliance 75

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.

AI 59

AI Automation Regulatory Compliance Rules 59

The Fintech Times

SEPTEMBER 3, 2024

This month, The Fintech Times is looking at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. The post September at The Fintech Times: Regtech appeared first on The Fintech Times.

FinTech 69

FinTech Regulatory Compliance Compliance Cybersecurity 69

Fintech News

JUNE 11, 2024

According to Hawk, the new funding will support its accelerated international expansion plans, driven by the growing demand for its AI-powered anti-financial crime technology. Its explainable AI approach allows financial institutions to reduce false positive rates and detect previously unseen and novel financial crimes.

Financial Crimes 106

Financial Crimes Crime Regulatory Compliance Fraud Prevention 106

Fintech Finance

JULY 24, 2024

Covaliu brings over 18 years of experience to the role, having worked at various global companies including Booking.com as Senior Risk Manager, Uber as Chief Risk and Compliance Officer, and Mambu as VP of Risk and Compliance. Simona Covaliu, Chief Risk Officer comments: “I’m excited to be taking on a new challenge at PayU GPO.

Risk 98

Risk Privacy Compliance Regulatory Compliance 98

The Fintech Times

MARCH 18, 2024

As the financial toll climbs, regulators worldwide are stepping up, implementing stricter security and compliance mandates to safeguard the digital payment ecosystem and enforce corporate accountability in fraud prevention. Multi-dimensional analysis AI algorithms are powerful detectives in the fight against fraud.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

FICO

JANUARY 18, 2023

The State of Responsible AI in Financial Services. The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. Regulation of AI is almost certainly on the way. FICO Admin. Thu, 12/19/2019 - 16:29. by Scott Zoldi.

AI 52

AI Regulatory Compliance Regulations Compliance 52

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities. Faisal I. ,

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Bank Automation

MARCH 26, 2024

This need is amplified by strict regulatory compliance […] In an era where the banking sector is grappling with a growing volume of documents, the need for efficient, accurate, and swift document processing systems has never been more critical.

Process 79

Process Regulatory Compliance SWIFT Volume 79

Fintech Review

JUNE 12, 2024

These challenges include legacy systems, regulatory compliance, and cultural resistance to change. Regulatory Compliance The insurance industry is heavily regulated, and new technologies must comply with existing regulations. Insurers need to navigate complex regulatory landscapes while implementing innovative solutions.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96