Finovate

APRIL 9, 2024

Regtech innovator Lucinity is starting to draw attention. At the conference, Lucinity demonstrated its AI-enabled copilot, Luci , which enhances financial crime compliance via insight generation, report writing, and automation. ” The company’s innovations have been noticed.

Automation 108

Automation Innovation AI Financial Crimes 108

Fintech Finance

NOVEMBER 19, 2024

Klara AI , a pioneering fintech startup, has today announced a collaboration with leading global fintech company Unlimit. Unlimit’s flexible and scalable BaaS solution will serve as the backbone of Klara AI’s financial infrastructure.

AI 75

AI Economy Financial Inclusion Innovation 75

Fintech News

NOVEMBER 19, 2024

Banking software provider Temenos has partnered with NVIDIA to offer banks on-premises generative AI solutions. This collaboration will enable banks to leverage the power of AI for real-time insights while maintaining data security and control.

AI 106

AI Money Laundering Privacy Innovation 106

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

Fintech News

DECEMBER 11, 2023

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The competition is divided into two primary areas.

Cross-Border 124

Cross-Border SWIFT AI Innovation 124

The Fintech Times

JULY 19, 2024

The Monetary Authority of Singapore (MAS) has committed an additional S$100million to support the development of quantum and artificial intelligence (AI) technologies in the financial sector. Nevertheless, the level of AI-readiness and adoption varies across financial institutions in Singapore.

AI 129

AI Fraud Detection Use Case Scams 129

Fintech News

OCTOBER 28, 2024

This year’s awards are also supported by 12 fintech community members, including Ripple, NETS, ADVANCE.AI, and HSBC, as part of the ‘Fintech Gives Back’ initiative, aimed at encouraging innovation and supporting emerging talent. Key features of ACP include ESG Integration in digital lending, AI-powered digital lending, etc.

AI 100

AI FinTech Innovation Payment APIs and Integration 100

Fintech News

NOVEMBER 6, 2024

Ant International is employing advanced artificial intelligence (AI) technologies to streamline and secure cross-border transactions for nearly 100 million SMEs across over 200 markets. One of its key innovations is an AI-powered foreign exchange (FX) model capable of predicting currency exchange rates hourly.

Cross-Border 106

Cross-Border AI Deepfake Transactions 106

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.

AI 81

AI FinTech Automation Innovation 81

Fintech News

DECEMBER 1, 2024

Announced by Senior Minister of State for Digital Development and Information, Tan Kiat How, the initiative aligns with the Digital Enterprise Blueprint and aims to drive wider adoption of generative artificial intelligence (Gen AI) solutions among Singaporean SMEs. of Singaporean SMEs have adopted any form of AI technology.

AI 66

AI Cybersecurity Addressing Authorization 66

The Fintech Times

AUGUST 14, 2024

Artificial intelligence (AI) has taken the financial world by storm in the last few years and has quickly found its way into every business and sub-sector there is. Perhaps unsurprisingly, regulations can struggle to keep up – leading to fresh calls for enhanced regulatory clarity regarding AI.

Treasury 68

Treasury AI Innovation FinTech 68

Fintech News

NOVEMBER 20, 2024

Global technology and innovation partner Zühlke took part in the Singapore Fintech Festival (SFF) 2024, demonstrating its commitment to driving impactful change in the financial technology landscape. Zühlke offered forward-thinking perspectives on the adoption of AI, digital money, and the future of work for talents.

AI 110

AI Finance APACS Regulatory Compliance 110

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 89

AI Innovation Fraud Detection Encryption 89

Finovate

OCTOBER 4, 2024

In its funding statement, the company noted that it plans to launch additional features including conversational banking and AI-driven automation and insights as part of its expansion plans. “Our vision was to create a space that not only inspires innovation but also brings people together,” Roos said.

AI 63

AI Innovation Payment APIs and Integration Online and Mobile Banking 63

The Fintech Times

SEPTEMBER 3, 2024

Business analytics enterprise, IBM , has unveiled new technologies designed to significantly scale processing capacity across IBM Z mainframe systems helping accelerate the use of traditional AI models and Large Language Models (LLMs).

Use Case 63

Use Case AI Innovation CHIPS 63

The Payments Association

NOVEMBER 8, 2024

It’s certainly not a secret that AI is reshaping the payments landscape, playing a pivotal role in fraud prevention, regulatory compliance, and enhancing customer experience. The integration of AI has transformed payment routing into a dynamic, intelligent, and highly adaptive process.

AI 88

AI Payment APIs and Integration Payments Acquirers 88

The Fintech Times

JUNE 12, 2024

As Dubai looks to cement its position as a global leader in the world of finance and AI, its new AI Campus cluster has already been inaugurated. Announced in 2023, the Dubai AI Campus is the largest dedicated cluster of AI and advanced tech in the MENA region.

AI 63

AI Innovation Economy Technology 63

The Fintech Times

NOVEMBER 29, 2024

Reference data today has applications far outside the traditional use case of post-trade reconciliation,” explained Ross Lancaster , head of research at Acuiti. “In That said, the adoption of AI is transforming how reference data is utilised, driving more sophisticated applications across the trade lifecycle.

Automation 63

Automation AI Reconciliation Use Case 63

Fintech Finance

APRIL 24, 2024

Zilch , the world’s first ad-subsidised payments network (ASPN), announces today that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of AI innovation across the Zilch proposition. The commercial impact of the use of AI and ML services will be substantial.

AI 52

AI Innovation Fraud Detection Underwriting 52

Fintech News

JULY 31, 2024

Digital banking software provider Backbase has launched its first global Center of Excellence (COE) for Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE, led by Backbase’s Head of AI Chris Shayan, will focus on developing AI solutions to enhance customer engagement and business outcomes in the banking sector.

AI 119

AI Industry Trends Innovation FinTech 119

The Fintech Times

AUGUST 14, 2024

Al Fardan Exchange, a financial services provider in the UAE, has partnered with the Dubai AI & Web3 Festival 2024 reflecting its commitment to advancing AI integration within the financial sector as well as supporting the UAE’s vision for a digitally advanced economy.

AI 105

AI Financial Inclusion Finance Underserved 105

Bank Automation

OCTOBER 29, 2024

Bank of America has secured nearly 1,100 AI and machine learning patents since 2022 as it continues to invest in innovation.

AI 64

AI On-Demand Automation Innovation 64

Fintech News

JULY 18, 2024

The Monetary Authority of Singapore (MAS) announced an additional commitment of S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support the development of quantum and AI technologies within the financial sector. to support the progressive adoption of AI technologies.

AI 115

AI Use Case Fraud Detection Scams 115

FloQast

SEPTEMBER 10, 2024

From the highest levels to the deepest valleys of hallucination , Gen AI’s potential, and its drawbacks, and, most relevantly here: How we see it impacting the accounting profession — now, and down the road. That’s why the shortage has made it imperative for us to harness AI’s potential. Capitalism marches on.

AI 99

AI Accounts Audit Compromise 99

The Fintech Times

NOVEMBER 28, 2024

Orange , the telecommunications and digital service provider, has partnered with artificial intelligence (AI) research firm, OpenAI and Meta , the multinational tech conglomerate to drive digital inclusion and growth in the Middle East and Africa (MEA). The initiative is a blueprint for how AI can be used to benefit those currently excluded.

AI 68

AI Use Case Mitigation Agreements 68

Fintech News

JUNE 24, 2024

Bank Negara Indonesia (BNI), an Indonesian state-owned commercial bank, has partnered with Cloudera to leverage generative artificial intelligence (Gen AI) for advancing its banking services. This move positions BNI among the first global enterprises to trial Cloudera’s AI Inference service, powered by NVIDIA NIM.

AI 113

AI Privacy Innovation Security 113

The Payments Association

NOVEMBER 20, 2024

The good news is that innovations in the AI space are making chargeback prevention a much more manageable prospect. Why are AI tools especially effective at fighting fraud? AI isn’t just a buzzword in cybersecurity. First, AI tools have much higher throughput than manual or non-software-based detection methods.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

The Fintech Times

OCTOBER 30, 2024

e& UAE , the telecom arm of e&, has unveiled a suite of AI-powered solutions designed to support SMEs in partnership with tech giant Microsoft. By harnessing the power of AI embedded in Microsoft 365 applications, businesses can streamline workflows, automate repetitive tasks, and unlock unprecedented creative potential.

AI 74

AI CRM Automation Innovation 74

Fintech Finance

NOVEMBER 29, 2024

MontyPay has been awarded the “Payment Innovation of the Year” accolade at the eCommerce Expo 2024, held in London. The eCommerce Awards celebrate excellence and innovation in the online retail space. The eCommerce Awards celebrate excellence and innovation in the online retail space.

Innovation 79

Innovation Payment Gateways Payments Gateways 79

Fintech News

SEPTEMBER 29, 2024

Payment giant Visa is set to acquire Featurespace, a company specialising in artificial intelligence (AI) technology for real-time payments fraud protection. Founded in 2008 at Cambridge University, Featurespace has developed AI-driven algorithms that can detect complex fraud patterns in transaction data.

Fraud Detection 105

Fraud Detection AI Acquirers Fraud Prevention 105

Fintech News

NOVEMBER 3, 2024

The Singapore Fintech Festival 2024 (SFF 2024) returns for its ninth edition from 6 to 8 November, with a focus on the impact of Artificial Intelligence (AI) and quantum technology on the financial sector. Additionally, public-private roundtables will aim to foster actionable outcomes in crucial areas.

AI 102

AI FinTech Financial Inclusion Finance 102

Fintech News

SEPTEMBER 30, 2024

The ENGAGE Asia 2024 event focused on the evolving role of AI in banking and customer-centric innovations aimed at driving return on equity (ROE) and advancing the next phase of Banking 4.0. The event highlighted Backbase’s growing presence in Asia, marked by the launch of a global AI Centre of Excellence in Ho Chi Minh City.

AI 111

AI Economy Returns Innovation 111

Fintech News

SEPTEMBER 24, 2024

Indonesia’s GoTo Group has unveiled Dira, an AI-powered voice assistant integrated into the GoPay app. Dira understands and responds to commands in Bahasa Indonesia, leveraging Google Cloud’s generative AI technologies, including Vertex AI, speech-to-text AI, and the Gemini 1.5 Flash large language model.

AI 111

AI Economy Innovation Technology 111

Fintech News

NOVEMBER 28, 2024

Through Airwallex Impact, the company is strengthening its social impact to support startups, drive innovation, and foster philanthropy in Singapore and beyond. Supporting Singapore’s Thriving Startup Ecosystem Singapore’s strategic location and robust fintech landscape make it an ideal hub for innovation.

Innovation 104

Innovation FinTech Continuity AI 104

Fintech Finance

AUGUST 14, 2024

Paddle , the payments infrastructure provider, has today opened applications for its third AI Launchpad, offering 75 ambitious AI founders the chance to participate in a 6-week program to help them build, launch and scale their AI-powered business ideas.

AI 89

AI Participant Database Innovation 89

The Fintech Times

JULY 12, 2024

The UAE launched its ‘Strategy for Artificial Intelligence’ (AI) in 2017 to integrate the use of the technology at all levels within the country. Seven years later, organisations continue to align themselves with the strategy, especially as AI’s popularity reaches new heights. ” J.K.

AI 68

AI Visa Economy Enrollments 68

The Fintech Times

FEBRUARY 2, 2024

It suggests that the UK government will need to engage with the nuances of open-source technology and open innovation and listen to its community. It suggests that the UK government will need to engage with the nuances of open-source technology and open innovation and listen to its community. Open models are innovation enablers.

AI 63

AI Government Governance Innovation 63