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. Teams are not permitted to submit pre-existing solutions or products as part of their challenge submissions.

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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.

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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.

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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.

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Fintech Finance

AUGUST 13, 2024

B2B order-to-cash and digital payments market leader, has announced that Corrie DeCamp joins Billtrust , as Chief Product Officer. With over 30 years of experience managing enterprise solutions, she will lead Billtrust’s product strategy and vision and report to Chief Technology Officer Joe Eng.

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Bank Automation

SEPTEMBER 10, 2024

As JPMorgan Chase leans into AI-driven products, Jameson Troutman, head of product for small business, is dedicated to innovating based on client need. Some of the […] The post 5 questions with … JPMorgan Chase Head of Product for Small Business Troutman appeared first on Bank Automation News.

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Fintech News

SEPTEMBER 10, 2024

Founded by former Google executives and based in both the US and Singapore, Arta Finance aims to provide broader access to financial tools and products typically available only to the ultra-wealthy. The investment will support the expansion of Arta Finance ‘s digital wealth platform in Singapore and internationally.

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Bank Automation

MAY 24, 2024

Synchrony Financial is investing in training its employees on emerging technology, with a focus on AI and automation. The $117 […]

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AI Cybersecurity Automation Innovation 102

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.

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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.

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Fintech News

JUNE 20, 2024

Will Generative AI in payments accelerate financial institutions on their path to increased revenue and cost optimisation? Even more reassuring, 54% of FSIs surveyed in EMEA, USA, and APAC are already embedding AI into their offerings or expanding their initiatives, and 61% plan to use Gen AI in 2024.

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The Fintech Times

FEBRUARY 8, 2024

MedibleGo was created with the purpose of empowering micro, small and medium enterprises (MSMEs) through advanced AI technology. It has reached its next milestone in achieving this mission as it has been awarded a grant by Innovate UK , the UK’s innovation agency.

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Fintech News

JUNE 18, 2024

The advancement of generative artificial intelligence (gen AI) has opened up new commercial, social, and technological opportunities. The document, released in May 2024, outlines challenges associated with gen AI and shares a comprehensive gen AI risk framework to guide financial institutions in using the technology in a responsible manner.

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AI Use Case Risk Deepfake 109

The Fintech Times

AUGUST 23, 2024

Future Finance is a collaborative research project aiming to support mid-tier organisations and small to medium-sized businesses (SMEs) in the UK financial services sector to adopt innovative processes and products that improve accessibility of their services.

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The Fintech Times

FEBRUARY 7, 2024

The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.

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Open Banking Excellence

JANUARY 18, 2024

As we enter an exciting new year, businesses worldwide are ratcheting up artificial intelligence (AI) investment. Those that race ahead will challenge their rivals on growth, productivity, and financial performance – and those that fall behind risk irrelevance in a rapidly changing marketplace. reduction in overall headcount.

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AI Best Practices APACS Innovation 130

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?

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AI FinTech Financial Literacy Risk Management 141

Finovate

MAY 13, 2024

AI integration specialist AI Squared acquired open-source Reverse ETL (rETL) company, Multiwoven. The acquisition follows AI Squared’s $13.8 AI Squared made its Finovate debut at FinovateSpring 2023. AI integration platform AI Squared has acquired open-source Reverse ETL (rETL) company Multiwoven.

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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. per cent) targeting financial institutions now use AI, according to a recent study by digital identity and fraud prevention solution Signicat. Over a third of fraud attempts (42.5

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SWIFT AI Fraud Detection Fraud Prevention 124

The Fintech Times

SEPTEMBER 4, 2024

Developers working with AI reportedly feel ‘overwhelmingly positive’ about its benefits to business strategy, according to the new ‘2024 API Impact Report’ from Kong Inc , a developer of cloud API technologies. While AI enables platforms to become intelligent, APIs are what build the platform.

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Fintech Review

JULY 16, 2024

Open banking is transforming the financial landscape by fostering innovation , competition, and improved customer experiences. This practice allows third-party providers (TPPs) to access banking data with customer consent, enabling the development of new financial services and products.

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Innovation Consumer API Financial Inclusion 98

Fintech News

JUNE 12, 2024

Prudential plc has announced the appointment of Grace Park as its new Chief Data, Analytics & AI Officer, effective 7 June 2024. In her new role, Park will focus on enhancing Prudential ‘s use of data and artificial intelligence (AI) to drive growth and improve efficiencies.

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AI Consulting Governance Government 102

Open Banking Excellence

AUGUST 23, 2023

How can businesses unlock the productivity gains of AI whilst mitigating the risk of ‘hallucinations’ and solving challenges around toxicity, privacy, bias, and data governance, asks Paul O’Sullivan, SVP Solution Engineering at Salesforce? When Was Generative AI First Created? So how should companies do this?

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AI Risk Online and Mobile Banking CRM 130

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.

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AI Credit Union Regulatory Compliance Research 59

Finextra

MAY 15, 2024

Modern Treasury, essential infrastructure for the new era of payments, today introduced new innovations to its Reconciliation product and AI tools to help companies automate complex reconciliation challenges.

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Fintech News

FEBRUARY 22, 2024

Payment giant Visa has unveiled its newly transformed Innovation Center in Singapore which will serve as a collaborative space for partners, clients, and businesses across the Asia Pacific region, fostering the development of advanced payment solutions.

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Finovate

JUNE 17, 2024

AI may be one of the most misunderstood concepts in financial services at the moment. Accenture’s AI report helps demystify a bit of the AI enigma. The firm spent multiple years surveying executives in a range of industries to compile a report detailing how to harness the power of AI.

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Fintech News

FEBRUARY 15, 2024

2024 is expected to be a year of innovation for the fintech industry, marked by advancements in artificial intelligence (AI), cross-border and real-time payments, cryptocurrency and blockchain, and bundled software-as-a-service (SaaS) offerings.

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Innovation FinTech Cross-Border Payments Cross-Border 105

The Fintech Times

MAY 14, 2024

Harnessing innovative technology in all facets of work is crucial to setting a company apart from its competitors. Celebrating another milestone in harnessing an innovative technology, namely generative artificial intelligence (gen AI), Klarna , the AI-powered global payments network has hit 87 per cent gen AI adoption rates among employees.

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Legal AI Payment Networks Global Payments 116

Fintech News

MAY 13, 2024

Banking software company Temenos announced the launch of its new Responsible Generative AI solutions, aimed at enhancing core banking operations at the Temenos Community Forum 2024. The company introduced these AI solutions to integrate with its existing banking platforms, including Temenos Core and Financial Crime Mitigation (FCM).

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AI Financial Crimes Crime Mitigation 81

The Fintech Times

APRIL 15, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so.

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Finextra

MAY 23, 2024

Join FinextraTV at the Temenos Community Forum 2024 in Dublin as Prema Varadhan, President Product & COO of Temenos, delves into the transformative potential of artificial intelligence in banking.

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AI Use Case Compliance Risk 72

Fintech News

MAY 22, 2024

Artificial Intelligence (AI) is revolutionising the financial sector, transforming how institutions operate and cater to their clientele. As AI becomes increasingly integrated into finance, it is reshaping how we manage and interact with our money daily. By harnessing the power of AI, Dyna.Ai

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AI Finance Risk Management Risk 103

Fintech Finance

AUGUST 14, 2024

TransUnion , a global information and insights company, and receeve, an all-in-one platform for collections and recovery, proudly announce a strategic partnership to deliver increased collections autonomy and profitability through AI-powered insights and strategy optimisation, all seamlessly integrated into the receeve platform.

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The Fintech Times

APRIL 9, 2024

With an impressive array of nominees representing innovation, creativity and resilience, this year’s shortlist showcases the notable achievements shaping the future of finance. Their meticulous evaluation process considered factors such as innovation, impact, scalability and potential for industry disruption.

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FinTech Innovation AI Finance 113

The Fintech Times

MAY 16, 2024

Kick-starting our focus this May, we first look at some of the latest innovations seen in the digital asset ecosystem during the past year. Martin Goycoolea Scott , product lead and builder at web3 wallet Zeal , explains: “It’s been an exciting year for digital assets.

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