Fintech News

JUNE 2, 2024

Swift, the global financial messaging cooperative, has announced two AI-driven experiments in collaboration with member banks to combat cross-border payments fraud which could potentially save the industry billions in fraud-related costs. This initiative could transform confidential data sharing and improve global fraud detection.

Cross-Border Payments 124

Cross-Border Payments Cross-Border SWIFT AI 124

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?

AI 141

AI FinTech Financial Literacy Risk Management 141

Seon

APRIL 23, 2024

As an umbrella term, fraud risk management encompasses the systematic processes of identifying, assessing and responding to an organization’s fraud risk. In the digital age, leveraging technology in fraud risk management is beneficial and essential in protecting an organization to ensure its long-term viability and success.

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

Finovate

FEBRUARY 6, 2024

Embedded finance platform Liberis announced a partnership with identity risk management innovator Alloy. Embedded finance platform Liberis has teamed up with identity risk management innovator Alloy. Embedded finance platform Liberis has teamed up with identity risk management innovator Alloy.

Risk Management 59

Risk Management Risk Embedded Finance Compliance 59

The Fintech Times

SEPTEMBER 14, 2024

Having already explored compliance challenges, penalties and solutions, we now turn our attention to the technology of the moment: AI. While we’re well aware that AI is currently spoken about in absolutely every context, we also understand the huge impact it can have across sectors and operations.

Compliance 69

Compliance AI Process Suspicious Activity Report (SAR) 69

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

AI 117

AI Finance Risk Management Risk 117

The Fintech Times

JANUARY 30, 2024

Themis , the financial crime tech firm has reinforced its commitment to preventing financial crime as it launches its new risk management cloud service, hosted in Saudi Arabia. ” Key features include: Advanced AI-based financial crime prevention technology: offering clients state-of-the-art tools to safeguard their operations.

Financial Crimes 59

Financial Crimes Risk Management Crime Risk 59

Finovate

MAY 13, 2024

The rise of enabling technologies such as AI will both steepen customer expectations as well as accelerate competition between companies to effectively deploy new, innovative solutions. The insurance business is ripe for innovation. There are obstacles. Looking at the U.S.,

AI 119

AI Federal Reserve Underwriting Risk 119

Finovate

MARCH 13, 2024

The EU Parliament approved the Artificial Intelligence (AI) Act today. It’s no secret that AI is a double-edged sword. However, delineating the boundaries of AI’s applications and capabilities is challenging. This will impact how banks and fintechs use AI for customer interactions, underwriting, and fraud detection.

AI 111

AI Laws Fraud Detection Assessments 111

Fintech Review

SEPTEMBER 5, 2024

Palo Alto, California, United States, September 5th, 2024, Chainwire AI-driven platform detects fraud at its earliest stages, preventing billions in potential crypto losses As scams grow more sophisticated and increasingly target crypto for laundering billions in losses, CUBE3.AI AI is pioneering a new era in fraud prevention.

Scams 52

Scams Blocks AI Fraud Prevention 52

The Fintech Times

SEPTEMBER 2, 2024

Ant International , the digital payment and fintech company, has joined forces with Dock , a payments and banking technology provider in Latin America, to offer new AI-driven credit technology solutions in Brazil. However, significant opportunities remain to further support MSMEs and other financially constrained groups.

Financial Inclusion 72

Financial Inclusion AI Underserved Underwriting 72

Fintech News

SEPTEMBER 16, 2024

Recorded Future specializes in real-time threat detection, using AI and data analysis to provide actionable insights to clients, including governments and Fortune 100 companies. Recorded Future’s AI-powered platform simplifies threat intelligence, improving risk management for clients. trillion by 2024.

Visa 110

Visa Acquirers Cybersecurity Fraud Prevention 110

Finovate

MAY 16, 2024

As the banking sector stands at the precipice of a new era powered by fintech innovation, mastering the rapid deployment of AI technologies is not just beneficial—it’s imperative. Implementing Human Experience-Centric AI Solutions At the heart of technological advancements lies the need to enhance human interactions.

AI 72

AI FinTech SWIFT Fraud Detection 72

Fintech News

MARCH 27, 2024

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. The Protect suite is among nearly 200 products under Visa’s portfolio, covering critical areas such as Acceptance, Advisory, Issuing, Open Banking, and Risk and Identity.

Fraud Prevention 105

Fraud Prevention AI Value Added Service Fraud Detection 105

Fintech Finance

MAY 30, 2024

Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs. AI’s capability for confidential data sharing could be a game-changer for the industry.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT AI 64

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

The Fintech Times

MARCH 27, 2024

Visa has introduced three new AI-powered risk and fraud prevention solutions to enhance security in digital payments. Utilising deep learning AI risk models and vast amounts of contextual data, VDA offers a new transaction risk scoring mechanism specifically optimised for card not present (CNP) payments.

Fraud Prevention 59

Fraud Prevention AI Value Added Service Fraud Detection 59

Fintech News

JANUARY 18, 2024

The emergence of generative artificial intelligence (AI) represents a pivotal moment in the technological evolution, significantly altering the digital financial services landscape in the Asia Pacific region. Here are five real-world applications of generative AI in Asia. trillion to US$4.4

AI 107

AI Financial Crimes Crime SWIFT 107

The Fintech Times

MARCH 13, 2024

Lloyd’s , the insurance and reinsurance marketplace, has published a new report, revealing how the rapid evolution of generative artificial intelligence (AI) technology could impact the cyber risk landscape, requiring businesses to build greater resilience to these evolving threats.

Risk Mitigation 59

Risk Mitigation Mitigation AI Risk 59

Fintech News

DECEMBER 5, 2023

The recent introduction of OCBC GPT, its AI chatbot powered by Microsoft’s OpenAI, showcased the bank’s commitment to harnessing generative AI productivity tools for operational efficiency and employee productivity. How did OCBC GPT materialise?

AI 103

AI SWIFT OCC Risk Management 103

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 85

AI MFA Regulatory Compliance Best Practices 85

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

FICO

DECEMBER 15, 2020

I’m thrilled that FICO has been named as the Category Leader for Innovation in the recently published 2021 Chartis RiskTech 100. Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud.

Innovation 52

Innovation Risk Management Best Practices Financial Crimes 52

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. On-Demand Insurance Another innovation is on-demand insurance, which allows customers to purchase coverage when needed.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

The Fintech Times

MAY 22, 2024

We set out to find out about the latest innovations in the world of crypto. For Danny Chong , co-founder of Tranchess , the yield-enhancing asset tracker, the innovations enabling the convergence between the old ways of finance and the new are the ones to take the most notice of. Major blockchain networks such as Ethereum 2.0

Cryptocurrency 78

Cryptocurrency Innovation Bitcoin Blockchain 78

Bank Automation

JANUARY 17, 2024

In 2023, financial institutions continued to look to third-party vendors for innovative solutions to enhance their offerings. banks are most eager to partner in the following three areas: Payments and money movement; Fraud and risk management; and Mobile […] A December report by Scottdale, Ariz.-based

Third Party Vendors 63

Third Party Vendors Transactions Advisors AI 63

The Fintech Times

DECEMBER 7, 2023

FinTech Scotland has launched the Financial Regulation Innovation Lab (FRIL) – an initiative that will help shape the future regulatory landscapes in the UK and around the globe. FRIL will help ignite employment creation and business opportunities, while also unlocking the potential of future talent.

Regulations 59

Regulations AI FinTech Financial Crimes 59

Global Fintech & Digital Assets

NOVEMBER 1, 2023

As regulatory thinking evolves, firms must ensure that any current or planned use of AI complies with regulatory expectations. The FCA recently highlighted that we are reaching a tipping point whereby the UK government and sectoral regulators need to decide how to regulate and oversee the use of AI. By Fiona M.

AI 52

AI Regulations Financial Crimes Governance 52

Tearsheet

AUGUST 7, 2024

Morgan’s extensive client relationships with Slope’s AI-driven B2B payment platform. Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. What specific capabilities or innovations from Slope attracted J.P. The partnership brings together J.P.

AI 59

AI B2B Finance Underwriting 59

Fintech Review

JULY 2, 2024

In 2024, advancements in RegTech are revolutionizing how firms manage regulatory requirements, leveraging innovations such as AI-driven monitoring and big data analytics to enhance efficiency and transparency. Furthermore, AI enables proactive risk management by predicting potential compliance issues before they escalate.

Compliance 98

Compliance Regulatory Compliance AI Interoperability 98

The Fintech Times

DECEMBER 19, 2023

Today we hear from industry experts on the growing impact of AI across various sectors and industries, highlighting its potential for transformation, efficiency improvement and enhanced customer experiences in 2024.

AI 78

AI Embedded Finance Due Diligence Finance 78

Finovate

SEPTEMBER 10, 2024

After two days of live demos from more than 65 fintech companies, the attendees of FinovateFall 2024 have made their decisions as to which of these innovators will take home Finovate’s coveted Best of Show awards. Assistant , a virtual AI-powered assistant that revolutionizes finance.

Deepfake 105

Deepfake Innovation Advisors Risk Management 105

Nanonets

DECEMBER 25, 2023

Traditionally, this process has been plagued by manual errors, time-consuming verifications, and a plethora of administrative challenges, prompting the healthcare industry to seek innovative solutions. Enter Artificial Intelligence (AI), a technological powerhouse reshaping industries across the globe.

AI 59

AI Process Payer Fraud Detection 59

PYMNTS

DECEMBER 19, 2018

19) that it has inked a partnership deal with Feedzai, an artificial intelligence (AI) developer for real-time risk management across banking and commerce. Our strategic partnership with Feedzai demonstrates our deep commitment to using technology to drive innovation.

Risk Management 65

Risk Management Treasury Risk Instant Payments 65

Fintech News

JULY 17, 2024

The company offers access to alternative assets, liquidity through credit lines, and AI-driven investing in public markets. It also uses AI to create personalised, automated portfolios, enabling direct indexing for risk management. With dual-headquarters in Singapore and the U.S.,

Finance 109

Finance Accreditation AI Encryption 109

Nanonets

FEBRUARY 12, 2024

Among the sectors witnessing a seismic shift, the lending and loan management world stands at the forefront of this AI-powered evolution. In this blog, we'll explore how AI is not just a tool but a paradigm shift, altering lending institutions' DNA and redefining the borrower-lender relationship. The result?

AI 52

AI Fraud Detection Regulatory Compliance Automation 52

The Fintech Times

MARCH 8, 2024

Five new firms have been chosen to join the Investment Association ‘s (IA) fintech hub and accelerator, IA Engine’s Innovator Programme. The Innovator Programme has already connected our industry to 35 leading buy-side fintech firms, all of which utilise the latest advances in technology.

Innovation 59

Innovation FinTech Best Practices Advisors 59