Fintech Finance

AUGUST 15, 2024

Using Google Cloud’s Vertex AI platform, Sionic is able to help financial institutions and retailers detect fraud more effectively. Sionic teamed with Google Cloud Consulting to design and build the specific use case AI models.

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AI Fraud Detection Technology Real Time Payments 97

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. For every positive use case, there are multiple ways humans can use the technology for nefarious purposes. Member states agreed upon the regulation in December 2023.

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AI Laws Fraud Detection Assessments 111

Fintech News

DECEMBER 6, 2023

These technologies allow for the easy integration of corporate data into AI assistants, enhancing the utility of large language models (LLMs) for various applications. While consumers are rapidly adopting AI-powered LLMs, banks are proceeding with caution, mindful of data security. Google with benefits?

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Innovation AI Use Case Posting 99

The Fintech Times

MAY 20, 2024

During the two day event in Dubai, we sat down with Vanessa Colella , global head of innovation and digital partnerships at Visa , to get her takes on some of the biggest topics currently gripping the world of finance. These firms tend to drive a fair bit of their innovation from economies where payments infrastructure is fairly mature.

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Embedded Finance AI Finance FinTech 103

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

The Fintech Times

AUGUST 6, 2024

Artificial intelligence (AI) has been identified as a key accelerator in the fintech sector and as such, Microsoft and dLocal have partnered, integrating AI solutions to help both firms meet their goals. The announcement was made at an event in Montevideo: Microsoft’s AI Innovation Lab.

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Financial Inclusion AI Use Case FinTech 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.,

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AI Federal Reserve Underwriting Risk 119

Finovate

JULY 15, 2024

Enjoy insights on AI in banking, AI in small business lending, and the future of financial wellness, debt collection, and credit-building. Greg Palmer interviewed Maya Mikhailov, CEO of SAVVI AI , on the importance of bringing concrete value to banks through AI. How is AI changing the nature of SMB loan origination?

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AI Credit Union Non-Bank Origination 64

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

Finovate

AUGUST 13, 2024

Financial crime compliance platform Lucinity announced a strategic partnership with AI data management company Knights Analytics. The partnership will bring advanced AI-powered data management capabilities to bear to fight financial crime. Lucinity made its Finovate debut at FinovateSpring 2023 in San Francisco.

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Financial Crimes Crime Compliance AI 59

The Fintech Times

MAY 16, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. 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.

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Innovation Blockchain Stablecoins AI 80

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. Use cases of AI in finance.

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AI Finance Fraud Detection Mitigation 122

The Fintech Times

AUGUST 2, 2024

The European Union ‘s latest AI Act, published yesterday, reflects the forward-thinking and innovation-driven attitude of the region as it looks to regulate the way organisations develop, use and apply artificial intelligence (AI). Specific transparency risk involves AI systems like chatbots.

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AI Compliance Regulations Risk 59

Fintech Finance

JANUARY 12, 2024

Artificial Intelligence (AI) has grabbed the spotlight, with around $190 billion being invested in this trailblazing technology. Banks, credit unions and other financial institutions are already feeling the pressure of AI adoption to remain competitive today and relevant in the future.

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AI Credit Union Use Case Innovation 52

The Fintech Times

MAY 22, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. We set out to find out about the latest innovations in the world of crypto. In recent years, digital currencies have been all the rave.

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Cryptocurrency Innovation Bitcoin Blockchain 78

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. trillion to US$4.4 Here are five real-world applications of generative AI in Asia.

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AI Financial Crimes Crime SWIFT 99

The Fintech Times

APRIL 8, 2024

Global law firm DLA Piper, i n partnership with The Fintech Times and The Fintech Power 50, recently hosted a fascinating evening event at its head office in London addressing how established players and disrupters in the insurance industry can navigate through the complexities of artificial intelligence (AI).

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AI Risk Legal Framework Use Case 59

The Fintech Times

JUNE 3, 2024

AI-powered shopping assistant, Klarna is leading the way for financial services when it comes to artificial intelligence (AI) implementation. The company has been able to increase its productivity using the tech without compromising customer experience. Yet it only scratches the surface of genAI and LLMs’ potential.

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AI Risk Mitigation Assessments Consulting 69

Fintech Finance

FEBRUARY 22, 2024

Visa , a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients and businesses in Asia Pacific. The Visa Singapore Innovation Center represents Visa’s vision of shaping tomorrow’s payments possibilities.

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Innovation Embedded Finance Payments AI 52

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.

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AI Database Financial Crimes Compliance 75

Global Fintech & Digital Assets

DECEMBER 4, 2023

The initiative covers a wide array of insights and guidance for the blockchain ecosystem, while a Latham-led working group explores the convergence of blockchain and AI. It also considers a select number of use cases for AI today, and the policy implications of such uses.

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AI Blockchain Accreditation Use Case 52

The Fintech Times

DECEMBER 12, 2023

FIS conducted consumer research into the extent to which people understand and trust generative AI, as well as their attitudes towards the emerging technology’s role in personal finance and banking. Generative AI has captured the world’s attention over the past 18 months with widely perceived potential to transform how we live and work.

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AI Consumer Use Case Research 64

The Fintech Times

MAY 31, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. One innovation I see is the use of innovative technology to secure transfers of stablecoins and provide verification of the stablecoin’s reserve backing.

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Stablecoins Innovation Cross-Border Issuers 49

Nanonets

AUGUST 6, 2024

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.

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AI Database Payment APIs and Integration Automation 52

The Fintech Times

JANUARY 3, 2024

The world of artificial intelligence (AI), particularly generative AI, exploded in 2023 – following the hype and interest in OpenAI ‘s ChatGPT. Off the back of a year dominated by discussion about AI, it is easy to wonder what trends lie in store for us in 2024. We turn to the experts to find out.

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AI Regulations Automation Consulting 80

Fintech News

JANUARY 17, 2024

Banks collect and hold huge quantities of usable data, and many are already successfully applying big data and AI across various business cases. The potential to optimise data use through a data-driven banking strategy is enormous, especially for smaller banks. via cloud computing).

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AI Legal Framework Use Case Risk 117

The Finance Weekly

OCTOBER 15, 2023

The business world is changing fast, giving Chief Financial Officers (CFOs) and their teams a chance to use Generative Artificial Intelligence (Generative AI) for innovation and efficiency. Generative AI can help in saving costs, making better decisions, and developing skills.

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AI Risk Automation Data Security 52

Nanonets

MAY 3, 2023

Now, AI tools are pushing the limits of analysis and decision-making in finance, changing the lives and careers of finance professionals around the world. AI’s can analyze more data faster than any human can. Since this is a limited dataset, this is a major limitation on the utility of the AI tool.

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AI Finance Advisors Fed 94

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.

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AI B2B Finance Underwriting 59

FICO

MAY 25, 2023

Home Blog Feed test AI Development Can’t Be Paused—But It Can Be Regulated Since Generative AI is here to stay, ChatGPT’s base grew by 9,900% in 60 days, with 1.8 Home Blog Feed test AI Development Can’t Be Paused—But It Can Be Regulated Since Generative AI is here to stay, ChatGPT’s base grew by 9,900% in 60 days, with 1.8

AI 52

AI Regulations Audit Governance 52

Tearsheet

NOVEMBER 9, 2023

AI is ushering in a new era that will reshape industries and revolutionize business practices. Yet the industry’s risk profile, competitive intensity and need to engage closely with customers across the product lifecycle demand thoughtful consideration when integrating AI into business operations.

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AI Consulting Payments On-Demand 52

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.

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AI Embedded Finance Due Diligence Finance 78

Nanonets

MARCH 4, 2024

These inefficiencies not only drain valuable resources but also divert focus from core business activities, stifling growth and innovation. Artificial Intelligence (AI) today has become a transformative power in the realm of expense management. Leveraging Generative AI 6.

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AI Payment APIs and Integration Fraud Detection Automation 52

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.

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AI Regulations Financial Crimes Governance 52

PYMNTS

JANUARY 13, 2020

As 2020 gets into full swing, artificial intelligence (AI) is in a peculiar position. You can bet on its arrival during the 2020s though — at least according to the message sent as part of the latest PYMNTS Masterclass with Brighterion , an AI-focused company owned by Mastercard. One key to getting over the starting line for AI?

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Credit Risk AI Risk Issuers 83

Faster Payments Council

AUGUST 23, 2024

This session will provide a comprehensive analysis of key industry metrics, highlight opportunities for innovation, and offer strategic guidance to navigate the evolving landscape of payments. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption. 14 seconds.

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FPC ISO 20022 Federal Reserve Instant Payments 167

Finovate

AUGUST 15, 2024

APIMatic APIMatic’s developer experience platform adds a layer of technology between fintech APIs and developers to make integrations faster through automation and AI. Features Automates the creation of SDKs Includes dynamic use case guides Delivers AI-generated integration code Who’s it for?

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Deepfake Credit Union Payment APIs and Integration AI 59