The Fintech Times

SEPTEMBER 20, 2024

While many of these are valid, 65 per cent of insurance claims handlers have noticed an increase in fraudulent cases according to research from claims automation company, Sprout.ai. Meanwhile, 64 per cent suspect AI was used in five to 10 per cent of cases. Meanwhile, 64 per cent suspect AI was used in five to 10 per cent of cases.

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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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Fintech Finance

SEPTEMBER 10, 2024

New research from RedCompass Labs , a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

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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 5, 2024

The adoption of digital payments is rapidly developing markets to the point that the value of B2B payments are set to grow by 40 per cent by 2028, from $89trillion in 2024 according to research from Juniper Research , the market research firm. This was restricting digital access and innovation.

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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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Fintech News

AUGUST 29, 2024

Payments firm Stripe has announced several new features aimed at enhancing cross-border commerce in Asia, including AI-powered payment tools and expanded market coverage. Stripe research shows that 90% of customers choose to check out in their local currency. in cross-border revenue and an 8% uplift in conversion rates.

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Fintech News

AUGUST 14, 2024

Prudential has announced an expanded strategic partnership with Google Cloud to introduce AI-driven products and applications aimed at enhancing experiences for customers, agents, and employees. The lab will provide Prudential’s 15,000 employees with tools and a structured environment to develop scalable AI products.

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Fintech Finance

AUGUST 21, 2024

Today, Skyfire Systems, Incorporated announced the launch of the world’s first payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. AI Agents are a brand new customer base for businesses and a game-changing opportunity.

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The Fintech Times

NOVEMBER 27, 2024

It relies heavily on manipulation and in the age of artificial intelligence (AI), it is becoming easier and easier for fraudsters to access the tech and manipulate innocent users. Despite younger staff generally being more digitally aware, those aged 18 -24 were those found most likely to fall for an AI-phishing scam.

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The Fintech Times

MAY 14, 2024

Temenos , the SaaS cloud banking solution provider, has launched new generative AI solutions as part of its AI-infused banking platform, in a move hoping to change how banks interact with their data, as well as boost productivity and profitability. Temenos generative AI also enables users and regulators to verify the results produced.

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Finovate

OCTOBER 3, 2024

How can companies take advantage of the opportunity of AI to grow revenues, help develop new products, and better engage customers? Our latest Streamly interview features Chris Brown, President of Intelygenz , who shares strategies for businesses to effectively implement AI.

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Fintech News

JULY 24, 2024

A recent study by Jumio , a provider AI-driven identity verification and compliance solutions, has found that a significant majority of Singapore consumers are concerned about the impact of deepfakes on the upcoming elections. It revealed that 83% of Singaporeans are concerned about for AI and deepfakes in politics, compared to 75% globally.

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The Fintech Times

JUNE 17, 2024

According to research from fraud prevention platform Ravelin , the UK economy and businesses that reside within it are at great risk, as the UK’s online fraud presence has increased the most out of 10 countries surveyed in the past 12 months. AI-powered fraud Predictions about artificial intelligence-enabled fraud have been everywhere.

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Fintech News

MAY 6, 2024

The summit also served as a platform for launching AWS’s flagship AI programme, AWS AI Spring for Singapore. This initiative is part of Singapore’s broader National AI Strategy 2.0, aligning with the government’s S$1 billion investment in AI. said Priscilla Chong, Country Manager, Singapore, AWS.

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The Fintech Times

FEBRUARY 16, 2024

New research from Economist Impact supported by Temenos has revealed that almost half of European banks are investing in fintech start-ups while 36 per cent are building their own greenfield digital bank or fintech company. The research also included interviews with industry practitioners to gain further insights.

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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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The Fintech Times

NOVEMBER 12, 2024

Generative AI (GenAI) is here to stay as firms across 25 different countries and 12 industries have noted the impact the technology will have on customer experiences, revenue and decision making according to new research from global management consultancy, Kearney.

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The Fintech Times

APRIL 15, 2024

Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so. With this in mind, it only makes sense that we delve into the impact that AI has had on the embedded finance space as part of our April monthly theme.

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Fintech News

JUNE 3, 2024

In the financial services industry, artificial intelligence (AI) is emerging as a transformative force, promising to reshape the way institutions operate, innovate, and compete on a global scale. However, challenges including AI talent scarcity and limited collaboration between financial institutions and AI fintech startups.

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Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. The scammers used AI technology to create fictitious female identities for online dating, altering their appearances and voices.

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The Fintech Times

JANUARY 9, 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. How should firms be utilising AI in the near future to both ensure the best results for their business and to not be left behind?

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Fintech Review

MAY 28, 2024

In a rapidly evolving financial services industry, Alexandra Mousavizadeh , Co-Founder and CEO of Evident , is steering the company to the forefront of Artificial Intelligence (AI) transformation in banking. Evident , a benchmarking and intelligence firm, specialises in authoritative, data-driven insights on corporate AI adoption.

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Fintech Finance

SEPTEMBER 27, 2024

Airbas e, the leading procure-to-pay solution for mid-market and larger organizations, is excited to announce a new era in financial operations with its launch of AI-powered Touchless AP (accounts payable). Airbase’s AI-powered touchless AP system is built to handle every step of the accounts payable process with minimal human intervention.

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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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The Fintech Times

MARCH 5, 2024

Artificial intelligence (AI) has become one of the hottest topics in fintech, resulting in many organisations looking to get involved in the space. The research published by Capgemini found that many chief experience officers (CXOs) plan to increase investment in digital technology by up to 10 per cent to help achieve inward growth.

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The Fintech Times

NOVEMBER 8, 2024

Artificial intelligence (AI) is quickly becoming an essential tool in the banking industry, as the demand for personalisation is spiking. Revealing how impactful AI can really be in meeting this demand, CleverTap , the all-in-one engagement platform explored the tech’s use in the global banking landscape. more likely to onboard.

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The Fintech Times

NOVEMBER 4, 2024

Demand for artificial intelligence (AI) expertise is quickly growing, but the number of skilled professionals is not currently high enough, according to technology giant SAP. As AI application usage quickly increases across business areas, many UAE companies are looking to move quickly to leverage the technology’s benefits.

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The Fintech Times

SEPTEMBER 25, 2024

More than half of banks (55 per cent) view their current core banking solutions as the biggest obstacle to achieving their digital transformation objectives, according to new research from 10x Banking. The research also found that 93 per cent of respondents believe their future success relies on selecting the right core banking solution.

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FICO

JANUARY 11, 2023

Top 5 Decision Management Posts of 2022: AI and Digital Jane. From diversity in AI to the film Highlander to transformative banking experiences, these decision management topics pointed the way to the future. The promise of AI and FICO Platform dominated the top posts of 2022 in the Decision Management category.

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Fintech News

JANUARY 23, 2024

Bloomberg has unveiled a new tool, AI-Powered Earnings Call Summaries, on the Terminal, showcasing the practical use of artificial intelligence in enhancing the research process for analysts. This AI-Powered Earnings Call Summaries tool complements Document Search, another function on the Bloomberg Terminal.

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The Fintech Times

NOVEMBER 14, 2024

According to new research from payments modernisation firm RedCompass Labs , 91 per cent of banks worldwide are juggling multiple, multi-year, multi-million dollar modernisation projects, however, many are struggling to meet modernisation demands. This helped the bank to get back on track to meet the regulatory deadlines.

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The Fintech Times

NOVEMBER 19, 2024

As much as 86 per cent of financial professionals still rely on Microsoft Excel for budgeting and forecasting, while 75 per cent use manual reviews and approvals, according to new research from fintech solution provider PayEm. The responses were reflective of the use of outdated tools like Excel.

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The Fintech Times

SEPTEMBER 7, 2024

Research from AI-powered decision intelligence for service operations provider, ActiveOps has found that organisations are turning to AI to solve this issue. In its research , Ready or not AI is here , ActiveOps finds that 46 per cent of businesses are already aware of the benefits of AI and are integrating the technology.

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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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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

JUNE 17, 2024

The global wealth management industry is undergoing a profound transformation, including in Asia, driven by the convergence of technological advancements like artificial intelligence (AI), shifting investor preferences, and evolving economic conditions.

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