article thumbnail

Bank of America Puts $4billion Towards New Tech Initiatives as it Reflects on Success of AI

The Fintech Times

Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training.

AI 59
article thumbnail

DIFC Celebrates Strong Year in 2024, as Tech, AI and Fintech Sectors Enjoy Record-Breaking Growth

The Fintech Times

The AI, fintech and innovation workforce is also growing, standing at 4,243 – representing a 43 per cent jump from the previous year. DIFC capitalises on AI success in 2024 Emerging technologies and the convergence of AI and fintech are contributing to the evolution of financial services and other future-focused industries.

AI 75
article thumbnail

AWS announces generative AI service to create apps

Finextra

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.

article thumbnail

89% of Australian SMEs Back AI to Reduce Payroll Pain, Finds Employment Hero

The Fintech Times

However, AI and automation could provide the ‘silver bullet’ to ease these pains according to the employment platform, Employment Hero. In response to ongoing payroll pain, many SMEs are looking towards AI as a potential solution. This includes offering support, advice and consultancy to their clients and customers.

Payroll 64
article thumbnail

Papaya Global Launches Innovative Payroll and Payments Academy to Educate and Expand the Worldwide Payroll Community

Fintech Finance

How AI can drive payroll and payments : This course with Amit Levy, Senior Vice President of Product at Papaya Global, explores how AI can make the payroll and payments process easier, and the parts of the process where AI may be less beneficial. Will payroll be obsolete by 2030?:

Payroll 98
article thumbnail

AI in Healthcare Claims Processing: The Complete Guide

Nanonets

Enter Artificial Intelligence (AI), a technological powerhouse reshaping industries across the globe. AI emerges as a transformative force in healthcare claims processing, promising to revolutionize how we handle, assess, and streamline the intricacies of claims submissions and reimbursements.

AI 59
article thumbnail

Why FICO Is a Great Place to Work for Women (and Others!)

FICO

FICO has long focused on supporting the wellbeing of all our colleagues, with generous parental leave, investment in professional development, flexible work practices and commitment to pay equity. Our environment also helps us reduce the risk of bias in the AI models we build, as discussed in this video: .