Fintech Finance

NOVEMBER 18, 2024

Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. This strategic move strengthens our offerings in invoice management and accounts payable automation, while giving Nook’s customers full access to Modulr’s extensive payments capability.”

Automation 104

Automation Accounts Acquirers Embedded Payments 104

Bank Automation

OCTOBER 16, 2024

Bank Automation News is pleased to announce Koren Picariello, an executive director at Morgan Stanley and head of generative AI strategy and execution for Morgan Stanley Wealth Management, will be featured in a fireside chat at Bank Automation Summit U.S. 2025 appeared first on Bank Automation News.

Automation 111

Automation AI Posting 111

Fintech Finance

DECEMBER 5, 2024

TreviPay , the most-trusted B2B payments and invoicing network, today announced it has been named a Major Player in the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 Vendor Assessment 1. Traditional accounts receivable processes are ripe for disruption.

Automation 98

Automation Payment APIs and Integration Accounts Assessments 98

FloQast

OCTOBER 30, 2024

FloQast’s Accounting Transformation Platform is designed to tackle the challenges accountants face every day, using advanced AI to streamline and automate processes. FloQast Journal Entry Management simplifies your workflow by automating the process of journal entries, reducing errors, and saving valuable time.

Automation 90

Automation Accounts Process AI 90

Fintech Finance

NOVEMBER 11, 2024

This groundbreaking feature marks a significant advancement in automated payment solutions, reinforcing Yuno’s leadership in payment orchestration and its commitment to empowering merchants with seamless, intelligent technology. The announcement was made at Web Summit, an event focused on the latest in global technology innovation.

Automation 97

Automation Payments Payment Solutions Adjustments 97

TechCrunch Fintech

OCTOBER 15, 2024

In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices.

Automation 109

Automation AI Finance FinTech 109

The Fintech Times

NOVEMBER 22, 2024

” Embracing payment automation With GoCardless, payments are automatically pulled from customers’ accounts when due, which has improved payment success rates. With direct debit , payments are automated, which reduces the risk of missed or late payments, helping businesses maintain a more predictable cash flow.”

Automation 72

Automation Payments Payer Debit Transaction 72

TechCrunch Fintech

JULY 15, 2024

Adaptive is a platform that provides tools designed to simplify payments and accounting for general construction contractors. © 2024 TechCrunch. All rights reserved. For personal use only.

Automation 117

Automation Payments Accounts AI 117

Payments Dive

AUGUST 19, 2024

Electronic payments have become the norm for most B2B transactions. Oddly enough, that has been accompanied by a rise in check fraud. Here's what businesses need to know.

Checks 117

Checks Automation B2B Transactions 117

The Fintech Times

DECEMBER 19, 2024

Invoice automation firm, Basware has revealed that 90 per cent of organisations lack dedicated prevention teams, forcing accounting staff to juggle fraud management in addition to their regular responsibilities. Need for AP automation to combat fraud AP fraud is one of the most targeted types of fraud for businesses.

Automation 59

Automation AI Fraud Prevention Deepfake 59

Bank Automation

JULY 19, 2024

“CrowdStrike has identified a cybersecurity issue related to a recent update that has impacted Windows systems globally,” Gokul Mahendran, digital marketing leader at industrial automation company, Barani Generic […]

Cybersecurity 131

Cybersecurity Automation Risk Security 131

Bank Automation

AUGUST 19, 2024

Using Google Cloud’s AI platform, Vertex AI, Discover has reduced response times for call center agents by 70%, Szabolcs Paldy, senior vice president of enterprise operations at Discover, told Bank Automation News. Questions in the call center […]

AI 130

AI Automation 130

Bank Automation

AUGUST 20, 2024

Morgan, tells Bank Automation News on this episode of “The Buzz” podcast. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at J.P. The bank is tapping cloud-based Renovite to build the connection to the network, Lozanoff says.

Payment Networks 128

Payment Networks Payments Acquirers Automation 128

Bank Automation

JULY 25, 2024

We included automation, robotization, digitalization” as part of the bank’s […] “The second quarter marked the continuation of our ambitious but disciplined development within AI,” Chief Financial Officer Lars Machenil said during the bank’s earnings call on July 24. “We

Use Case 128

Use Case AI Automation Continuity 128

Bank Automation

MAY 15, 2024

Good data is usable data,” Brendan Grove, chief technology officer at fintech Prizeout, told Bank Automation News, noting that it starts with creating […] What makes good data?

AI 128

AI Automation Continuity FinTech 128

Bank Automation

AUGUST 8, 2024

Hagerman was the “right person at the right time for our enterprise technology team,” a Truist spokesperson told Bank Automation News, noting that selecting a new CIO was a “thorough process.” Truist is tapping Wells Fargo CIO of Consumer Technology Steve Hagerman to fill its chief information officer role.

Automation 127

Automation Process Technology Consumer 127

Bank Automation

MAY 20, 2024

“We really try to keep the small-business owner at the center of all of that innovation process at Chase for Business,” Jameson Troutman, head of product for small business at JPMorgan Chase, told Bank Automation News. The […]

Innovation 127

Innovation Small Business Automation Product 127

Bank Automation

JULY 8, 2024

based bank has used nCino’s loan origination system since 2017, Chief Technology Officer and Executive Vice President of the bank Sharif Alexandre tells Bank Automation […] For example, the $9.8 billion Englewood Cliffs, N.J.-based

Origination 126

Origination Automation Technology 126

Bank Automation

JUNE 20, 2024

The New York-based FI appointed McMillan to the newly created position March 14, he told Bank Automation News. Morgan Stanley’s Jeff McMillan, head of firmwide artificial intelligence, is focused on developing and deploying AI throughout the operations of the $212 billion financial institution.

AI 126

AI Automation 126

Bank Automation

DECEMBER 6, 2024

The Clearing House (TCH) expects to see growth in volume and use cases, Jim Colassano, senior vice president of product development at TCH, told Bank Automation […] The post The Clearing House raises RTP transaction limit to $10M appeared first on Bank Automation News.

Transaction Limits 98

Transaction Limits RTP TCH Transactions 98

Bank Automation

AUGUST 12, 2024

According to Bank Automation News’ proprietary Transactions Dashboard, banks have consistently invested in digital banking solutions since the start of the year. Banks are modernizing and digitalizing their platforms and offerings as users demand more online and mobile banking experiences.

Transactions 124

Transactions Online and Mobile Banking Mobile Banking Automation 124

Bank Automation

JUNE 12, 2024

of clients’ chats into its gen-AI chatbot, Chief Analytics Officer Bahadir Yilmaz told Bank Automation News at the recent Money2020 Europe event in Amsterdam. ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the technology. The pilot funnels only 2.5%

AI 124

AI Automation Technology 124

VISTA InfoSec

JULY 1, 2024

These strategies will streamline your audit process, from planning and automation to focusing on high-risk areas and managing your time wisely. Automate Where Possible Automation can save a lot of time. Use tools that automate parts of the audit. Automation reduces manual work. It speeds up the audit process.

Audit 130

Audit Compromise Security Automation 130

Bank Automation

MAY 3, 2024

Technology integration during M&A activity is a customer-centric issue for banks, Danny Baker, vice president of market strategy at technology provider Fiserv, told Bank Automation News. Customers want stability and expectations for seamless experiences can […]

Automation 122

Automation Technology 122

Finextra

MAY 7, 2024

Visa is introducing a generative AI tool to assign real time risk scores to transactions in a bid to stop enumeration attacks that use automated scripts and botnets to test for vulnerabilities.

AI 129

AI Automation Risk Transactions 129

Fintech Finance

OCTOBER 2, 2024

The increasing volume of virtual card transactions is making automation even more essential for suppliers, as 52% of U.S. Now, with Boost Intercept® for qualified American Express merchants, the end-to-end process is entirely automated, eliminating the manual work previously associated with processing virtual Card payments via e-mail. .*

Payment Solutions 98

Payment Solutions Point-of-Sale (POS) Payments Automation 98

Bank Automation

OCTOBER 9, 2024

This is surprising, because we […] The post AI accounts for 31% of VC funding in Q3 appeared first on Bank Automation News. Venture capital funding for startups globally dropped 21% year over year to $54.7 billion in Q3, according to CB Insights’ State of Venture Funding Q3 report, published Oct.

AI 115

AI Accounts Automation Posting 115

Bank Automation

OCTOBER 25, 2024

The deal is expected to be finalized in early 2025 if it lands regulatory and shareholder approval, Richard Fairbank, chairman and chief executive at Capital One, […] The post Capital One spends $63M on integration of Discover appeared first on Bank Automation News.

Federal Reserve 114

Federal Reserve Acquirers Automation Transactions 114

Bank Automation

OCTOBER 2, 2024

Many clients posted to social platform X to alert […] The post Bank of America mobile app, digital interface down appeared first on Bank Automation News. ET, more than 20,000 clients had reported issues with the $3.2 trillion bank, according to website Downdetector, which publishes the status of outages in real time.

Online and Mobile Banking 114

Online and Mobile Banking Mobile Banking Automation Posting 114

Fintech Finance

DECEMBER 3, 2024

PayRetailers’ solution automates this process while retaining the speed and convenience that Pix is known for, allowing betting operators to seamlessly integrate compliance into their existing payment workflows. It also supports multiple registered accounts for bettors, streamlining the payment process while maintaining compliance.

Regulations 98

Regulations Account Validation Compliance Automation 98

Bank Automation

OCTOBER 24, 2024

Unstructured data includes emails, audio, video, contractual information and more, Prag Sharma, global head of artificial intelligence for Citi’s center of excellence, said during FinTech Futures Oct. […] The post Gen AI boosts analysis of unstructured data appeared first on Bank Automation News.

AI 111

AI Automation FinTech Posting 111

VISTA InfoSec

MARCH 6, 2024

Automation Emphasis Mentions both manual and automated log review tools. mandates the use of "automated mechanisms" for daily reviews. Strong shift towards automation. Mandating automated tools for daily critical log reviews. introduces a new rule for the utilization of automated tools to conduct audit log reviews.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Bank Automation

OCTOBER 16, 2024

Bank invests in branch modernization in Q3 appeared first on Bank Automation News. “Our strategy focus is to create density in the highest growth areas within our current footprint, rather than use branches to expand out of our footprint,” U.S. Bank President Gunjan Kedia said during today’s Q3 earnings call. […] The post U.S.

Automation 111

Automation Posting Technology 111

Bank Automation

OCTOBER 24, 2024

NatWest, for one, announced an […] The post IBM gen AI business reaches $3B in Q3 appeared first on Bank Automation News. “Clients are reprioritizing their IT budgets to prepare for generative AI,” IBM Chief Financial Officer James Kavanaugh said during the company’s Q3 earnings call on Oct.

AI 110

AI Automation Posting 110

Bank Automation

OCTOBER 7, 2024

The case for expanding branch networks lies in evolving customer preferences, the role of the branch and tailored solutions, Joe Myers, executive vice […] The post Bank of America, JPMorgan invest in branch networks appeared first on Bank Automation News.

Automation 111

Automation Posting 111

Bank Automation

OCTOBER 11, 2024

The bank has a significant cash surplus “sitting in the store” […] The post JPMorgan Chase warns of inflated AI tech valuations appeared first on Bank Automation News. “Tech valuations, or any valuations, won’t stand these very inflated values,” Chief Executive Jamie Dimon said during the bank’s third-quarter earnings call today.

AI 110

AI Automation Posting Product 110

Bank Automation

OCTOBER 15, 2024

The savings were driven […] The post Citi reduces costs, invests in tech appeared first on Bank Automation News. The bank’s technology spend, however, increased 1% YoY to $2.3

Automation 108

Automation Posting Technology Data Security 108