Fintech News

DECEMBER 6, 2023

While consumers are rapidly adopting AI-powered LLMs, banks are proceeding with caution, mindful of data security. These examples show why LLM-based AI chatbots are a game changer: before, technological solutions had to be programmed for specific use cases. The article must be included as context for the prompt.

Innovation 97

Innovation AI Use Case Posting 97

Nanonets

MAY 12, 2024

However, constantly collecting and keeping this data updated is extremely time-consuming and resource-intensive. Hence, businesses must use automated data collection processes to gain a competitive advantage.  Businesses only need to be able to find this data online, download it, and store it for analysis.

Research 52

Research Use Case Product Automation 52

PYMNTS

MARCH 18, 2020

According to that firm’s research, downloads of Tencent games increased by 10.4 I think when the market actually reopens, then a lot of the use cases will shift back to offline. percent year over year in February, and revenue increased by 11.8

Consumer 56

Consumer SWIFT Use Case Volume 56

Nanonets

APRIL 30, 2024

The copy-paste method is useful when web scraping needs to be done for personal projects or one-time use cases. Doing this manually would be extremely time-consuming and error-prone. The web scraping process The web scraping process follows a set of common principles across all tools and use cases.

Use Case 59

Use Case Automation Database Legal 59

PYMNTS

NOVEMBER 18, 2019

To that end, according to Craig Ramsey, head of real-time payments at ACI Worldwide , the real-time payments focus in the United States through the present day has been on consumer propositions — sending money instantly between parties for groceries, restaurant bills and other expenses. The Corporate Case.

Real Time Payments 49

Real Time Payments Consumer ISO 20022 Online and Mobile Banking 49

PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. So, how will consumers (and some businesses) pay? #1:

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

JUNE 6, 2018

But Brown believes AR has great potential across the food and beverage categories to provide consumers with more information about products. Consumers are more concerned than ever about where their food came from and how it was farmed, raised or processed. AR, said Brown, could play into those consumer interests.

Consumer 49

Consumer Product On-Demand Use Case 49

The Fintech Times

OCTOBER 12, 2024

Fraud is on the rise and costing billions in losses each year, making the need to protect consumers more important than ever. With the tap of an AirKey-enabled card to a smartphone, financial institutions can authenticate customers across a variety of use cases, from completing a 3D Secure (3DS) transaction to accessing a virtual card.

Authentication 52

Authentication Credit Cards Debit Card Fraud Prevention 52

PYMNTS

JANUARY 12, 2020

And ever since the dawn of the smartphone and the apps ecosystem it unlocked, using those devices as acceptance points to expand retail’s footprint has been one of its most empowering use cases. What will be built from this technology remains to be seen, Bowman noted – and they realize that what they see will vary.

Underserved 90

Underserved Use Case Contactless Payments Digital Payments 90

The Fintech Times

APRIL 22, 2024

These native and powerful browser applications are numerous and well-suited to financial use cases. When we specifically examine cryptocurrencies, we observe a distinct use case in emerging and developed countries. Web1 was read-only, Web2 is read-write, and Web3 will be read-write-own. What’s next?

Finance 130

Finance Blockchain Cryptocurrency Regulations 130

PYMNTS

APRIL 16, 2019

However, as IoT continues to proliferate in more industries and use cases, concerns about data privacy have quickly followed, with consumers and lawmakers ra ising concerns about attacks from bad actors. For more on these and other IoT news items, download this month’s Tracker.

Privacy 81

Privacy Regulations Data Security Blockchain 81

Nanonets

MAY 20, 2024

It is almost as old as the web and has many use cases that help run applications ranging from common daily use, such as the search engine, to cutting-edge modern applications like training LLMs that power AI. Scrape webpage now Use cases for web scraping Web scraping has many use cases across teams and industries.

Automation 59

Automation Use Case Database Legal 59

PYMNTS

OCTOBER 31, 2018

Before jumping head first onto the AR bandwagon, though, retailers need to ask themselves: How do AR features like these build up the brand names of the retailers that use them? As we will demonstrate, the answer depends on the use case. Do they add value or are they frivolous marketing ploys?

Checks 69

Checks Use Case Returns Consumer 69

PYMNTS

DECEMBER 23, 2016

RADAR uses data analytics to review mobile data and more effectively target consumers based on their digital data and movements. Levi explained how the program uses probabilistic data to reach consumers and how the program is changing consumers’ attitudes and behaviors. Impact of exposure.

Consumer 61

Consumer Product Use Case 61

PYMNTS

MARCH 22, 2019

The Internet of Things (IoT) has firmly taken hold, with new applications — focusing on the support of consumer, business and industrial use cases — now being developed and rolled out regularly. The adoption of IoT technology to support business use cases is particularly impressive.

Regulations 75

Regulations Cybersecurity Use Case Security 75

PYMNTS

APRIL 1, 2019

And a follower without a compelling hook for consumers to grab and get onboard. And it’s taken consumers with it. Apple, the company that transformed how consumers listened to music with the iPod, was outplayed by an innovator with a new business model and a cross-platform, cross-device appeal. And consumers do love their apps.

Use Case 71

Use Case Consumer Innovation Mobile Payments 71

PYMNTS

JANUARY 14, 2021

Users can register for and open accounts by downloading the JazzCash mobile app from Google Play or Apple’s App Store. Drilling down into the use cases, Gelebart noted that face-to-face transactions are not a pain point in daily commerce, as people are very much used to, and comfortable with, using cash.

Mobile Payments 93

Mobile Payments Financial Inclusion Payments Cross-Border 93

CB Insights

JANUARY 18, 2019

For (re)insurers, strategic partnerships with tech companies encompass a broad array of use cases including: providing capacity to startups operating as managing general agents. offering insurance solutions through various internet platforms to consumers and service providers. See the latest strategic partnerships.

Use Case 61

Use Case Agreements Automation Research 61

PYMNTS

JULY 10, 2019

They can also let consumers know something arguably more important: when a purchase posts to their credit cards or cards they share with partners or dependents. consumers to further examine what tools are particularly compelling to consumers, based on factors such as age, income and whether they support dependents.

Card Services 52

Card Services Debit Card Use Case Credit Cards 52

PYMNTS

SEPTEMBER 16, 2019

consumers shop and pay — today and in the future. But it’s the bridge millennials – those 30- to 40-year-olds who are the first generation of connected consumers with spending power – who offer profound insights into the future of connected commerce, and the devices and apps that enable those experiences. This group of 60 million U.S.

Consumer 89

Consumer Use Case Ubiquitous Credential 89

PYMNTS

MAY 22, 2020

Still, PYMNTs’ surveys have found that consumers are eight times more afraid of dying from COVID-19 than they’re worried about losing their jobs or their nest eggs. The consumer chooses to access their health record via a blockchain transaction, then chooses which businesses they wish to share information with, he said.

Blockchain 105

Blockchain Bitcoin Addressing Cryptocurrency 105

PYMNTS

OCTOBER 25, 2020

While the Verizon/Microsoft announcement is focused on bringing the next generation of mobile connectivity to businesses via private networks, companies like Apple are moving forward with plans to bring 5G to mainstream consumers. Samsung’s View. The race to build out the next-gen network is also accelerating, as seen in the recent $6.6

Technology 102

Technology CHIPS Use Case Security 102

PYMNTS

NOVEMBER 9, 2017

In the case of business customers, the current use of SDA credit origination appears low: Only 43 percent of FIs currently offer SDA credits. Fifty-five percent of these FIs see emergency payroll as a very or extremely important SDA credit use case, and 41 percent see loan payments as the top SDA debit use case.

Same Day ACH 41

Same Day ACH ACH NACHA Origination 41

PYMNTS

JULY 24, 2018

Those are among the use cases for what’s called the Data Transfer Project (DTP). Digital platforms already offer data-downloading features, but the difference with the DTP is that it is focusing on interoperability so that such tools can easily work with multiple sites. “It Data Control.

Privacy 40

Privacy Use Case API Interoperability 40

The Fintech Times

MAY 6, 2024

It notes the importance of the UK in evolving and innovating open banking, however, it points out that the technology is at a crucial crossroads as greater regulation is needed to drive new use cases. A regulatory minefield The final regulatory space the report puts the spotlight on is BNPL.

Innovation 64

Innovation FinTech BNPL Regulations 64

PYMNTS

MARCH 17, 2020

Drill down a bit, he said, and the “e-IDs” that governments are starting to issue, as have been seen in Australia, are serving as a springboard of sorts, gaining traction across a few use cases. That translates into an increased focus on knowing who these firms are dealing with on the consumer side of the interaction.

Authentication 86

Authentication Verification Interoperability Cross-Border 86

PYMNTS

APRIL 28, 2020

As PYMNTS found in one recent study, “ Navigating The COVID-19 Pandemic: The Post Pandemic Reset ,” as many as 32 percent of consumers plan to do far less outside the home than they had done before the coronavirus hit. These consumers, he said, are on a journey. Time, then, to picture the house as a bit more like home.

Rules 95

Rules Gateways Security Automation 95

PYMNTS

NOVEMBER 8, 2017

“These can obviously be used prominently in the financial services space,” he said. But they also can be used in the healthcare industry and often in supply chain settings as well, so there [are] lots of interesting stories and use cases there.”. Time-saving Transfer Technology.

Blockchain 86

Blockchain API Use Case B2B 86

Open Banking Excellence

AUGUST 29, 2023

Nonetheless, the adoption of PSD2 in France is a significant step towards increased competition and innovation in the banking sector, which should ultimately benefit consumers and businesses alike. Source: The Global Open Finance Index ( Click here to download ).

API 100

API Regulations Innovation FinTech 100

CB Insights

SEPTEMBER 7, 2021

For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. download our best of blockchain research. Categories are not mutually exclusive and companies are mapped according to primary use case.

Blockchain 101

Blockchain NFTs Distributed Ledger Technology (DLT) Multi-Currency 101

CB Insights

APRIL 13, 2022

Download our full report to find out the top trends poised to reshape industries in 2022. Categories are not mutually exclusive, and companies are sorted by primary use case. One of the most popular VR headsets is Meta’s Oculus , which saw a surge in consumer interest during the 2021 holiday season. lab-to-table.

Metaverse 101

Metaverse NFTs CHIPS Use Case 101

CB Insights

FEBRUARY 4, 2019

Download the 39-page P&C INSURANCE report. Download the free report to learn about the biggest emerging trends in the P&C market and strategies to watch for 2019. As home insurance becomes more embedded in the home buying process, consumers will get quotes from carriers as well as startup challengers.

Underwriting 60

Underwriting AI Assessments Risk 60

PYMNTS

APRIL 11, 2019

One smart agent may be assigned to analyze the actions of a consumer, point-of-sale (POS) terminal or ATM, and use that analysis to learn how to best perform whatever action it was assigned to do. Despite smart agents’ many use cases, 36 percent of FIs are either only slightly or not at all interested in smart agents.

AI 74

AI Point-of-Sale (POS) Credit Union Underwriting 74

PYMNTS

APRIL 19, 2016

Most recently, as a way to incentivize more consumers to use its mobile payments service, Samsung announced it was offering a financial incentive to use Samsung Pay. Users who have downloaded — but not used — Samsung Pay will be able to earn an incentive for using it: a $30 gift card.

Credit Union 40

Credit Union Debit Card Mobile Payments Credit Cards 40

PYMNTS

JULY 31, 2019

Mobile card services could be the Swiss Army knife of card management for consumers, because of the capabilities they can make easily accessible to the customer or business using them. The problem is that for all their potential to be a payments multi-use tool, they aren’t living up to it. The Case That Makes Itself .

Card Services 54

Card Services Push-to-Card Use Case Consumer 54

FICO

APRIL 20, 2023

According to FICO’s latest survey of consumers from 14 countries around the globe, 90% of all consumers have sent a real-time payment, and at least 95% of consumers have used real-time payments in India , Indonesia , the Philippines , and Brazil. Throughout the countries we surveyed, RTP usage shows no signs of slowing.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52

FICO

AUGUST 3, 2022

For IT teams, bridging this gap means not only meeting the ever-increasing demands for data access, up-to-date analytic models, and AI-powered applications – delivered at speed and scale across all business lines and use cases – but also helping ensure the tech delivers on its promises and desired business outcomes.

Use Case 52

Use Case AI On-Demand Automation 52