CB Insights

FEBRUARY 21, 2019

The decentralized-record-keeping technology, which is designed to instill trust in the authenticity of digital transactions, could be used to create efficient solutions for both commercial and residential real estate — from buying property to digitized “smart contracts” to crowd-sourced investments. Table of Contents.

Blockchain 78

Blockchain Due Diligence Legal Transactions 78

Faster Payments Council

SEPTEMBER 23, 2023

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S. (Foundry Ballroom) Payment networks need volume to scale and keep costs low.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

The Fintech Times

DECEMBER 26, 2023

Although there has already been a surge in companies addressing the receivables opportunity, we anticipate this new regulation will unlock fresh use cases and business opportunities across various receivables registrars and supply chain industries, aiming to provide a seamless experience.

B2B 64

B2B Due Diligence AI Central Bank 64

PYMNTS

FEBRUARY 3, 2020

Vasir said the drive toward faster payouts and real-time access to earned wages has introduced new use-cases for faster payment networks in the payroll space. The impact of open data and data integration frameworks on the payroll sector is only one of several industry shifts the market is witnessing today.

Payroll 73

Payroll Payment APIs and Integration Faster Payments Due Diligence 73

PYMNTS

JUNE 20, 2019

A growing segment of these banks want to capitalize on the digital segment more directly — but they can’t ignore that a significant portion of their customers prefer in-person transactions as opposed to mobile moderated set of use cases and interactions,” Cohen said.

AML 66

AML Due Diligence Money Laundering Risk Assessment 66

Nanonets

APRIL 30, 2024

Apart from the challenges covered above, the main reason that many organisations still handle PDF data extraction manually is that: Conventional PDF data extractors typically extract everything in one go from a PDF and not just the specific data or key value pairs that are important for a particular business use case.

AI 52

AI Due Diligence Automation Use Case 52

PYMNTS

SEPTEMBER 23, 2020

The digital natures of the services enable 24/7 money transmission from any location, and Aptiv8’s collaboration with Nium has the potential to add more features in the future, such as online shopping, that will further enrich the use-cases for the migrant workers. Leveraging Technology And Government Data To Simplify Due Diligence.

Due Diligence 52

Due Diligence Cross-Border Payments Online and Mobile Banking Cross-Border 52

Stax

SEPTEMBER 17, 2024

Domestic wire transfers are often settled immediately or after any routine due diligence. Use Cases ACH payments are ideal for recurring payments and smaller transactions. Since ACH transfers employ batch processing, they’re suitable for B2B payments due to the high efficiency for employers and merchants.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

The Fintech Times

DECEMBER 19, 2023

“AI was experimented with in 2023 but the industry had not yet set clearly defined objectives, pre-identified use cases and coherent strategies. “AI use will become a key competitive differentiator from both a bottom line and recruitment perspective.

AI 78

AI Embedded Finance Due Diligence Finance 78

FICO

MARCH 31, 2016

At FICO World, two senior FICO leaders, experts in the areas of fraud and financial crime prevention, will engage in a lively discussion of how best to approach some of the top global compliance threats in the areas of anti-money laundering, know your customer (KYC), tax and business due diligence.

Regulatory Compliance 49

Regulatory Compliance Best Practices Compliance Financial Crimes 49

FICO

MAY 20, 2021

For AML, some typical use cases are: Know Your Customer (KYC) verification. Automated data gathering for investigations Due diligence, transaction monitoring and/or sanctions. Auto-closing of alerts based on certain, defined criteria. Pre-defined investigation workflow Get the right alerts to the right skill set.

Financial Crimes 52

Financial Crimes AML Crime Automation 52

Global Fintech & Digital Assets

MARCH 5, 2024

With the updated guidance, banks looking to engage in digital asset activities have a clear pathway to assess potential business plans, use cases, and new services they can provide to their clients. Latham & Watkins will continue to monitor developments in this area.

Authorization 59

Authorization Product Due Diligence Procedures 59

CB Insights

SEPTEMBER 14, 2017

The emergence of Hadoop clusters and cloud object storage have significantly advanced data storage capacity to support AI use cases. When assessing how to deploy or build AI tools, companies should both analyze the highest value use cases and plan to build a foundation of robust support and talent.

AI 78

AI Automation Research Due Diligence 78

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience.

Payment APIs and Integration 52

Payment APIs and Integration Small Business Due Diligence Cross-Border Payments 52

Nanonets

APRIL 3, 2024

One of ChatGPT’s particularly unique use cases is through proprietary or otherwise unique training data. Other, less niche use cases can include cash flow analysis and optimization, fed by vendor payment documents, forecasting fed by past performance metrics, and more (keep reading for a more exhaustive list!).

Finance 52

Finance Use Case Fed Financial Analysis 52

Tearsheet

AUGUST 7, 2024

Morgan Payments is one of the largest payment providers in the world and has one of the largest payments ecosystems, with hundreds of live third-party integrations spanning virtually every industry and use case. Slope will join the J.P. Importantly, all these systems are built to continuously improve with more and more data.

AI 59

AI B2B Finance Underwriting 59

PYMNTS

JANUARY 31, 2018

The technology behind nanopay has a few potential use cases: primarily, the creation of “currencies” for merchants and retailers to use as rewards mechanisms. The same technology could be used to create a cryptocurrency, in theory; but CEO Laurence Cooke says it’ll never happen.

Cross-Border 46

Cross-Border Cryptocurrency Acquirers Due Diligence 46

M2P Fintech

JANUARY 4, 2024

Banks can also experiment with new segments and support their co-brand partners in building credit products for specific use cases. Streamline the onboarding process by integrating product details and conducting due diligence concurrently. Standardize reporting, accounting, and dispute management operations.

Credit Cards 59

Credit Cards Due Diligence FinTech Compliance 59

The Fintech Times

MARCH 31, 2024

AI providers themselves need to have a very clear and specific use case for the insurance sector to ensure the most effective and valuable outcomes for both the sector and the end consumers. Today the best use cases for advanced generative AI models in insurance are focused on efficiency and accuracy.

Risk 69

Risk AI Underwriting Automation 69

The Fintech Times

FEBRUARY 19, 2024

“Assuming no foreign exchange (FX) conversion is required, businesses should conduct due diligence on the recipient, verifying the accuracy of the bank account details and ensuring they align precisely with the intended payee. “Additionally, central banks are exploring innovative solutions such as CBDC privacy (e.g,

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

FICO

MARCH 6, 2020

In our experience these technologies can increase the number of SARs by 20% while at the same time producing efficiency gains of 30% in alert investigation and case management. Which use cases do you address? What solutions do you have?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Global Fintech & Digital Assets

NOVEMBER 7, 2023

Dealing in, advising on, or managing portfolios investing in Tokenised Securities: Intermediaries should conduct due diligence on the issuers and their service providers and be satisfied that the ownership and technology risks of the Tokenised Securities are effectively managed.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

Seon

JUNE 15, 2023

Thankfully, as BEC attacks are often a product of human error, many can be avoided with due diligence and training – both of which can be enhanced with the right fraud prevention tools. Reported losses in 2020 exceeded $4.2 The report states that these victims mostly lost their money to BEC scams.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

Fintech Labs Insights

MARCH 13, 2017

Taking a close look at VR in proptech, the main use case of the technology is to provide virtual walkthroughs of both existing and to-be-developed properties. ” Other potential uses of VR and augmented reality include real estate advertising that is detectable by wearable technology or smartphones. Virtual Reality.

Blockchain 20

Blockchain Due Diligence Technology Consulting 20

CB Insights

FEBRUARY 8, 2018

It has developed a bank-grade compliance process that blockchain companies can access through a streamlined API, helping projects ensure everything from due diligence to investor accreditation. While tokenized assets are a hugely promising use case for the blockchain, the biggest hurdle is regulatory.

Blockchain 78

Blockchain Bitcoin Correspondent Bank Cryptocurrency 78

CB Insights

NOVEMBER 16, 2017

Lefkofsky noticed some users had used the platform to buy something together in a big group and get a discount. Seeing that this one-off use case could spin out into a much more successful business, Lefkofsky helped Mason pivot The Point into the company that we know as Groupon. By 2008, The Point was struggling.

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78

PYMNTS

OCTOBER 30, 2017

Bitcoin has only two proven use cases after eight years: criminal activity and speculation. The head of decentralized identity at Microsoft not only thinks we’re wrong, but is in an apparent state of delight over how wrong we are – and promises to drop a stunner on us “and folks of our ilk,” as apparently, we are idiot Luddites.

Bitcoin 51

Bitcoin Cryptocurrency Blockchain Use Case 51

The Fintech Times

APRIL 1, 2025

Proactive approach to compliance With Zip for Risk Orchestration, businesses can move beyond reactive risk management to a proactive, AI-driven approach to compliance: Vendor due diligence: Prevent financial fraud with automated bank account verification and tax ID validation (TIN, VAT) to ensure payments go to legitimate entities.

Mitigation 59

Mitigation Risk Verification Risk Management 59