PYMNTS

DECEMBER 9, 2020

Taking this retroactive approach to credit risk management was never efficient, but it has become even less feasible amid the pandemic. Consumers are more susceptible than ever to falling short on their monthly bills, leaving banks searching for more proactive ways to mitigate the risk of defaults.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

Nanonets

DECEMBER 13, 2023

The integration of fraud detection algorithms is paramount for error reduction. These algorithms analyze patterns and anomalies in the data to identify potential instances of fraud or misrepresentation. Lastly, AI's predictive capabilities extend to risk management.

AI 102

AI Process Fraud Detection Compliance 102

Fintech News

MAY 20, 2024

Register Here AI in Finance: Risk Management Challenges and Opportunities May 28 2024, 18:00 CEST The financial landscape is undergoing rapid transformation, with AI playing a central role. The webinar aims to delve into the significant influence of AI on the financial sector, particularly in risk management.

FinTech 133

FinTech Embedded Finance BNPL AI 133

PYMNTS

SEPTEMBER 14, 2016

That’s the topic of a recent whitepaper by ACI, which advocates that being “immediate” also means adopting a proactive, enterprise mindset towards fraud prevention and a willingness to invest across a number of fronts, from monitoring tools to staff training.

Fraud Prevention 77

Fraud Prevention Faster Payments Push-to-Card Payments 77

The Fintech Times

OCTOBER 26, 2024

AI is boosting risk management and personalisation During Huawei’s Finance Forum at GITEX, Dr. Jassim Haji , an international expert, strategist and researcher in AI and digital transformation, delved into how AI is enabling real-time risk assessment and fraud detection, reducing the manual processes that typically slow banks down.

Finance 69

Finance Ransomware Fraud Detection Cybersecurity 69

The Fintech Times

NOVEMBER 27, 2024

Full-cycle verification platform, Sumsub has enhanced its Crypto Transaction Monitoring and Travel Rule solutions following an integration with Elliptic , the cryptoasset risk manager.

Transactions 59

Transactions Financial Crimes Crime Blockchain 59

The Fintech Times

SEPTEMBER 19, 2024

However, risk orchestration is a process promising to help fintechs and financial institutions combine their customer onboarding, authentication and risk management processes into one place. “This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis.

Risk 59

Risk Financial Crimes AML Risk Management 59

The Fintech Times

MAY 14, 2024

My previous roles in corporate banking and investments, coupled with my experience in building tech companies, have provided me with a unique blend of financial insight, strategic thinking, client relationship management, risk management, entrepreneurship, and technical expertise.

Privacy 64

Privacy Compliance FinTech Innovation 64

Neopay

JUNE 27, 2024

Governance structure: Present a well-defined governance structure, highlighting key individuals responsible for regulatory compliance, risk management and oversight. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Fraud detection: Fraudulent claims are one of the insurance industry's biggest challenges.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Nanonets

APRIL 5, 2023

In the world of lending, risk management is crucial to success. But with a growing number of loan applications and an increasing number of delinquencies, how can lenders effectively manage risk without sacrificing efficiency? The answer lies in automating steps in the lending process.

Automation 52

Automation Process Risk Assessment Assessments 52

Seon

JUNE 29, 2023

Depending on each organization’s risk tolerance, this may be where parties associated with the suspicious transaction are subjected to further security checks or trigger a more comprehensive manual review by risk teams. It achieves this through transaction and behavior monitoring, risk assessment, and alert generation.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

Nanonets

AUGUST 1, 2023

This technology proves invaluable in detecting potential instances of fraud or non-compliance within the organization, providing deeper insights into business operations, and enabling data-driven decisions to strengthen risk management and compliance measures.

Audit 52

Audit Automation Risk Assessment Bots 52

Nanonets

AUGUST 1, 2023

Risk Assessment: Audit automation helps auditors assess risks more effectively by identifying potential red flags and areas of concern within the data. It enables a more comprehensive and targeted risk assessment process. Complex approval workflows, duplicate alerts, and fraud detection.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

Nanonets

APRIL 26, 2023

Automate your mortgage processing , underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow. The algorithms look for patterns and indicators of risk to analyze creditworthiness. This can help lenders make more informed decisions and reduce the risk of loan losses.

Underwriting 52

Underwriting Automation Fraud Detection AI 52

FICO

MARCH 6, 2020

FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. We serve corporates, insurance companies, and banks – be it a retail, private, wealth management, automotive or telecom bank, tier 1 or tier 3 bank.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Nanonets

DECEMBER 25, 2023

Real-time Fraud Detection The healthcare industry is, unfortunately, susceptible to fraudulent activities, and AI provides a robust defense mechanism. Predictive Analytics for Resource Optimization AI's predictive analytics capabilities extend beyond fraud detection.

AI 59

AI Process Payer Fraud Detection 59

Nanonets

MAY 30, 2024

Coupa Procurement   Coupa is well-regarded for its robust procurement management capabilities, ideal for enterprises. Pros: Real-Time Budget Management:  Tracks budgets and spending in real time. AI and Machine Learning:  Enhances error and fraud detection. Cons: High cost for smaller businesses.

Automation 52

Automation Process P2P Compliance 52

Fintech Labs Insights

AUGUST 22, 2024

Stratyfy: Raised $12M, decision intelligence technology gaining traction, particularly in risk management. Spring 2022 (San Francisco): Array: Credit and identity management platform, seeing increased adoption due to robust features and user-friendly interface. Prosper: Pioneered peer-to-peer lending in the U.S.,

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Segpay

MARCH 20, 2024

Enhanced Fraud Detection and Security One of the most significant advantages of AI and Machine Learning in banking is its ability to detect fraudulent activities and enhance security measures. Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry.

AI 90

AI Privacy Non-Bank Fraud Detection 90