Remove Innovation Remove Technology Remove Use Case
article thumbnail

Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Fintech News

Even more reassuring, 54% of FSIs surveyed in EMEA, USA, and APAC are already embedding AI into their offerings or expanding their initiatives, and 61% plan to use Gen AI in 2024. Instead of hard coding, Gen AI can configure new payment offerings using flexible parameters.

Use Case 106
article thumbnail

Ripple Partners With DIFC Innovation Hub to Accelerate UAE Blockchain and Crypto Adoption

The Fintech Times

Ripple , the blockchain and crypto solution provider, is partnering with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE. It also plans to provide financial, technical, and business support to developers.

article thumbnail

IBM Pulls the Curtain on New Innovations, Supporting Generative AI Use Cases in Financial Services

The Fintech Times

Business analytics enterprise, IBM , has unveiled new technologies designed to significantly scale processing capacity across IBM Z mainframe systems helping accelerate the use of traditional AI models and Large Language Models (LLMs).

article thumbnail

Harnessing B2B potential: The killer use case for embedded finance

The Payments Association

This indicates a clear recognition that companies must innovate and adapt their offerings to differentiate themselves from rivals to remain competitive. Also, according to Oliver Wyman , “35% of the value of the [financial service] industry is accounted for by technology companies.

article thumbnail

Payment Rail Innovators Dive Into Real-Time

PYMNTS

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. SWIFT is expected to use an application programming interface (API) to streamline interactions between intermediaries. "We EVO Payments Wields Visa Rails for Merchants. VSoft Debuts Real-Time Platform.

article thumbnail

Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox

The Fintech Times

On 28 August 2024, HKMA officially launched the Project Ensemble Sandbox, which will test a wide range of tokenisation use cases, including the settlement of tokenised real-world assets (such as green bonds, carbon credits, aircraft, electric vehicle charging stations, and treasury management).

article thumbnail

Open Energy is Open for Business

Open Banking Excellence

A look at four of Australia’s Open Energy use cases While the world has taken Europe’s lead on Open Banking, Australia started with an economy-wide approach informed by the Consumer Data Right (CDR), which implemented economy-wide Open Data.

Use Case 147