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ID-Pal Unveils Reusable KYC Solution

Finovate

As a reusable identity verification solution, ID-Pal Once enables returning users to complete the verification process up to five times faster. An accurate, secure, and real-time liveness check is all that is required in order for the technology to recognize returning users and reduce the verification process to a matter of seconds.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

In 2016, our AI-powered super app concept gained global recognition. This generative AI tool has improved the quality and speed of client consultations. Built on OpenAI’s tech, this chatbot can manage multilingual customer inquiries about refunds, returns and orders, effectively doing the work of 700 full-time support agents.

AI
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Checkout-free payments may yet rise

Payments Dive

A technological boost could still help checkout-free payments succeed, say industry professionals and consultants. “I Grabango — which was founded in 2016 — officially launched its first checkout-free system at a GetGo convenience store near Pittsburgh in 2020. They were testing it slowly, rolling it out.

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Overcoming the Hidden Costs of AML Compliance

Finextra

A Bank Policy Institute survey found that between 2016 and 2023, the number of employee hours spent on compliance shot up 61%. Diminishing returns: Simply adding bodies doesn’t scale effectively. The hidden cost here is that many firms are paying for extra headcount to compensate for suboptimal tech or workflows.

AML
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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. From one perspective, the position of management consulting as an industry has never seemed more secure. Those companies made plans.

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Payments 2016: The Year of Payment Innovation Via Predictive Analytics

PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. Payments 2016: The Year of Payment Innovation Via Predictive Analytics. This was the year for payment innovation through predictive analytics.

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Celebrating African-American Voices and Fintech Innovation on the Finovate Stage

Finovate

Andre Llewellyn – Marketing Consultant/Advisory Board Member with AI Squared Along with company CTO Michelle Bonat, Andre Llewellyn helped demonstrated the new Generative AI-based features on AI Squared’s platform at FinovateFall last year. He is a graduate of the NYU Stern School of Business. Demo video.