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Bank of America Puts $4billion Towards New Tech Initiatives as it Reflects on Success of AI

The Fintech Times

As AI continues to be utilised in new ways, Bank of America is ensuring its approach to the tech includes human oversight, transparency, and accountability for all outcomes. This has been the case since 2018, when Bank of America launched Erica, an AI-driven virtual financial assistant, within its mobile app.

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

Finextra

Research by IBM found that about 50% of enterprises in financial services have actively deployed AI, the highest of any sector. The past year has seen rapid adoption of generative AI (like chatbots and assistants), as well as continued gains from predictive models in fraud detection and credit.

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Alternative Payment Methods

Clearly Payments

As digital transformation continues, new payment methods have grown beyond traditional credit and debit cards, reshaping the way businesses accept payments and how customers choose to make them. Buy Now, Pay Later (BNPL) services also surged, with a 400% increase in usage since 2018. Digital wallets might be essential for U.S.

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Stablecoin – Cross Border Payment Driver?!

Finextra

Global payments between 2018 and 2023 grew rapidly. Instant cross border payments are welcome as internet continues open global opportunities. EU mandated RTP recognises this, although implementation remains incomplete with a third of the banks yet to offer the service. To cover modern payments needs this has not helped.

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5 Early Indicators Your Embedded Analytics Will Fail

Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".

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12 Years Ago: The First nexo Standards Transaction, a Milestone for European Payments

Finextra

Twelve years on, the journey continues — driving payments toward a more open, interoperable, and innovative world. What started with a symbolic €1 transaction has grown into a global movement shaping the future of harmonized, secure, and innovative payments worldwide.

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Napier AI Lands Investment from Marlin Equity

Finovate

As the regulatory landscape becomes more complex, this mission-critical compliance-first AI platform is well-positioned to deliver continued growth in the global anti-financial crime market,” said Marlin Managing Director Mike Wilkinson. ” The U.K. . ” The U.K.-based

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