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15,000 Blacklisted and 34,000 Accounts Suspended in Thai Banking Fraud Crackdown

Fintech News

The Thai Bankers Association (TBA) has blacklisted 15,000 individuals and suspended 34,000 bank accounts connected to call-center scam operations, according to The Nation. The move follows the implementation of an AI-driven Cross-Reference File (CRF) system designed to identify mule accounts used in money laundering activities.

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Modulr Acquires Accounts Payable Automation Disruptor Nook

Fintech Finance

Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. These are significant concerns, as highlighted by Modulr’s survey of 250 accounting practices which revealed that nearly half (45%) of respondents spend over three hours per week on manual data entry.

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Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud

Fintech News

Global highlights: January – December 2023, Source: Confidence Amid Chaos: Managing Fraud and Scams with Data and Analytics, LexisNexis Risk Solutions In financial services, new account creation attacks increased by 12% YoY, driven by increases on the mobile channel, primarily mobile browser. of all cases.

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AI accounts for 31% of VC funding in Q3

Bank Automation

Global venture capital funding took a hit in the third quarter, but AI startups accounted for 31% of all global funding. This is surprising, because we […] The post AI accounts for 31% of VC funding in Q3 appeared first on Bank Automation News. Venture capital funding for startups globally dropped 21% year over year to $54.7

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FloQast Achieves ISO 42001 Certification, Setting the Standard for Ethical AI in Accounting

FloQast

Aside from being how a business should be run, its also because of the accounting in our DNA: FloQast was created as a tool we wished existed when we were in the trenches, doing the work. With intelligent automation, our goal is to help accountants regain valuable time to focus on what they truly enjoy, both in and outside of work.

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How FloQast AI Transaction Matching Simplifies Reconciliation for Modern Accountants

FloQast

Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. Designed with the specific needs of accountants in mind, FloQast AI Transaction Matching automates many tedious tasks associated with transaction reconciliation.

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NMI Partners with Biller Genie to Launch Bill Connect, Simplifying Payments and Streamlining Accounting for Small to Medium-Sized Businesses

Fintech Finance

Designed to integrate seamlessly with popular accounting software such as QuickBooks Online, QuickBooks Desktop, and Xero, Bill Connect simplifies billing and payment acceptance, offering small and medium-sized businesses (SMBs) an easier way to manage their accounts receivable while accelerating payments.