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Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

Now he no longer has to explain instant payments, and instead he talks about use cases, including transferring funds from closed loop systems to bank accounts. Other closed loop systems with digital wallets, such as gaming sites, have also made use of RTP.

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

Finextra

In a late 2024 cross-industry survey by SAS, banking and insurance executives reported the highest current usage of generative AI—60% in each sector are already using GenAI in some capacity, the top rate among industries. A global survey found that 98% of banking leaders either use generative AI now (60%) or plan to within two years (38%).

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Can Agentic AI in Fintech Transform Financial Services Through Autonomous Intelligence?

Fintech News

In this article, we cover the developments between Agentic AI in fintech and possible use cases, giving a glimpse into how financial services could look like in the near future. Weve already seen this shift with robo-advisors, automated budgeting apps, and frictionless payments. What is Agentic AI?

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Banking on Intelligence: The Global Sprint to AI Maturity in Finance

Finextra

Use Cases and Impact U.S. banks are applying AI in a range of use cases. On the risk and operations side, common uses include fraud detection, anti-money-laundering pattern detection, credit risk scoring and trading optimization. Use Cases and Early Benefits UK banks mirror global trends in AI use cases.

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Signicat Acquires Digital ID Verification Company

Finovate

Inverid’s flagship product, ReadID , uses NFC on smartphones to securely verify ID documents, making it ideal for high-assurance use cases like banking, government, and cross-border compliance. This makes ReadID a powerful addition for high-assurance use cases like onboarding for banks, insurers, or government services.

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How are digital IDs reshaping industries for a secure and seamless future?

The Payments Association

Airlines already have mobile boarding passes generated at check-in to expedite boarding, and some work has been done within the airline mobile application; United is a good example use case, eliminating a traditional ID requirement at check-in including baggage. Previously, these exchanges relied on in-person verification.

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The End of Average: AI Is Rewriting the Rules of Digital Banking CX

Finextra

In fact, a global marketing survey found personalization is the predominant use case for AI in finance, with 44% of organizations scaling AI to tailor customer experiences, anticipate needs and boost loyalty. Banks used AI to make these self-service options smarter, more intuitive and more comprehensive than ever.

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