Bank Automation

MAY 2, 2024

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter. “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.

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Bank Automation

JANUARY 30, 2024

Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI. “By

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Bank Automation

APRIL 15, 2024

AI continues to take the financial services industry by storm, but as the mega-big banks implement internal AI councils, hire chief data officers and invest heavily in the tech, many institutions are still asking “Where do we start our AI journey?”

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The Fintech Times

MAY 14, 2024

Celebrating another milestone in harnessing an innovative technology, namely generative artificial intelligence (gen AI), Klarna , the AI-powered global payments network has hit 87 per cent gen AI adoption rates among employees. The AI-powered global payments network revealed the adoption rates in these teams are 92.6

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Fintech News

MAY 6, 2024

The summit also served as a platform for launching AWS’s flagship AI programme, AWS AI Spring for Singapore. This initiative is part of Singapore’s broader National AI Strategy 2.0, aligning with the government’s S$1 billion investment in AI. said Priscilla Chong, Country Manager, Singapore, AWS.

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Finovate

MAY 16, 2024

As the banking sector stands at the precipice of a new era powered by fintech innovation, mastering the rapid deployment of AI technologies is not just beneficial—it’s imperative. Implementing Human Experience-Centric AI Solutions At the heart of technological advancements lies the need to enhance human interactions.

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The Fintech Times

APRIL 15, 2024

Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so. With this in mind, it only makes sense that we delve into the impact that AI has had on the embedded finance space as part of our April monthly theme.

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Fintech News

MAY 13, 2024

Banking software company Temenos announced the launch of its new Responsible Generative AI solutions, aimed at enhancing core banking operations at the Temenos Community Forum 2024. The company introduced these AI solutions to integrate with its existing banking platforms, including Temenos Core and Financial Crime Mitigation (FCM).

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Bank Automation

MAY 1, 2024

Tech giants across the board are looking to monetize AI as they continue to pour funds into developing technology and cloud services. “We We have clear paths to AI monetization through ads and cloud, as well as subscriptions,” Chief Executive Sundar Pichai said during Google’s April 25 earnings call. “The

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The Fintech Times

MAY 17, 2024

This commitment extends beyond the insurance product itself, encompassing outstanding AI-powered customer care and a streamlined claims process.” Backing AI-driven banking bunq has also made moves to bolster its AI-driven banking experience, by upgrading its AI money assistant.

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Bank Automation

MAY 16, 2024

To provide personalized customer experiences, TD Bank is developing AI technology, which has resulted in more patents for the company. “TD has filed more than 450 patent applications in relation to AI [since 2020],” Senior Vice President and Chief Architect Licenia Rojas said on May 15 during TD Tech and Innovation Day.

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The Fintech Times

JANUARY 6, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. But how much can AI really change in the next 12 months when it comes to fintech?

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AI FinTech Financial Literacy Risk Management 141

TechCrunch Fintech

MAY 7, 2024

Daloopa, a startup building AI to extract info from financial reports and investor presentations, has raised cash in a new funding round. © 2024 TechCrunch. All rights reserved. For personal use only.

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Finextra

APRIL 12, 2024

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

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AI Authorization Risk 116

Finextra

MAY 7, 2024

Visa is introducing a generative AI tool to assign real time risk scores to transactions in a bid to stop enumeration attacks that use automated scripts and botnets to test for vulnerabilities.

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AI Automation Risk Transactions 129

Fintech Finance

MAY 16, 2024

EBANX’s AI day, is a special event today (May 16th) to discuss the future of businesses, payments, and work with AI. “EBANX’s AI Day is a custom-made event for those passionate about innovation and curious about how AI is revolutionizing the world.

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AI Fraud Prevention Innovation Technology 52

The Fintech Times

JANUARY 9, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. How should firms be utilising AI in the near future to both ensure the best results for their business and to not be left behind?

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AI FinTech Online and Mobile Banking Best Practices 117

Finextra

APRIL 24, 2024

Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.

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Fintech News

APRIL 21, 2024

SoftServe, a global IT consulting and digital services firm, is set to present its latest generative AI (Gen AI) technologies at the upcoming Money20/20 Asia conference. During the conference, attendees will have the opportunity to explore three new Gen AI-integrated solutions: the updated digital avatar Jade 2.0,

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AI Innovation APACS Industry Trends 95

Fintech News

MAY 6, 2024

announced its global launch at the Dubai Fintech Summit, unveiling new AI solutions tailored for the banking and financial services sector. Dyna.Ai’s newly launched AI platform features two key solutions: Dyna Athena for text-to-speech and language processing, and Dyna Avatar for digital human interactions.

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The Fintech Times

FEBRUARY 22, 2024

In January 2024, we focused on generative artificial intelligence (AI) and how it has emerged onto the fintech scene following its boom in 2023. “Artificial Intelligence (AI) will play a pivotal role in elevating security within the cross-border payments space.

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The Paypers

MAY 13, 2024

Switzerland-based Temenos has announced the launch of its Responsible Generative AI solutions as part of its artificial intelligence infused banking platform.

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Fintech Weekly

DECEMBER 6, 2023

AI regulation might prevent the European Union from competing with the US and China.

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Payments Next

MARCH 11, 2024

By Michael Seaman, Co-founder & CEO of Swipesum In a world rapidly embracing digital technology, efficient, reliable, and secure payments are more The post Four ways AI is transforming payments first appeared on Payments NEXT.

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The Fintech Times

APRIL 15, 2024

Bringing together experts from across the artificial intelligence (AI) space and web3 ecosystem, VAP group has announced the inaugural editions of the Global AI Show and the Global Blockchain Show. At the Global AI Show , attendees will get a glimpse into an AI-powered future. Among the distinguished speakers, H.E.

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Finextra

JANUARY 25, 2024

PayPal has unveiled a host of new AI-driven features for the new year but the plans failed to convince the market, with the payment giant's shares down more than four per cent in afternoon trading.

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Bank Automation

MARCH 21, 2024

Both KeyBank and PNC Bank are exercising caution in how they roll out generative AI to their customers. The models need to be refined for accuracy before consumers can be the “prompters,” or questioners, for gen AI-driven features, Dominic Cugini, chief transformation officer at $185 billion KeyBank, said at Bank Automation Summit U.S.

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Finextra

MAY 10, 2024

AI Squared, a leading technology provider for integrating information into web-based business applications, announces its acquisition of the world’s number one open-source Reverse ETL (rETL) company, Multiwoven.

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Fintech News

APRIL 16, 2024

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. Following a credit decision, gen AI can draft the credit memo and contract.

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Fintech News

APRIL 28, 2024

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

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AI Innovation Financial Crimes Crime 95

Bank Automation

MAY 10, 2024

GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle, global chief information officer, said at Auto Finance Summit East 2024. The captive joins financial institutions including Deutsche Bank, Scotiabank, Citigroup and others integrating AI within their operations. “The

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AI Finance Process Technology 61

Bank Automation

APRIL 5, 2024

Morgan Stanley, acknowledging the growing importance of AI in the financial services industry, has named Chief Analytics and Data Officer Jack McMillan to the newly created position of head of companywide AI.

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Bank Automation

JANUARY 30, 2024

Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics.

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Finextra

APRIL 30, 2024

Like nearly everyone else, anti-fraud professionals are anxious to put artificial intelligence (AI).

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Finextra

MARCH 28, 2024

A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.

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