Fintech Review

FEBRUARY 11, 2025

Artificial intelligence (AI) is transforming fintech. However, the debate continues: should AI replace human decision-makers or serve as an augmentation tool? While AI excels at processing vast datasets, it lacks human intuition. A balanced approach is necessary to harness AIs power without compromising human oversight.

AI 66

AI FinTech Risk Assessment Assessments 66

Clearly Payments

JANUARY 21, 2025

Regulatory Compliance: Modern platforms come pre-configured to meet standards like PCI DSS , GDPR, and local regulations. Fraud Reduction: Modern payment systems can lower fraud rates by up to 60% through advanced security measures like AI-based monitoring.

Government Payments 59

Government Payments Government Governance PCI DSS 59

M2P Fintech

MARCH 24, 2025

With the evolution of cutting-edge technology came centralized data management that provides real-time insights, and AI-driven monitoring and analytics. From loan underwriting to collections, AI algorithms streamline processes, enhance accuracy, and improve the overall customer experience. Explainable AI (XAI) promotes transparency.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

The Fintech Times

FEBRUARY 11, 2024

Continuum Live This plug-and-play hosted offering brings the benefits of the Napier Continuum platform to organisations looking to go live and achieve regulatory compliance as quickly as possible. But with Napier Continuum Live, they are getting the full, feature-rich platform pre-configured to their needs.

Compliance 83

Compliance AML Financial Crimes Payment APIs and Integration 83

The Fintech Times

JANUARY 5, 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. In 2023, Salesforce published research revealing some of the biggest generative AI trends of the year.

AI 75

AI Database Financial Crimes Compliance 75

CB Insights

JANUARY 4, 2018

When artificial intelligence (AI) and its impact on jobs and the economy comes up, the conversation centers on blue collar jobs. such jobs at risk in the USA due to AI. But, the jobs of MBAs and their white-collar brethren will also be impacted dramatically by AI. Per The State of Automation Report , there are 4.6M

Automation 75

Automation AI Audit Consulting 75

Stax

FEBRUARY 19, 2025

AI-driven analytics for better decision-making. Upselling and cross-selling opportunities , such as integrating an AI-powered chatbot into a customer relationship management platform. Expanding into new markets by leveraging ISV solutions that cater to global compliance requirements and multilingual support.

ISVS 88

ISVS Payment APIs and Integration API Best Practices 88

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Payments Association

MARCH 19, 2025

A modular polyglot architecture, where banks adopt a diverse ecosystem of technologies, for example, relational databases for transactions, NoSQL for real-time data, and distributed ledgers for auditability, offers strategic response.

Non-Bank 88

Non-Bank Regulatory Compliance AI Risk 88

Nanonets

AUGUST 14, 2023

AI invoice processing is no longer a sci-fi dream but a present reality reshaping the way businesses manage their accounts payable (AP). The rapid evolution of artificial intelligence (AI) and machine learning (ML) is pushing the boundaries of what's possible in business automation. What is AI-based invoice processing?

AI 52

AI Process Automation Interoperability 52

The Payments Association

FEBRUARY 10, 2025

Click to see how to conduct a proper fraud risk assessment Click here to read the step-by-step methodology Failure to prevent fraud: What you need to know Fraud remains one of the most significant threats to businesses, affecting financial stability, stakeholder trust, and regulatory compliance. Read More

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Fintech Times

AUGUST 9, 2024

Panellists emphasised the inevitability of financial digitisation, with the UAE already leading in AI adoption. One panellist, Jamal Saleh , director general of UAE Banks Federation, shared his view: “The UAE’s progressive approach to CBDCs and AI places it at the forefront of financial innovation.

CBDC 64

CBDC Digital Currency Central Bank Cybersecurity 64

FICO

APRIL 26, 2022

Scott Zoldi, FICO’s chief analytics officer, scored a pandemic hit with his LinkedIn streamcast series, “ Expect the Unexpected: AI and Bias, the Boardroom, Blockchain and Business.” Season 2 “ Under the Hot Rod Hood: The Data Science of AI ” kicked off on April 20 and you can replay Episode 1 here. Is AI Biased?” Scott agreed.

AI 52

AI Regulations Government Governance 52

FICO

JUNE 5, 2017

The tech industry is full of predictions, but in this one, I have high confidence: The future is unstructured –– because unstructured data holds the key to the next generation of intelligent systems, which will be largely based on cognitive analytics and artificial intelligence (AI)-based applications. How do I know?

XML 108

XML Origination Regulatory Compliance CRM 108

The Finance Weekly

JULY 19, 2022

Ensuring that the company's accounts and finances are audit-ready at closing. Specific capabilities include financial planning and analysis, integrated business planning, financial reporting, regulatory compliance reporting, and financial close management. Proactive budgeting with an expert understanding of company finances.

CRM 240

CRM Finance Database Automation 240

Nanonets

APRIL 30, 2024

Particularly, extracting data from PDFs —an often cumbersome and error-prone task—has seen significant advancements with the emergence of Artificial Intelligence (AI). How AI-based PDF data extraction addresses these challenges Utilizing AI to extract data from PDFs offers a promising solution to these challenges.

AI 52

AI Due Diligence Automation Use Case 52

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. Here at FICO, AI is in everything we do. Compliance, is not just a toolset.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Finextra

JUNE 2, 2025

Open Banking frameworks baked in audit trails, secure authentication, and regulatory oversight to ensure that when you share your data, it’s handled safely. In fintech, that meant compliance checks, uptime requirements for APIs, etc. The composability we’ll discuss shortly is one outcome of this interoperability.

Finance 52

Finance Payment APIs and Integration API Regulations 52

Nanonets

MAY 22, 2023

In the process, they help prevent fraud and ensure regulatory compliance. Setting up regular financial audits Regular financial audits are essential for ensuring that the financial controls in place are working as intended. These should then be clearly documented and communicated to all relevant staff.

Automation 98

Automation Procedures Audit Process 98

Innovative Payments Association

AUGUST 29, 2024

This will help ensure that all employees are aware of their compliance responsibilities and can identify and report suspicious activity. Conduct Regular Monitoring and Audits Regular monitoring and audits are essential for assessing the effectiveness of a compliance program.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

PYMNTS

FEBRUARY 7, 2019

The burden of regulatory compliance came to a head in the U.S. “Each of these suppliers [need] to provide some number of documents to prove they are compliant, ranging from a certificate of insurance to a food safety audit to a manufacturing audit, and so on,” he said. ” The Limitations Of Tech. .

Compliance 65

Compliance Due Diligence Blockchain Audit 65

Nanonets

SEPTEMBER 18, 2024

Financial document automation uses technologies like advanced Optical Character Recognition (OCR), Artificial Intelligence (AI), and Machine Learning (ML) to streamline these processes.  Financial document automation is crucial to ease employee stress, improve customer service, reduce turnaround times, and enhance regulatory compliance.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

The Fintech Times

OCTOBER 12, 2024

ESG 360 : An AI-Driven Platform using existing ESG Reports to produce a gap analysis for regulatory compliance that provides full audit capability. ESG Disclose : An AI powered platform that offers AI-powered analytics, customised integration, real-time monitoring, and collaborative tools.

FinTech 52

FinTech Regulatory Compliance AI Professional Development 52

FICO

MARCH 24, 2021

However, financial institutions should also consider the introduction of machine learning and artificial intelligence (AI) as well as other new technologies, to go beyond simple red-flag indicators to appropriately detect the complex behavior associated with trade transactions. Conducting internal monitoring and auditing.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

Nanonets

APRIL 29, 2024

Regulatory Compliance : Compliance with regulatory standards such as GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) is non-negotiable for businesses. Accuracy and Data Integrity : Accuracy is paramount in balance sheet reconciliation.

Reconciliation 52

Reconciliation Payment APIs and Integration Audit Regulatory Compliance 52

FloQast

MAY 13, 2024

9 Evolving Trends in Accounting The accounting industry is changing rapidly, influenced by technology like automation and artificial intelligence (AI), new regulatory demands, and evolving client and employee expectations. Despite this shift, consultants foresee AI enhancing how these professionals work rather than eliminating jobs.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Nanonets

JUNE 23, 2023

This documentation serves as an audit trail and provides a reference for future reconciliations or audits. Regulatory Compliance Balance sheet reconciliation is a crucial element of regulatory compliance. Documenting the process ensures transparency and provides a reference for future audits or inquiries.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

The Fintech Times

SEPTEMBER 4, 2024

.” A ‘double-edged sword for compliance teams’ Matthew Franzyshen , business development manager at Ascendant Technologies , a full-service IT company, explains how the rapid evolution of artificial intelligence (AI) has both positively and negatively impacted compliance. appeared first on The Fintech Times.

Compliance 64

Compliance Rules Regulations Laws 64

CB Insights

NOVEMBER 2, 2017

Companies in this space help customers meet compliance standards, ensure risk management protocols are in place, and put in place controls that actively mitigate risk. Incumbents still primarily rely on legacy paper processing for compliance and additional compliance requirements are creating strain.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

FICO

JANUARY 25, 2022

The 5 top posts for decision management on the FICO Blog last year dealt with digital transformation in insurance, automated originations, responsible AI, model governance and, strangely enough, movies! Do You Know What Your AI Is Doing? . Who’s Responsible for Responsible AI? Here are extracts from those posts.

Posting 52

Posting AI Government Governance 52

Nanonets

APRIL 3, 2024

In this article, we will discuss the importance of the vendor reconciliation process and the benefits of employing AI-enhanced tools such as Nanonets. Compliance and Audit Readiness: Vendor reconciliation plays a crucial role in ensuring compliance with regulatory requirements and audit standards.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   This transparency is essential to establish trust among stakeholders and investors, and for regulatory compliance.

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

PYMNTS

JULY 5, 2017

Born, who spoke with PYMNTS about what’s missing in today’s array of business intelligence tools, noted that despite the field having adopted sophisticated technologies like data analytics and artificial intelligence (AI), there is often a human element missing from the reporting process. But data can quickly turn into a burden.

Audit 52

Audit Regulatory Compliance Automation Technology 52

Nanonets

APRIL 15, 2024

Demonstrates commitment to financial integrity and regulatory compliance : Regular and accurate bank reconciliation reflects a company's dedication to maintaining high standards of financial transparency and compliance with regulatory requirements.

Reconciliation 52

Reconciliation Adjustments Checks Correspondent 52

Nanonets

JULY 21, 2023

In addition to accelerating the reconciliation process, reconciliation software also enables an audit trail, significantly improving transparency and accountability. Once approved, the reconciled data is securely stored in a centralized database, ensuring an auditable trail.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Online and Mobile Banking 52

PYMNTS

JULY 11, 2019

“The identity component of this is probably not being driven by nefarious motives — it’s being driven by the need for having regulatory compliance in multiple jurisdictions, not an identity that is tied to any one particular government.”. Or, you could try to implement some sort of certification program or an audit process.

Risk 49

Risk Cryptocurrency Regulations Privacy 49

Nanonets

SEPTEMBER 27, 2024

We will also understand how we can leverage AI-based Intelligent Document Processing (IDPs) tools to automate STP and reduce human dependency in this sector. AI algorithms then analyse this data to assess the risk associated with issuing a loan to a particular individual. So, let’s get started.

Process 52

Process Underwriting Automation Database 52