Remove AI Remove Audit Remove Regulatory Compliance
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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

Privacy 88
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The role of artificial intelligence in enhancing AML and regulatory compliance in fintech

The Payments Association

The fintech sector is evolving rapidly, transforming financial transactions, but it is also facing growing regulatory scrutiny and risks, such as fraud and cybersecurity threats. As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance.

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Different Position, Different Challenge: AuditBoard Reveals Why Firms Struggle With Compliance

The Fintech Times

Professionals in decision-making roles are driving their teams to enhance cybersecurity measures and reduce operational risks as AuditBoard , the cloud-based audit, risk, compliance, and ESG management platform, reveals that 91 per cent are concerned about looming cybersecurity threats.

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6 Benefits of AI Insurance Claims Processing

Nanonets

Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries. In addition, AI can help insurance firms evaluate risk with high accuracy by analyzing large volumes of data.

AI 102
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It’s 2021. Do You Know What Your AI Is Doing?

FICO

Responsible AI has been one of my big topics for a few years now, the subject of many articles, blogs and talks I’ve given to audiences around the world. So how are companies faring in adopting Responsible AI, making sure they are using artificial intelligence ethically, transparently, securely and in their customers’ best interests?

AI 98
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Banks Embrace Cloud, AI to Innovate and Tap Partnership Opportunities

Fintech News

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.

AI 113
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 AppZen On The State Of Spend Auditing

PYMNTS

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Audit 56