This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Singapore-based insurtech firm bolttech is integrating generative AI tools from Amazon Web Services (AWS) to improve customer service, automate workflows, and reduce costs across its global operations. The company has built a generative AI platform called the “bolttech Gen AI Factory” using Amazon Bedrock.
The AI-powered payment optimization suite will help businesses increase payment conversion, simplify fraud management, and reduce the cost of payments. Thanks to Adyen Uplift, businesses can optimize the full payments funnel with AI. This will transform cost savings and performance, redefining business efficiency in 2025 and beyond. $1
Software giant UiPath is rolling out an enterprise-grade agentic AI platform designed to serve as a liaison between AI agents, robotic process automations and humans to streamline workflow automation.
As the artificial intelligence revolution reshapes industries at an unprecedented pace, AIsa announces the launch of its revolutionary payment infrastructure tailored to the unique needs of the AI economy. Scalability Issues: AI systems demand thousands of transactions per second, far beyond current capacities.
Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. This strategic move strengthens our offerings in invoice management and accounts payable automation, while giving Nook’s customers full access to Modulr’s extensive payments capability.”
NeuroWatt , a Singapore-headquartered provider of high-performance computing (HPC) and artificial intelligence (AI) solutions, is showcasing its latest technologies at GITEX Asia 2025 , which kicks off today at Marina Bay Sands and runs until April 25.
AI-Powered Automation: Streamlining Spend Management Source: Shutterstock SMEs handle hundreds of invoices monthly. However, this system is mainly used for accounts receivable, leaving room for the automation of accounts payable too. Automating these processes can benefit SMEs. It can also perform predictive analysis.
Ramp AI Finance Automation officially launches with a new set of AI agents that are meant to make the work of finance teams easier. Ramp’s smart automation helps businesses of all sizes cut down on manual tasks, increase productivity, and make decisions about money faster. “This isn’t just automation.
Backbase , a digital banking software provider, has launched its AI-powered Banking Platform, following the introduction of its Intelligence Fabric in September 2024. A key feature is Agentic AI , a set of modular agents built for specific banking tasks. The AI-powered Banking Platform is now globally available.
Antom , the merchant payment and digitisation services arm of Ant International , has released an update to its AI agent, Antom Copilot. Originally launched in June 2024, Antom Copilot is described as the first AI agent dedicated to merchant payment services.
A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. While some are more successful than others, one indisputable success has been AI.
Financial institutions are moving beyond pilot projects to implement production-grade, explainable and cost-effective AI solutions that can meet operational and regulatory demands. The company provides banks with […] The post Podcast: Banks push for cost-effective, multimodal AI tools appeared first on Bank Automation News.
iWallet , the pioneer in digital payment solutions, announces a groundbreaking innovation with the introduction of Voice AI to payments. Voice Technology: Bridging the AI Gap in Payments Nearly 81% of American consumers use voice technology daily according to TELUS. Ask any question you like.
Mastercard has launched Agent Pay, a new program designed to integrate payments into AI-driven commerce experiences. The initiative aims to enable secure, seamless transactions through generative AI agents across consumer and business platforms. Mastercard said these efforts are grounded in its commitment to responsible AI development.
Sumsub has introduced a significant AI-powered update to its Case Management system. Developed with input from financial crime teams and Sumsub’s existing clients, the update incorporates AI tools and automation features intended to support real-time decision-making. A notable addition is Summy, Sumsub’s AI assistant.
As we continue to push the boundaries in the AI space , our AI-powered tools help accounting teams do more with lessenhancing decision-making, uncovering insights, and reducing repetitive tasks through intelligent automation. This milestone isnt just another checkbox for usits a commitment to doing AI the right way.
Ally Financial is exploring new internal use cases for gen AI and investing in client-facing digital capabilities. The bank is committed to disrupting the industry with […] The post Ally Financial invests in new gen AI use cases appeared first on Bank Automation News. billion banks first-quarter earnings call.
used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, according to people familiar with the matter. Jack Ma-backed Ant Group Co. Ant used domestic chips, including from affiliate Alibaba Group Holding Ltd. and Huawei Technologies Co., and Huawei Technologies Co.,
At the heart of this transformation lies a decisive enabler: automation. 6 Ways Automation Drives Success for Life Apps Life apps will fundamentally depend on automating customer interactions and the processes beneath them.
A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. “The solution isn’t to use AI less, but rather to test it more rigorously. .
This partnership combines FinGoal’s transaction intelligence with DeepTarget’s AI-driven engagement platform to decode those stories and turn them into opportunities and results. Automating the Targeting & Personalization Process: The use of transaction data for intelligent campaigns can be a complex process.
Antom Copilot AI Agent has been significantly upgraded by Ant International to expand its role in merchant payment automation. This intelligent solution now powers onboarding, risk configuration, chargeback support, and payment integration—strengthening its place as a leading AI-driven financial service tool. Antom Copilot 2.0
Businesses using QuickBooks ' AI-powered features get paid five days faster. But it doesn’t stop at built-in AI. It adds another layer of AI-powered automation to your QuickBooks workflows, enabling you to automate information capture, approval routing, and invoice posting. The result?
PayJunction , a leading tech-focused payments company, announced today an integration with Twilio (NYSE: TWLO), the customer engagement platform providing real-time personalized experiences, that enables businesses to easily automate and scale their phone payment operations.
Southeast Asias largest lender has approximately 8,000 to 9,000 of such staff, according to Chief Executive Officer Piyush Gupta, replying to a […] The post DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles appeared first on Bank Automation News.
The financial services industry has consistently led the way in embracing technological advancements, with Generative AI (GenAI) emerging as a transformative force in recent years. However, the emergence of Agentic AI marks a significant evolution in this landscape. What is Agentic AI?
Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training.
JustPaid , the AI-powered revenue automation platform backed by Y Combinator , has launched three exciting new features this summer, designed to streamline workflows, accelerate growth, and put intelligent automation at the center of how businesses manage finance. This is the future of intelligent, self-serve finance.”
Small and mid-sized businesses (SMBs) are suffering from a continuing onslaught of cyberattacks as threat actors adopt more efficient targeting and AI-driven attacks, according to a new report from cybersecurity firm SonicWall. In fact, AIautomation tools are lowering barriers for entry, while increasing attack complexity.
Finmo , a treasury operating system for international finance teams, has launched MO AI, a conversational assistant embedded within its platform. Built on Finmo’s proprietary Model Context Protocol, MO AI incorporates real-time data, contextual financial interpretation, and the ability to execute actions.
This innovation accelerates development cycles, reduces engineering effort, and enhances integration qualitymaking embedded payments and financial automation more accessible than ever. Key Features of the API GPT Assistant: Instant AI-generated API code tailored to their unique integration needs.
American fintech Jack Henry has selected boost.ai , the developer of AI agents for regulated enterprises, to deploy secure, conversational AI within Jack Henry’s extensive network of financial institutions across the US. “boost.ai brings both the regulatory discipline and real-world experience we need. .”
As technologies like cloud computing and artificial intelligence (AI) become more accessible, banks in 2025 will face a new challenge. In turn, this partnership has provided banks with speed and precision in delivering AI-driven services. How will banks utilise AI in 2025? “Agentic AI is a game-changer.
Standard Chartered has launched SC GPT, a GenAI tool, across 41 markets worldwide as part of its strategy to integrate AI into its business. Mohammed Rahim, Group Chief Data Officer at Standard Chartered, said: Mohammed Rahim The tool has been developed with strong governance and ethical AI principles at its core.
.” While only 1% of banks surveyed have successfully automated the majority of their KYC and onboarding workflows, the report reveals a growing interest in AI-driven solutions. 38% of respondents indicated plans to implement AI to enhance operational efficiency, while 30% aim to improve data accuracy with AI-powered tools.
Papaya Global’s new AI-powered solutions run on four central pillars: AI Data Connectors allow clients to standardize and consolidate their workforce data from HRIS, ERP, and other financial tools – eliminating lengthy mapping processes with 99.7% Amit Levi, SVP Product.
A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. However, AI isn’t a problem-free solution.
Fintech Intuit is investing in AI and gen AI technology to develop streamlined solutions for financial customers. Our strategy in AI is to not just build it for a few specific use cases, Ashok Srivastava, chief data officer at Intuit, told Bank Automation News.
Agentic AI is already taking center stage this year: 71% of executives say AI agents will drive higher levels of automation in their workflows and 52% percent say they plan to use agents in 2025.
In an industry facing an extreme talent shortage, combined with rapidly evolving technology, Artificial Intelligence (AI) agents should be a top priority for all accounting departments to evaluate this year. But what exactly are AI agents, how can you use them, and what are the benefits? What are AI Agents? Lets dive in!
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content