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ISO20022: The big shift to structured addresses

Finextra

Neglecting this may lead to payment failures, processing delays, higher costs, false compliance hits, and increased scrutiny from regulators and correspondent banks. That means corporates and their payment service providers have big databases filled with customer and counterparty addresses in an unstructured format.

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Qualy embeds TransferMate payments to support global education

The Paypers

When students or agents make payments through the TransferMate network, each transaction is automatically matched to the corresponding student or agent account. A central feature of the integration is automated reconciliation. This is intended to reduce the need for manual reconciliation and minimise the potential for errors.

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Failed Automation Projects? It’s Not the Tools - It’s the Data

Nanonets

In theory, AI agents and RPA bots could handle countless tasks; in practice, they fail when fed messy or unstructured inputs. The same holds true for AI agents and workflow automation: they only perform as well as the data they receive.   You’re not alone.  They falter with unstructured inputs.

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Beginner's guide to ChatGPT

Nanonets

ChatGPT is a conversational AI model developed by OpenAI, built on the GPT (Generative Pre-trained Transformer) architecture. LLM (Large Language Model): LLMs are AI models trained on vast datasets, capable of understanding and generating human-like text. This is where you can type and interact with the AI. What is ChatGPT?

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How AI data entry brings relief and efficiency

Nanonets

  AI data entry powered by machine learning (ML) and natural language processing (NLP) can help change that scene. Read on to learn more as we explore how AI data entry works, its key benefits, and practical tips to implement it in your organization. What is AI data entry? And that’s only half of the story.

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How to Match Vendor Item Codes to Inventory in NetSuite: A Step-by-Step Automation Guide

Nanonets

You will need to store the mapping of vendor codes to internal item codes in a separate location (like a Google Sheet or CSV) and write a custom integration to lookup from that database. You get the advantage of the NetSuite API and SuiteQL in the backend, while also getting high-accuracy OCR and AI capabilities that learn from your choices.

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How to Use AI in Bank Statement Processing

Nanonets

In this article, we’ll explore applications of AI and automation for bank statement processing. In recent years, AI-powered software tools using natural language processing (NLP) and machine learning (ML) have revolutionized this process.   💡 Best practices:  1. 💡 Best practices:  1.

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