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First Internet Bank automates due diligence with gen AI

Bank Automation

The $6 billion digital bank is tapping Greenlite AI’s generative AI technology solution to streamline due diligence for loan decisioning, First Internet Bank Chief Executive David Becker told Bank Automation News.

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Slow Onboarding Drives Client Losses in Singapore’s Banks

Fintech News

Cengiz Kiamil, Managing Director at Fenergo, commented: Cengiz Kiamil “Banks are now required to double down on client due diligence to better understand client risk as part of the countrys clampdown on AML. What was once a back-office concern has now become a key focus at the executive level.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. This leads to inadequate due diligence. What’s next?

IBAN 88
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The growing threat of AI-enabled fraud

Neopay

How GenAI is changing the fraud landscape AI-driven fraud is not a new concept, but the accessibility and capabilities of GenAI have dramatically expanded fraudsters’ arsenals. Phishing attacks: AI-generated content enables fraudsters to create highly personalised and convincing phishing emails that bypass traditional detection methods.

AI 59
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Cytora partners with AI-powered due diligence company Xapien

Finextra

Cytora, the leading digital risk processing platform, has partnered with AI-powered due diligence company Xapien.

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martini.ai Launches Agentic AI Company Research to Improve Insights Into Firms’ Credit Profiles

The Fintech Times

Looking to empower businesses with comprehensive, real-time insights into individual companies credit profiles, martini.ai , the AI-driven credit analytics firm has launched Agentic AI Company Research. By merging credit spread data with essential corporate information, Agentic AI Company Research by martini.ai The post martini.ai

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AI and Real-Time Transaction Monitoring: SEON Identifies Keys to Combatting Fraud in 2025

The Fintech Times

AI-driven fraud threats are becoming increasingly more and more sophisticated. It found that a trifector of points was leading the fraud prevention sector, with firms believing a good mix of the right people and technology was needed, as well as real-time transaction monitoring and the development of AI. AI can help with this issue.

AI 59