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AI in Finance: Freeing Managers from Routine Tasks to Drive Business Growth

Fintech News

AI-Powered Automation: Streamlining Spend Management Source: Shutterstock SMEs handle hundreds of invoices monthly. This is where Artificial intelligence (AI) becomes important. Many organisations that have embraced AI have seen tangible results, including maximised revenue. AI can be a game-changer here.

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Modern Treasury Announces the First AI Platform Purpose-Built for Payments

Fintech Finance

Modern Treasury , the leading payment operations platform for businesses, today introduced Modern Treasury AI to deliver the first AI Platform purpose-built for the unique demands of enterprise payments. ” Modern Treasury AI The AI Agent is the first enterprise-grade Agent that understands payments.

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AI for QuickBooks: Automate invoice and AP management

Nanonets

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?

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A blockchain startup seeks to duplicate Amazon's control of payment data

Payments Source

A Brooklyn startup predicts a mix of blockchain and AI can give retailers a referral and conversion model like Amazon and eBay, but the merchants will have to cede some data control.

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10x Banking and Constantinople to Accelerate Banking Transformation

Fintech News

The companies aim to support banks, mutuals, and financial institutions in accelerating digital transformation, integrating AI, and reducing operational costs. Banks often invest heavily in developing duplicative systems, which can limit innovation and delay growth.

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AP Teams Need Automation to Combat Rise in AI Invoice Fraud Finds Basware

The Fintech Times

This strain on resources has largely come as a result of generative AI according to the report. Specifically, 62 per cent of businesses cite generative AI as a key driver behind the surge in invoice fraud according to The Rise in AP Fraud report by Basware.

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From Friction to Function: Optimising Onboarding in an Age of AML, AI and Rising Risk

Finextra

How can banks better collect, orchestrate, and reuse data to streamline onboarding and reduce duplication? How can banks move from reactive compliance to proactive, intelligent onboarding using automation and AI? What role does data play in transforming onboarding from a compliance burden into a competitive advantage?

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