Clearly Payments

MARCH 14, 2025

Stage 5: Reconciliation and Reporting Merchants and banks reconcile their transactions and generate reports: Settlement Reports : Acquirers and merchants review settled transactions. Fraud Detection Reports : Analyze suspicious transactions using AI-driven fraud detection systems.

Credit Cards

Finextra

JULY 3, 2025

What you must consider Check if the provider offers real-time reporting, fraud detection tools, and regulatory support. You get built-in automation, reports, and reconciliation tools. An eWallet is a complete ecosystem, while a digital wallet is a connector. Transparency in cross-border payments is also critical.

eWallet

Stax

MARCH 18, 2025

Measures such as encryption, tokenization, and fraud detection are vital for protecting payment transactions from cyber threats, fraud, and data breaches. While theres a level of digital fraud risk, most digital payment processing systems have robust security measures, such as encryption, tokenization, and fraud detection.

Process

The Payments Association

JUNE 16, 2025

The findings show that it’s technically possible, but with significant challenges surrounding fraud detection, data sharing, and usability. Integrating Phygital data—combining physical cash and digital payments—will enrich data quality, empowering AI to deliver precise insights and enhance financial inclusion.”

Settlement

Finextra

JULY 24, 2025

So, you should choose a payment platform that has built-in fraud detection and risk scoring. Don’t wait until it’s too late. You should use multi-factor authentication, tokenization, and encryption for every transaction. This protects your reputation and remarks in the market.

Digital Payments

Fintech Review

MAY 4, 2025

Onfido Offers AI-powered document verification, facial biometrics, and database screening through easy-to-integrate APIs. Jumio One of the longest-standing providers of ID verification and AML compliance tools, covering document checks, liveness detection, and transaction monitoring.

Payment APIs and Integration

EBizCharge

APRIL 22, 2025

Salesforce also offers powerful automation tools, customizable workflows, and Artificial Intelligence (AI)-driven analytics that help businesses streamline operations, personalize customer experiences, and make data-informed decisions.

Payment APIs and Integration

The Fintech Times

JULY 15, 2025

Now, we turn our attention to one of the hottest topics in fintech: AI and automation, hearing from Rodrigo Tumaian , co-founder and co-CEO of Prometeo. What are some AI and automation trends we’re seeing in Brazil? Brazil is one of the most advanced AI-ready financial ecosystems globally.

Automation

Finextra

JULY 23, 2025

When money moves instantly, everything else must keep pace: fraud detection, customer support, reconciliation, and dispute resolution. Real-time fraud detection is also particularly complex. The reconciliation challenge is equally significant.

Real Time Payments

The Paypers

JUNE 26, 2025

At the same time, approval rules, fraud detection, and audit trails are embedded directly into the system in order to reduce fraud exposure, improve visibility, and enable fast, policy-aligned payments without the need for additional software or manual processes.

Payments

The Payments Association

JULY 18, 2025

The interim rules are designed to reinforce existing obligations under the Payment Services Regulations 2017 (PSRs) and Electronic Money Regulations 2011 (EMRs), with a strong focus on daily reconciliation, enhanced reporting, and audit transparency. Read More »

Regulations

Finextra

JULY 8, 2025

The platform will also streamline reconciliation through automation and incorporates built-in fraud detection, reducing manual effort while improving security and accuracy. With direct access to client wallet balances within Dext, payments will be quickly reviewed, approved and processed.

Cross-Border Payments

Paystand

JULY 2, 2025

AI in accounting is automating repetitive tasks and processing vast amounts of data in real time, freeing finance teams to focus on strategic work. AI in accounting is automating repetitive tasks and processing vast amounts of data in real time, freeing finance teams to focus on strategic work.

Accounts

Nanonets

NOVEMBER 23, 2024

4 Nanonets AI-powered OCR with customizable workflows and in-built integration with ERP tools. 8 Mindee AI-driven document parsing with pre-trained models for diverse documents. 9 Google Cloud Vision API Robust image analysis, including text detection and classification. Yes Starts at $0.3/page   Who should use Xero Hubdoc?

Multi-Currency

Finovate

JUNE 16, 2025

Transaction Lifecycle Management (TLM) solutions provider SmartStream is entering the insurance business with the latest expansion of its reconciliation and data management platform, SmartStream Air. SmartStream Air leverages AI and machine learning to automate the process of reconciling and managing large volumes of data.

Reconciliation

Fintech Finance

SEPTEMBER 27, 2024

Airbas e, the leading procure-to-pay solution for mid-market and larger organizations, is excited to announce a new era in financial operations with its launch of AI-powered Touchless AP (accounts payable). Airbase’s AI-powered touchless AP system is built to handle every step of the accounts payable process with minimal human intervention.

AI

Nanonets

MAY 6, 2024

General Ledger Reconciliation The General Ledger (GL) is a silent custodian of a company's financial narrative.     General Ledger Reconciliation is the process of comparing and aligning the entries in the general ledger with the corresponding transactions documented in these external sources.  

Reconciliation

Nanonets

JUNE 23, 2023

Balance sheet reconciliation is a critical process in finance and accounting that ensures the accuracy and integrity of financial statements. While it may seem like a straightforward process, there are common mistakes that can hinder the effectiveness of balance sheet reconciliation. What is Balance Sheet Reconciliation?

Reconciliation

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Account Reconciliation can be a fairly manual task, especially right before the monthly close. Why is Account Reconciliation so Important?

Reconciliation

Nanonets

APRIL 3, 2024

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions.

Reconciliation

Nanonets

APRIL 2, 2024

Importance of bank reconciliation in internal control In the world of finance and accounting, accuracy is key. Bank reconciliation is a fundamental process that ensures the alignment of internal records with external bank statements. What Is a Bank Reconciliation? There are various approaches to conducting bank reconciliation.

Reconciliation

Nanonets

FEBRUARY 21, 2024

Introduction Cash reconciliation remains a critical process in today’s retail environment, despite the shift from traditional cash registers to advanced point-of-sale (POS) systems. What is Cash Reconciliation?

Reconciliation

Nanonets

JUNE 26, 2024

What Is a Bank Reconciliation Statement? A bank reconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." How to perform a Bank Reconciliation? These will be added to the accounting records.

Reconciliation

Nanonets

JANUARY 31, 2024

Month-end close is a widely accepted accounting standard that is aimed at keeping an accurate set of financial records and detecting errors/fraud. Month-end reconciliation is the most important part of the month-end close process. Here is how you can do monthly reconciliation. How to do monthly account reconciliation?

Best Practices

Nanonets

APRIL 15, 2024

What is a Bank Reconciliation Statement Bank reconciliation is the process that ensures that a company's recorded cash balances align with the funds in their bank accounts. In effect, the reconciliation statement is a document that presents the comparison between the internal financial records of a company (e.g.

Reconciliation

Nanonets

JANUARY 8, 2024

Bank Reconciliation is the process of matching the company's cash books to the bank statement. The aim is to ensure all transactions are accurately recorded in the company's cashbooks and to find any errors or fraud. Bank reconciliation is crucial for identifying and minimizing such losses.In

Reconciliation

Nanonets

JANUARY 8, 2024

Bank Reconciliation is the process of matching the company's cash books to the bank statement. The aim is to ensure all transactions are accurately recorded in the company's cashbooks and to find any errors or fraud. Bank reconciliation is crucial for identifying and minimizing such losses.In

Reconciliation

Nanonets

JUNE 21, 2023

Efficient reconciliation of payments is a vital aspect of financial management for businesses of all sizes. Manual payment reconciliation processes can be time-consuming, error-prone, and inefficient. Manual payment reconciliation processes can be time-consuming, error-prone, and inefficient. What is payment reconciliation?

Payment Reconciliation

Nanonets

JANUARY 14, 2024

Bank reconciliation is the process of matching the company’s cash ledger with the bank statements. The objective is to scrutinize each transaction and identify any errors or potential fraud. These discrepancies must be accounted for in a bank reconciliation statement to represent the current financial position accurately.

Reconciliation

Nanonets

SEPTEMBER 25, 2024

In this article, we’ll explore applications of AI and automation for bank statement processing.   Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Reconciliation This step involves matching the extracted data with the company’s internal records.

Process

Finovate

SEPTEMBER 18, 2024

The partnership will integrate ID-Pal’s AI-powered identity verification technology into CLOWD9’s payment solutions portfolio. Courtesy of the partnership, CLOWD9 will offer ID-Pal’s AI-powered identity verification technology via its payment solutions portfolio.

Fraud Detection

Nanonets

OCTOBER 9, 2024

  Verification ensures the data matches the bank’s records, preventing fraud and giving you confidence in the applicant’s financial standing.   Read more: How to use AI in bank statement processing How does the bank statement verification process work?

Verification

Clearly Payments

SEPTEMBER 13, 2024

Fraud Prevention and Security: Many payment orchestrators incorporate advanced fraud detection tools , leveraging machine learning and AI to identify and prevent fraudulent activities. They also ensure compliance with industry standards like PCI DSS.

Payment APIs and Integration

Nanonets

MARCH 4, 2024

Artificial Intelligence (AI) today has become a transformative power in the realm of expense management. AI technologies offer promising solutions to these age-old problems, automating mundane tasks, enhancing accuracy, and streamlining processes. Leveraging Generative AI 6.

AI

Nanonets

APRIL 1, 2024

With advanced OCR and AI-powered data extraction, Nanonets enables enterprises to capture data from documents accurately, regardless of the format. It utilizes OCR technology, AI-powered data extraction, customizable approval workflows, ERP integrations, and real-time reporting.

Automation

Nanonets

APRIL 5, 2023

While traditional automation systems focused on streamlining repetitive tasks, intelligent process automation (IPA) takes it a step further by leveraging the power of artificial intelligence (AI) and machine learning (ML) to automate complex business processes. What is intelligent process automation?

Automation

PYMNTS

FEBRUARY 19, 2020

“There is less time to apply traditional fraud techniques,” said Shultz. “It’s very important to keep those fraud detection tools modern and fitting to this faster money-moving environment.” ” Banks’ Collaborative Opportunity.

Real Time Payments