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Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. Fraud detection faces new challenges with advanced technologies like generative AI enabling more complex scams.
W Chain , a top hybrid blockchain platform for global payments, has announced its partnership with NeurochainAI, a leader in decentralized AI development. The partnership will leverage the combined strength of both the companies to transform the global payment system by deploying amalgamation of AI and blockchain technologies.
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.
This year, suspected fraudulent activity surged by 200% worldwide over the holiday weekend, with fraudsters increasingly turning to advanced AI tools to target both physical and digital transactions. Although crooks are using AI more and more, so are we. The company has also been proactive in raising awareness among consumers.
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.
The partnership will leverage advanced AI and federated learning techniques combined with privacy-enhancing technologies (PETs) and Trusted Execution Environments (TEEs). Featured image credit: Edited from Freepik The post Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations appeared first on Fintech Singapore.
The new “Alibaba Cloud Partner Rainforest Plan” centers around artificial intelligence (AI) and includes an enhanced incentive programme, an AI partner accelerator programme, and a revitalised service partner strategy. This includes the development of Managed Large Language Model Services and other AI-focused offerings.
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.
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.
LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and fraud detection solutions. This move will enable LexisNexis Risk Solutions to further enhance its capabilities in combating AI-generated fraud, including deepfakes.
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.
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
Both our companies have been at the forefront of using AI to solve longstanding challenges and pain points in the payments industry. As part of Visa, we will be able to set a new standard in AI-powered fraud prevention and integrate our solutions into a series of products and services that will help make the world a safer place to transact.
January and February are typically peak months for chargebacks, as most disputes occur 45 to 60 days post-purchase, although cardholders usually have up to 120 days after a purchase to make a chargeback claim, depending on the card network. Most chargebacks stem from avoidable issues like late shipments or buyers remorse.
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.
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.
Integrated risk assessment company Moody’s Analytics is deploying agentic AI tools and helping bank clients adopt the technology. The agentic AI market is expected to swell to $196.6 Most of the banks have started already […] The post Moody’s Analytics deploying agentic AI tool appeared first on Bank Automation News.
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.
Based in Dublin, McDonnell will spearhead MiFinity’s innovation strategy, with a key focus on accelerating the integration of artificial intelligence (AI) throughout the company’s infrastructure to enhance product offerings and operational efficiencies further.
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.
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.
Checkout.com , a leading global digital payments company, today announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, has generated over $10 billion in additional merchant revenue. messaging, routing, authentication, credential lifecycle, and retries).
Ant International, a leading global digital payment and financial technology provider headquartered in Singapore, has been intensifying its integration of Artificial Intelligence (AI) technologies to enhance and secure millions of daily cross-border transactions for merchants across over 200 global markets.
Whether through Banking-as-a-Service partnerships or agentic AI that guides financial decisions, we are moving toward an experience that is seamless and fully integrated into daily life.” Emerging tech: High-stakes opportunities The hype surrounding AI, blockchain and quantum computing continues to grow, and for good reason. .
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.
Zühlke offered forward-thinking perspectives on the adoption of AI, digital money, and the future of work for talents. This includes the responsible development and use of Generative AI (Gen AI) and new forms of digital money impacting the broad ecosystem across the financial services industry.
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.
Mastercard is integrating agentic AI into its payments infrastructure as younger users demand streamlined transactions. “Today’s consumers expect personalized seamless financial experiences — particularly digitally-native generations, like Gen Z, that are now dominating the workforce and financial mainstream with increasing influence,” Seema Chibber, (..)
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.
Sumitomo Mitsui Financial Group (SMFG) is launching a new agentic AI venture headquartered in Singapore, appointing Ahmed Mazhari as CEO. The company will focus on building and deploying enterprise-grade AI agents that can learn, reason, and act autonomously in complex business environments.
Bank of America is reaping the benefits of AI investment to enhance its lending and deposits business. trillion, a […] The post Bank of America taps AI to power loan, deposit growth appeared first on Bank Automation News. The bank today today reported $2 trillion in deposits in the first quarter, a 2.3%
Through this integration, PayJunction merchants can now deploy AI-driven Interactive Voice Response (IVR) solutions that securely process payments over the phone and eliminate manual processes, saving time and money. The post PayJunction Launches AI-Driven Voice Payments Powered by Twilio appeared first on FF News | Fintech Finance.
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.,
Arta Finance has launched Arta AI , an artificial intelligence-powered tool aimed at helping users manage their wealth through a digital interface. The platform enables clients to engage with a suite of AI agents for portfolio analysis, investment planning, and financial insights. or What should my portfolio look like?
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 new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasury management, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.
Spendesk , the AI-powered spend management and procurement platform, today announces a major milestone: it has achieved profitability, marking one full quarter in the black. The post Spendesk Becomes First Profitable Spend Management Platform, Redefining Finance with AI appeared first on FF News | Fintech Finance.
Jack Forestell, Visa’s Chief Product and Strategy Officer said , “Combining the strength of our global network with our leadership in payment innovation here in Asia Pacific, we are bringing new products and solutions that will transform commerce and deliver trust and security to AI-enabled payments across the region.”
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. Every purchase, deposit, and transfer tell a story about what your accountholders need next.
PayTabs Group , a Future 100 company and MENA’s award-winning payment orchestration powerhouse, today announced the launch of its enhanced Artificial Intelligence (AI) powered payment orchestration platform. PayTabs AI powered approach has made it the go-to partner for financial institutions looking to leverage AI to scale efficiently.
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.
It has announced new partnerships to expand the use of generative AI (Gen AI), cloud infrastructure, and cybersecurity tools among small and medium-sized enterprises (SMEs). IMDA is also enhancing its GenAI x Digital Leaders programme with AWS and Microsoft to help digitally mature SMEs overcome barriers in adopting Gen AI.
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.
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