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Automation and AI Are Transforming Trade Credit and Collections

Trade Credit & Liquidity Management

Automation and artificial intelligence (AI) are transforming accounts receivable (AR) and B2B trade credit management by replacing manual, error-prone processes with intelligent, AI-driven tools. Credit decision-making, collections, cash application, deductions, and communications are greatly enhanced by AI-powered AR automation.

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Moody’s Analytics deploying agentic AI tool

Bank Automation

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 billion by 2034 with a compound annual growth rate of 43.8%, according to a March report from data analytics company Market.us.

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Back office automation for insurance companies: A success story

Nanonets

The claims team would then assess the surveyor's report and the documents submitted, evaluating factors like vehicle identification, part numbers, unit pricing, and overall claim validity. After the assessment, the team would manually enter the relevant details into the claims management system.

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bolttech Partners with AWS to Deploy Generative AI Across Operations

Fintech News

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.

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Klarna fined $46M for neglecting fraud regulations

Bank Automation

11 statement said that Klarna had significant deficiencies in its crime prevention measures, including failing to assess how its services could […] The post Klarna fined $46M for neglecting fraud regulations appeared first on Bank Automation News. The regulator in a Dec.

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Are APAC Businesses Ready? Assessing Digital Preparedness in Finance

Fintech News

AI, Automation, and Blockchain The advent of AI and automation is set to revolutionise productivity and efficiency. Digital transformation in APAC This digital acceleration suggests a future where AI and automation streamline operations and unlock new avenues for innovation and growth. The post Are APAC Businesses Ready?

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Fintech Solutions for SMEs: Unlocking Growth Potential

Fintech Review

Alternative Credit Scoring Models Fintech companies use data beyond traditional credit scores, such as transaction histories, online reviews, and even social media presence, to assess risk. Tala assesses creditworthiness through smartphone data, while Kiva uses peer-to-peer lending to connect small businesses with global investors.

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