Fintech News

SEPTEMBER 23, 2024

Five applicants have submitted bids for a virtual bank license, according to Somchai Lertlarpwasin, Assistant Governor of the Financial Institutions Policy Group at the Bank of Thailand (BOT). The submission window, which closed on 19 September 2024, followed a call from the Ministry of Finance and the BOT for interested parties to apply.

Central Bank

Fintech News

APRIL 16, 2024

With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services. The BOT expects the advent of digital banking to heighten customer experiences, enhance financial services accessibility, and lower fees for consumers.

FinTech

Fintech News

MARCH 20, 2024

This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. said Vyacheslav Zholudev, CTO and co-founder of Sumsub.

APACS

PYMNTS

JULY 3, 2019

The FCA explained that the products are a risk to consumers because cryptos’ value and risks cannot be reliably assessed due to extreme volatility, market abuse and financial crime, among other reasons. Through our service, which takes the form of a bot that is added to a group, we offer free, real-time threat intelligence for Telegram.

Bots

Finovate

SEPTEMBER 23, 2024

Agentic AI customer service bots will also be proactive, and will be able to anticipate customer needs based on real-time data and past behaviors. Real-time risk assessment To reduce operational risks, Agentic AI can autonomously assess the organization and market in real time.

AI

The Fintech Times

DECEMBER 11, 2023

Sustainability as a Service involves a diverse selection of offerings, such as sustainability advisory services for ESG assessment and target setting, monitoring and tracking platforms, and solutions to enhance efficiency and decrease carbon emissions.

FinTech

VISTA InfoSec

JULY 31, 2023

After completing all the applicable requirements and steps mentioned in the PCI DSS checklist, businesses may engage a Qualified Security Assessor (QSA) to perform a formal assessment of their compliance with the PCI DSS. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.

PCI DSS

Nanonets

JUNE 5, 2023

RPA operates on well-defined rules that are predetermined by developers who program the software bots to replicate human actions within a given system or application. The bots operate around the clock with minimal supervision, ensuring maximum productivity at all times.

Automation

PYMNTS

DECEMBER 29, 2016

The new frontier features bot-driven artificial intelligence with IBM’s Watson.”. Staples is also using IBM’s Watson in conjunction with its own internal personalization APIs to be able to assess buyers’ habits over time and to predict their order preferences and quantiles.

B2B

PYMNTS

AUGUST 19, 2019

Chipotle attributed the April attack to credential stuffing, in which a hacker uses a bot to automatically enter usernames and passwords stolen from other websites to try to find matches. Chipotle has been using artificial intelligence (AI) and machine learning (ML) for risk assessment with human assistance when necessary.

Account Takeovers

Nanonets

SEPTEMBER 27, 2024

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. These include customer applications, financial records, medical reports, and external risk assessments such as geographic or weather-related data.

Underwriting

PYMNTS

JULY 13, 2020

A popular brute force method used to accomplish this is credential cracking , which involves fraudsters using bots to automatically plug potential usernames and passwords into login screens in the hopes of stumbling across the correct credentials.

Credential

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. It involves the deployment of software bots to automate repetitive and rule-based tasks, such as data entry and report generation.

Audit

PYMNTS

MARCH 17, 2020

Called Kount Control, it is an “adaptive protection solution” that will evaluate user behavior and device activity to try and assess when activity on a platform is suspicious and could be a takeover attempt, according to an emailed company statement.

Account Takeovers

Nanonets

AUGUST 20, 2023

Understanding Robotic Process Automation Robotic Process Automation, or RPA, is a technology that uses software robots, or bots, to automate repetitive tasks and processes. These bots mimic human actions by interacting with various systems and applications, such as data entry, screen scraping, and decision-making.

Bots

Seon

MAY 28, 2024

Focusing on combating key issues like bonus abuse, multi-accounting, bot activity and affiliate fraud, we’ll examine the attack vectors that can diminish trust and financial stability if they are not addressed efficiently. Can You Spot the Bot?

Security

Fintech News

APRIL 28, 2024

Key features of the solution include advanced AI match assessment with explainability, solution-agnostic integration, and readiness for deployment without the need for extensive training data. Day 1 of Money20/20 Asia 2024 showcased a series of insightful sessions and discussions.

Payment APIs and Integration

Nanonets

AUGUST 8, 2023

Customer service: Bots can be used for contact center automation. Functionality: Assess the software’s functionality and ensure it aligns with your needs. This will give you a firsthand experience of the software's capabilities and help you assess whether it meets your specific needs.

Automation

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation

Trade Credit & Liquidity Management

APRIL 29, 2025

X Bot : Verifies if images on X/Twitter are real or AI-generated; Discord Bot : Verifies if images are real or AI-generated via its Discord Integration; AI or Not Game : Fun Telegram bot that tests your ability to distinguish between AI-generated and human-created images.

Deepfake

Nanonets

JUNE 5, 2023

RPA operates on well-defined rules that are predetermined by developers who program the software bots to replicate human actions within a given system or application. The bots operate around the clock with minimal supervision, ensuring maximum productivity at all times.

Automation

FICO

NOVEMBER 2, 2021

Top-performing digital collections technology should easily co-ordinate a full range of omnichannel customer contact channels, including social media, text, mobile apps, chat-bots and automated telephone calls. This is one of the fundamentals of digital-first collections.

Returns

PYMNTS

AUGUST 7, 2019

“Market participants are required to provide the Bank of Lithuania with certain information on their activities and finances in order to assess their financial position and determine whether they are able to provide services and adequately protect customer funds,” Valvonis continued.

Central Bank

PYMNTS

AUGUST 19, 2019

Artificial intelligence (AI) and machine learning play key roles in assessing risky transactions, as they can analyze thousands of transactions in a fraction of the time it takes a human analyst. As a retailer, you can say there’s no practical purpose why a customer would be trying to log on to your network using a bot.

Bots

CB Insights

APRIL 25, 2018

Buoy Health provides a chat bot to help patients assess the severity of their condition and guide them to the right place in the health system. The company uses telehealth to scale these services. Select investors: Canaan Partners, GE Ventures, Kaiser Permanente Ventures. Total disclosed funding : $23M. Buoy Health.

Bots

PYMNTS

AUGUST 20, 2018

Automation, bots, blockchain — the deluge of technologies flooding the enterprise today can be overwhelming. The firm surveyed 270 IT decision-makers in Canada to assess how organizations are bolstering their technology investments with new hires.

Blockchain

FICO

AUGUST 4, 2021

By using bots to create digital art and ascribing them to a fake identity that hides behind a nickname, you can achieve nearly peak anonymity. Their assessment of common issues in AML compliance amongst virtual asset service providers (see page 19/20 of the report) is damning.

NFTs

Nanonets

SEPTEMBER 21, 2023

Businesses should assess their current processes to identify areas for improvement and select the right tools that align with their specific needs.  Proper assessment, tool selection, integration, training, and  continuous improvement  efforts are key to successful implementation of finance automation.

Automation

PYMNTS

MARCH 31, 2017

Owl Cybersecurity utilizes bots to anonymously and continuously collect information from the dark net, which is then indexed and stored in a database. Before creating its database of DARKINT — actionable data from the dark net – Owl Cybersecurity’s core business was performing assessments and penetration testing for companies.

Database

PYMNTS

OCTOBER 1, 2019

AI and ML play key roles in assessing risk, as they can analyze thousands of transactions in a fraction of the time that it takes a human analyst. In an interview with PYMNTS , Chipotle CTO Curt Garner explained how account takeovers primarily occur through automated bot attacks that have an identifiable signature.

Data Breach

The Fintech Times

MARCH 31, 2024

Allianz Partners has got two AI bots working on travel claims. Florence, the second bot picks up some of the routine administration that can slow down claims – for example it automatically chases customers to provide documents that they’ve promised to get to us.

Risk

Stax

MARCH 4, 2024

Identifying and Mitigating Payment Security Threats Phishing scams, social engineering, bot attacks—these are just a few of the most pressing cybersecurity threats that can be so devastating they have real-time effects. SET protocols use digital certificates that protect online credit card transactions.

PCI DSS

PYMNTS

APRIL 22, 2020

There has been greater interest among FIs for tools that can provide the same level of service and satisfaction regardless of channel, with 88 percent of banks’ fraud executives stating that key use cases for risk assessment tools are ones that improve onboarding experiences.

Security

PYMNTS

OCTOBER 8, 2019

AI and machine learning to play key roles in assessing risky transactions, as they can analyze thousands of transactions in a fraction of the time it takes a human analyst. When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature,” Garner explained.

Bots

FICO

JUNE 20, 2019

The ‘want it now’ culture of today’s consumer means that the technologies we all love to use for their convenience make it easier for fraudsters to do what they do, e.g., bots designed to test login credentials or to generate customer orders using stolen or synthetic identities. An increasing amount of data breaches across all industries.

Account Takeovers

FICO

MARCH 6, 2020

The individual business risk assessment plays an important role and lays the foundation for any institution’s AML/ CTF program, including the IT-based monitoring strategy and software settings. Our KYC solution supports real-time customer risk classification including UBO and PEP identification.

Financial Crimes

Nanonets

MAY 31, 2023

Deviations should be assessed to see if they fall within tolerance limits to proceed with invoice processing or revert the invoice to the vendor for corrections. The software allows users to create ‘bots’ that mimic human actions. Identifying and reconciling deviations can be a daunting task for the AP department.

Automation