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

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

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

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

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

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

FICO

MARCH 6, 2020

Our Anti-Financial Crime solutions suite consistently follows the risk-based approach according to FATF and supports the compliance process with integrated modules. Our KYC solution supports real-time customer risk classification including UBO and PEP identification.

Financial Crimes

FICO

JANUARY 10, 2023

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. The Rise of the Bots. We heard how some customers had found that bots were being used to gain data, for example attempts to make a payment to a charity website were in fact criminals testing card details to uncover the right 3 digits for the CVV.

Scams

Nanonets

MAY 10, 2023

1999) Also, the bot warned us that these are only some examples and the list is not exhaustive. Nevertheless, it was interesting to learn, for example, about Algorithmic Justice, a field of research about the possibility of applying algorithms to criminal justice (risk assessment tools). #5. Polarad Electronics Corp.

Legal

Fintech Labs Insights

AUGUST 16, 2016

Exeria’s Algorithmic Robot Platform uses drag-and-drop bot building and automatic visualization to simplify investing for both B2C and B2B applications. Envestnet Yodlee offers a new, quick-start registration and API solution to make the registration and development process easy for engineers, developers and business entrepreneurs.

Payment APIs and Integration

Fintech Review

FEBRUARY 23, 2025

VerifyVASP, AML Bot, and CryptoForensic contributed critical compliance and risk assessment solutions, enhancing the overall security response. Chainalysis, Elliptic, TRM, Goplus, SEAL 911, and ZachXBT swiftly tagged exploit-related addresses on-chain, restricting the attackers ability to launder stolen assets.

API