The Payments Association

NOVEMBER 29, 2024

Fortunately, modern SaaS-based solutions enable financial institutions to automate and scale existing dispute management systems in record time and with minimal investment. Affidavit PDF documents are created in a fully automated way. Developed years ago, legacy banking systems are ill-equipped to deal with current fraud volumes.

Disputes 88

Disputes Issuers Card Issuer Payment APIs and Integration 88

Nanonets

JANUARY 13, 2025

The distributor's order processing workflow before automation was typical of many industrial suppliers. While we could automate the entire workflow from order entry to shipping, we knew that would involve retraining the sales team and disrupting established processes. 

Automation 52

Automation Verification Payment APIs and Integration Correspondent 52

Fintech News

JULY 2, 2025

By monitoring how users interact with forms, their typing patterns and navigation behaviors, organisations can identify bots, automation and other non-human activities. This empowers teams to detect risk earlier in the customer journey, reduce false positives and automate decisions with transparency and control.

Fraud Prevention 90

Fraud Prevention Technology Checks Risk 90

PYMNTS

SEPTEMBER 23, 2020

Artificial intelligence (AI) automation firm Auditoria has announced new capabilities to help enhance financial back-office tasks, according to a press release. The application will help to provide prioritization over what work is done, with automatic logging of correspondence and a built-in tonality based on the type of client.

Automation 70

Automation Finance Correspondent Close Processes 70

PYMNTS

OCTOBER 21, 2020

Emburse , which works in expense management and accounts payable automation, has launched Emburse Global Reimbursements, intended to help pay employee expenses in a more efficient, cost-effective way. Recently, Emburse also partnered with Mastercard for a new corporate option for streamlined business expense automation.

Cross-Border 78

Cross-Border Automation Correspondent Bank Correspondent 78

Nanonets

JULY 14, 2023

Want to automate invoice processing ? Information Extraction - once the Process of OCR is complete it’s important to identify which piece of text corresponds to which extracted field. This store can save a lot of time by automating the process of invoice management.

Automation 98

Automation Process Payment APIs and Integration Database 98

Finextra

JUNE 27, 2025

Neglecting this may lead to payment failures, processing delays, higher costs, false compliance hits, and increased scrutiny from regulators and correspondent banks. Hard to read and automate, unstructured addresses lead to inconsistencies, errors, and difficulty processing payments. The benefits are far-reaching.

Addressing 90

Addressing ISO 20022 ISOs Payment APIs and Integration 90

The Finance Weekly

JANUARY 19, 2023

Here are a few reasons why: Lacks a Future-Focused Outlook: Operational finance leadership primarily focuses on the company's past and present, which can prevent it from visualizing the company's future and the corresponding uncertainties and financial risks.

Finance 245

Finance Adjustments Correspondent On-Demand 245

Nanonets

SEPTEMBER 9, 2024

when you're using OCR) Using Workflow Automation to combine the best parts of solutions 1 - 4 These solutions will differ a bit (some are more manual while some solutions are highly automated and good for scale) - you can pick what's best for your business depending on your scale of operations.

Automation 98

Automation Database API Returns 98

The Payments Association

JUNE 9, 2025

This is more than 'coding to the spec'; different and new software is required by originating institutions, correspondent banks, intermediate banks, and even regulators or central banks to realise the advantages." This supports automated processes, better treasury management, and faster decision-making.

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

The Fintech Times

JULY 1, 2025

INSHUR, a global insurance provider for the on-demand economy, has partnered with Diesta to automate payment operations and support international growth. Diesta, a London-based insurtech startup, specialises in automating premium reconciliation and distribution for the insurance industry.

FinTech 59

FinTech Payment APIs and Integration Online and Mobile Banking Contactless Payments 59

Nanonets

APRIL 3, 2024

Enter virtual bookkeeping – a paradigm-shifting approach that harnesses the power of digital tools and automation to revolutionize traditional bookkeeping practices. Advanced automation features in modern accounting software streamline data entry processes, minimizing manual effort and errors.

Automation 74

Automation Payment APIs and Integration Reconciliation Financial Analysis 74

Nanonets

APRIL 4, 2023

With the rise of digital mailroom automation technologies, companies can streamline their mail processes, increase efficiency, and reduce costs. Read this guide to learn more about how your business can leverage automated mailrooms to improve operations and boost productivity. What is mailroom automation?

Automation 52

Automation Correspondent Process Fed 52

EBizCharge

MAY 31, 2024

Cash application automation software is steadily transforming that image into a reality for businesses around the globe. What is automated cash application software? Why is cash application automation crucial for businesses? This data is crucial for businesses accurately attributing received funds to the corresponding AR.

Automation 52

Automation Remittance Data Correspondent Wire Transfer 52

Nanonets

JULY 21, 2023

Implementing Business Process Automation (BPA) can give your employees extra hours each day. No employee should have to give up their personal time because they are spending half their workday on tedious, repetitive tasks that can be automated. In large organizations, automation might take care of high-volume, low-value tasks.

Automation 52

Automation Process Audit Payroll 52

Nanonets

JULY 18, 2023

Fortunately, cutting-edge advancements in automation technology have revolutionized the accounts payable landscape, offering businesses an opportunity to streamline their workflows and achieve unprecedented levels of efficiency. Photo by Carlos Muza / Unsplash What is NetSuite Automation? What is Oracle NetSuite?

Automation 52

Automation Reconciliation Audit Correspondent 52

Nanonets

MARCH 21, 2023

How to Start Automating the Purchase Order Workflow The complete purchase order workflow listed in above section can be automated. Purchase order automation can help in this step by allowing users to create and submit purchase requests electronically, thereby reducing manual effort and eliminating the need for paper-based requests.

Automation 52

Automation Process Payment Gateways Addressing 52

FloQast

JANUARY 22, 2024

Companies that automate their financial statement preparation processes often benefit from improved accuracy, near real-time data, and increased efficiency. Fact: Companies that automate part of their financial statement preparation process reduce time-to-Close by 33% or more. What Financial Reporting Functions Can You Automate?

Automation 52

Automation Reconciliation Audit Accounts 52

PYMNTS

AUGUST 31, 2020

These architectures rely on robust built-in automation so that [the platform can adjust capacity automatically] as volumes change,” Ramón Villarreal , global architect of financial services for Red Hat, told PYMNTS. “It The first is improved speed, shown by the adoption of cloud technology from global payments network SWIFT.

Real Time Payments 135

Real Time Payments Online and Mobile Banking Correspondent Bank SWIFT 135

Nanonets

MARCH 30, 2023

Enter payment automation - a solution that has gained popularity in recent times due to the pandemic and the new competitive landscape. By automating the payment process, businesses and individuals can save time and minimize the risk of errors. What is Payment Automation? How does payment automation work?

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

NOVEMBER 9, 2023

What comes to mind when you hear "order entry automation"? While that's pretty close to what order entry automation is, there are a few nuances to consider. This is where order entry automation can help. What is order entry automation? How does order entry automation work? Let’s dive in.

Automation 59

Automation Payment APIs and Integration CRM Process 59

Fintech Finance

JUNE 26, 2024

This support for instant payments through advanced automation of reconciliations and investigations across multiple payment rails represents a significant advancement in payment exception management. The solution includes sophisticated analytics that provide insights into the root causes of failed or investigated payments.

Cross-Border Payments 98

Cross-Border Payments Reconciliation Cross-Border Instant Payments 98

Fintech News

JANUARY 30, 2024

PvP ensures that the final transfer of a payment in one currency only occurs once the corresponding transfer in another currency is completed. Commercial banks are at the forefront of this movement, developing deposit tokens that correspond to the existing deposits held by these banks.

Payments Trends 119

Payments Trends Digital Currency Distributed Ledger Technology (DLT) Cross-Border Payments 119

Nanonets

NOVEMBER 16, 2023

This is where Accounts Payable (AP) Automation emerges as a critical tool, not merely for managing payments but as a strategically in scaling your business. AP Automation involves leveraging technology to streamline, optimize, and automate the processes associated with managing a company’s accounts payables.

Automation 52

Automation Process Accounts Checks 52

Fintech Finance

JULY 12, 2024

Clients can track the progress of the resolution and get real-time status updates and even view correspondence from a beneficiary’s bank. Launched in September 2023, Open Account Automation is the first module of CashPro Supply Chain Solutions , and addresses invoice approval and payment, one of the most common processes in global trade.

Transactions 98

Transactions Correspondent Wire Wires 98

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. Inadequate pre-implementation testing : The VREQ flags effectiveness was not thoroughly tested across all systems.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Nanonets

JUNE 12, 2023

Introduction to Microsoft Power Automate Power Automate, formerly known as Microsoft Flow, is a cloud-based service offered by Microsoft to help users create and automate workflows across multiple applications and services. Its aim is to boost user productivity in business processes and automate repetitive manual tasks.

Automation 52

Automation API Returns Process 52

EBizCharge

MAY 13, 2024

Tools like AR automation can streamline these operations. This article will explore the benefits of collections automation, including how it can improve cash flow and overall efficiency for businesses. When businesses automate payment collection processes, they can significantly enhance their cash flow and overall financial health.

Automation 52

Automation Disputes Payments Process 52

Fi911

DECEMBER 19, 2023

As digital banking services grow in popularity, the unfortunate byproduct is a corresponding rise in fraud. Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection. The resounding answer is yes.

Fraud Prevention 98

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 98

PYMNTS

JUNE 10, 2020

The following Deep Dive examines how cross-border remittances are typically conducted via a correspondent banking model and details how these payments’ slow processing times and high fees are exacerbated by complex and overlapping government regulations. How Correspondent Banking Works. Obstacles To Smooth Remittances.

Correspondent Bank 63

Correspondent Bank Correspondent Process Cross-Border 63

Nanonets

NOVEMBER 16, 2023

It automates prospecting. It offers data enrichment from multiple sources, keeping CRM and marketing automation systems accurate and up-to-date. This was somewhat automated with the advent of lead enrichment APIs, but the rest of the workflow except the data retrieval part was still manual. Let's see how.

Automation 52

Automation CRM API Database 52

Nanonets

SEPTEMBER 5, 2023

Spoiler alert: They probably have, and it's called workflow automation software. Workflow automation is like having a personal assistant who never sleeps, never forgets, and never makes a mistake.    This guide will delve into the top 5 workflow automation software, explore their features and their pricing strategies.

Automation 52

Automation Process CRM Compliance 52

Nanonets

DECEMBER 10, 2023

IDP leverages cutting-edge technologies, such as artificial intelligence and machine learning, to automate the extraction, interpretation, and processing of information from diverse documents. Automation of Workflows: IDP integrates seamlessly with existing workflows, automating repetitive tasks and expediting document-centric processes.

Automation 52

Automation Compliance SWIFT Process 52

Nanonets

APRIL 16, 2023

23% of businesses had suppliers who refused to work with them again due to Accounts Payable inefficiencies Looking to automate your manual AP Processes? Book a 30-min live demo to see how Nanonets can help your team implement end-to-end AP automation. PO Matching Automation Benefits 4. Figure 4: OCR based data retrieval.

Automation 52

Automation AI Duplicate Accounts 52

The Fintech Times

AUGUST 31, 2024

. “Capital table management is another good example of a partnership opportunity where the entire capital table is automated for onboarding investors, handling their distributions, and the waterfall model at exit scenarios.

Due Diligence 118

Due Diligence Innovation Automation Correspondent 118

Nanonets

AUGUST 21, 2023

B2B payment automation involves everything from the automation of capturing and processing invoices to making payments to vendors and reconciling those payments in your books. B2B payment automation is a game-changer for businesses of all sizes. B2B payment automation is a game-changer for businesses of all sizes.

B2B 52

B2B Automation Payment APIs and Integration Payments 52

Nanonets

SEPTEMBER 12, 2023

  In sharp contrast, automated invoice processing could reduce the cost to $1.42 In addition to cost reductions, automation can help mitigate fraud risks and provide increased visibility into cash flow trends.  This automation can improve the speed and accuracy of invoice processing and simplify compliance.

Automation 52

Automation Process Audit Compliance 52