article thumbnail

Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024

Fintech News

The mBridge project, initially supported by the Bank for International Settlements (BIS), continues to focus on using distributed ledger technology for efficient cross-border settlements, despite BIS “graduating out” of the four-year initiative.

article thumbnail

Litepips Unveils AI-Powered Gold Trading Bot with 24/7 Market Vigilance

Fintech Review

Litepips utilizes continuous AI-driven analysis to identify optimal entry and exit points on the H1 timeframe, ensuring traders remain ahead of market fluctuations. The 24/7 market vigilance of the trading bot eliminates the risk of missed opportunities due to time zones or trading fatigue.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Which Fintech Sub-sectors Will Have the Biggest Impact on People’s Financial Well-being in 2025?

The Fintech Times

Briana Marbury , CEO at the Interledger Foundation , the nonprofit grantmaking foundation, explores how in 2025, this challenge will continue to be tackled with banks making new partnerships with paytechs. By automating traditionally manual processes, banks can lend to more borrowers, especially small businesses and underserved communities.

article thumbnail

AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

Traditional areas like fraud prevention (65%), credit underwriting (62%) and regulatory compliance (58%) are still heavily prioritized, reflecting that these were some of the first uses of AI in banking and continue to be critical for reducing losses. Impact: Thanks to AI, Visa reports it prevented over $350 million in fraud attempts in 2024.

AI
article thumbnail

The End of Average: AI Is Rewriting the Rules of Digital Banking CX

Finextra

The result was a continued climb in digital banking usage across markets. First, they act as 24/7 guides: an AI bot can understand a customer’s query in natural language and either provide the answer or walk the user through the steps to complete a task. This effectively turned customer service into a continuous, two-way dialogue.

AI
article thumbnail

AI x Payments: From Fraud Detection to Hyperpersonalised Checkout

Finextra

AI enables real-time defence by continuously learning from behavioural patterns, device signals, geolocation, and transaction metadata. Behavioural biometrics distinguish real users from bots or synthetic identities. It spots anomalies before a threat becomes a breach. Predictive analytics identify emerging fraud patterns.

article thumbnail

The growing threat of AI-enabled fraud

Neopay

A 2024 report by Kasada found that 87% of executives in financial institutions are concerned about bot attacks and AI-driven fraud, yet three-quarters of organisations lack the expertise, resources, and budget to effectively tackle these threats. This suggests that many companies are unprepared to face the evolving AI-enabled fraud landscape.

AI