Remove Bots Remove Innovation Remove Ubiquitous
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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

This helps banks stop bot-driven card testing (in which fraudsters rapidly guess card details) before fraud occurs. This outpaces adoption in sectors such as manufacturing or healthcare, where AI use is growing but is not as ubiquitous. Impact: Thanks to AI, Visa reports it prevented over $350 million in fraud attempts in 2024.

AI 114
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Deep Dive: How FIs Can Keep Their Digital-First Innovations Secure

PYMNTS

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. Bot activity is the third major threat banks faced in 2020.

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5 Key Drivers Behind Thailand’s Fintech Growth

Fintech News

Digital banking is on the horizon, with the first digital banking licenses slated to be issued by mid-2025 and expected to bring about enhanced customer experiences, heightened competition and increased innovation. Interested applicants will be able to submit their application to the BOT from March 20, 2024 to September 19, 2024.

FinTech 120
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Is No-Factor Authentication Digital Security’s Future?

PYMNTS

And there is no technological innovation coming down the pipeline that will put that information back in the box. For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. Theoretically – but not actually.

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Visa’s Hackathon Winner, Hermyz, Takes B2B Payments Inspiration From Slack

PYMNTS

Visa’s latest fuel to the B2B payments innovation fire came in the form of its inaugural Small Business Hackathon earlier this year. So we decided to build a bot that enables business owners to track and pay their invoices with very simple Slack commands. What are some of the details behind Hermyz’s “bot” technology?

B2B 46
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When Instant Payments Are Just Payments

PYMNTS

FinTechs led this charge and fueled much of the innovation. And as promising as things are in the early stages, there’s work to be done before instant becomes ubiquitous. As instant becomes ubiquitous, FIs will have to say goodbye to some sacred cows of banking. Making Money Fast. Risk vs. Reward. Float’ Drifts Away.

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What is document processing?

Nanonets

Documents are ubiquitous in business and serve as the foundation for data, information, and knowledge. By reducing the time and resources spent on manual processing, businesses can allocate these resources towards more strategic activities that drive growth and innovation. How does document processing work?

Process 98