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My Thoughts on the Dopamine Rush of Money20/20

Finovate

Money20/20 even featured its own AI bot named Aiana who interacted with the MC on one particular stage. At times, Aiana’s conversation with the MC seemed to be quite coherent and relevant, but the bot occasionally missed the mark. Payments Payments was a huge focus for multiple on-stage discussions at the show.

AI
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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. In late 2024, it rolled out a feature for customers to send Pix payments using voice, text or even images through WhatsApp, with AI handling the interpretation and execution.

AI
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When Instant Payments Are Just Payments

PYMNTS

Rarely do consumers and businesses agree on anything as much as they have on instant. Now, legacy FIs and a host of other players are scrambling to get a piece of the instant money action. Inspecting the “up-and-to-the-right” growth curve of instant payments , it’s no shock how many players want in. Making Money Fast.

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Laos and Brunei Joins ASEAN’s Initiative for Real-Time Cross Border Payments

Fintech News

Faster and cheaper financial transactions as well as a secure and seamless payment system infrastructure will support the expansion and sustainability of our economy. Starting from 3 April 2024, Laotian users can employ mobile banking applications of participating banks to scan Thai PromptPay QR codes in Thailand.

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5 Key Drivers Behind Thailand’s Fintech Growth

Fintech News

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.

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Amex Sizzles, Big Banks Fizzle And Indian eCommerce Lives Up To Its Sizzling Hype

PYMNTS

Bloomberg said a few weeks ago that apps were out and bots were in. Google’s Allo and Amazon’s Alexa, in particular, are two such players that seem to understand that consumers may not want to have to “log into” their messaging app and then interact with dopey bots that are as smart as the web circa 1997. Virtual Personal Assistants.

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Financial Crime: Technology can Transform Compliance

FICO

Banks will leverage their vast amounts of data more intelligently and increasingly deploy AI driven chat bots, virtual assistants and other digital services and apps to better engage with their customers, personalize the user experience and monetize it – like Amazon does today already.