Fintech News

MAY 29, 2025

These bots enable real-time, personalised responses to customer policy questions across both simple and complex inquiries. In terms of prediction, bolttech is using AI to enhance risk assessment and offer personalised insurance products, including real-time adjusted premiums based on driving behaviour for auto insurance.

AI

Finextra

JULY 7, 2025

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.

AI

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

Finovate

SEPTEMBER 23, 2024

Agentic AI customer service bots will also be proactive, and will be able to anticipate customer needs based on real-time data and past behaviors. This offers financial institutions an effective way to reduce fraud risks and improve compliance with regulatory requirements.

AI

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. “AI is only useful when it works in tandem with human intelligence.

Risk

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

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