Nanonets

JULY 22, 2025

They don’t inherently know which parts of a document are important or correspond to which field labels (unless trained or prompted in a very specific way). Once this is in place, new use cases can plug into existing data streams without reinventing the wheel.

Automation 52

Automation Bots AI Tax Refunds 52

Nanonets

OCTOBER 27, 2024

Below are some basic commands and common use cases: You can ask factual or general knowledge questions and receive instant responses. Powered by real-time data as of 22/10/2024, this LLM Leaderboard highlights key insights into use cases and performance. ” The number 1524 corresponds to the word BYTE.

Laws 52

Laws Returns Crime Legal 52

The Fintech Times

JUNE 19, 2025

This has led insurers to re-think the decisions to use the models in mission-critical applications like pricing or claims automation. The Gen-AI in customer service or written correspondence is fine, but using advanced models in the applications that drive profit is starting to worry insurers, and regulators!

AI 51

AI Risk Consulting Underwriting 51

PYMNTS

MAY 23, 2017

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices.

Use Case 40

Use Case Digital Currency Correspondent Bank International Payments 40

Fintech News

AUGUST 12, 2024

BS2 also serves as Nium’s Brazilian Real (BRL) Correspondent Bank, assisting in real-time payment settlements for cross-border Pix transfers. BS2 is leveraging Nium’s Global FX product to reduce costs and enable real-time payouts between Brazil and key trading partners like China and the UAE.

Cross-Border 111

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 111

Payments Source

FEBRUARY 8, 2018

Cross-border transactions are getting smaller in size and more frequent, rendering the correspondent banking model increasingly obsolete as new use cases pile up.

Cross-Border 62

Cross-Border Correspondent Bank Correspondent Use Case 62

PYMNTS

MARCH 7, 2019

Corporate payments are still not a guaranteed use case for cryptocurrencies. One of the most promising use cases, he said, is in the friction companies experience moving money within the organization itself — that is, making payments to subsidiaries or business units, particularly when those entities exist across borders.

B2B 67

B2B Cross-Border Cross-Border Payments Correspondent Bank 67

Fintech Finance

JUNE 5, 2024

From the word go, it was able to support all of our use cases, including providing GBP and EUR payout coverage for our clients sending payments into the UK and European Union. A host of new currencies are scheduled to be switched on for Ripple customers later this year.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Multi-Currency Correspondent Bank 98

PYMNTS

DECEMBER 15, 2020

In a PYMNTS interview this month, Visa Global Head of New Payment Flows at Visa Business Solutions Alan Koenigsberg discussed the need for existing payment rails to innovate and adapt to new use cases. When we think about rails, we think about them as a means to an endpoint," he said. Bank Of America Wields SWIFT gpi.

Innovation 94

Innovation Cross-Border Payments Cross-Border Real Time Payments 94

PYMNTS

FEBRUARY 26, 2020

These infrastructures and processes form the backbone of the global correspondent banking model. Abrupt and sudden changes are not only hard to implement at the institutional level, but also bring risk because your correspondents must also be ready for the change.

ISO 20022 104

ISO 20022 ISOs SWIFT Cross-Border Payments 104

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

PYMNTS

NOVEMBER 21, 2018

Working with HSBC , the authorities assessed contributions and feedback from corporates and commercial banks to discuss current pain points, potential future capabilities and various use cases of global payments and settlements. percent decline in the number of correspondent banking relationships in 2017 compared to the year before.

Authorization 49

Authorization Cross-Border Payments Correspondent Bank Cross-Border 49

Faster Payments Council

MARCH 15, 2023

Speakers: Elizabeth McQuerry, Glenbrook Partners; Mike Sklow, Goldman Sachs; Samson Rajan; JP Morgan; Miriam Sheril, Form3 1:30pm-2:10pmCT: Panel Session – Business End-Users Mega Use Cases (City Beautiful Ballroom AB) As more capabilities become available for faster payments, business end users are finding creative ways to use the services.

FPC 88

FPC ISO 20022 Federal Reserve Cross-Border Payments 88

Fintech Finance

AUGUST 12, 2024

“Latin America has established itself as a frontrunner in numerous cross-border use cases, particularly in global marketplaces where its e-commerce economy thrives in supplier corridors with Asia and Europe,” said Prajit Nanu, Founder and CEO of Nium. Nium has been present in the region dating back to 2017.

Real Time Payments 98

Real Time Payments Cross-Border Payments Cross-Border Central Bank 98

Wharton Fintech

OCTOBER 12, 2023

It’s still spreadsheets, it’s still emails with dozens of investors and difficult to track correspondence. I would say the number one thing that we’re seeing is just probably an increasing number of use cases and how debt is used by companies today. I think, even 10–15 years ago, venture debt was maybe not quite a thing.

Agreements 130

Agreements Use Case Rules FinTech 130

PYMNTS

APRIL 3, 2019

Indeed, B2B cross-border payments , traditionally characterized by fragmentation and opacity, are a potential use case for the successful implementation of DLT,” said the authors in their post. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change.

Cross-Border Payments 92

Cross-Border Payments Cross-Border Blockchain Distributed Ledger Technology (DLT) 92

PYMNTS

NOVEMBER 10, 2020

In the meantime, as central banks look toward a rough timeframe of 2025 to get up and running with digital fiat, McCarthy said that over the short term we’ll see more practical use cases leveraging cryptocurrencies — especially in the business-to-business space. It’s a space, he said, that’s ripe for disruption.

Cryptocurrency 129

Cryptocurrency Blockchain Bitcoin Online and Mobile Banking 129

PYMNTS

JANUARY 18, 2019

” EDI is a mechanism that allows companies to exchange data electronically, to replace manual communication channels like fax or paper correspondence. However, it isn’t just the use case of buyer-supplier collaboration and communication in which electronic data is now a must.

B2B 78

B2B Blockchain B2C Use Case 78

The Fintech Times

AUGUST 13, 2024

Prajit Nanu , founder and CEO of Nium “Latin America has established itself as a frontrunner in numerous cross-border use cases, particularly in global marketplaces where its e-commerce economy thrives in supplier corridors with Asia and Europe,” explained Prajit Nanu , founder and CEO of Nium.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Real Time Payments Correspondent Bank 69

PYMNTS

JULY 26, 2019

With correspondent banking relationships on the decline, financial institutions are looking for new — and faster — ways of moving money around the world, too. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely. This, of course, means faster global payments.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Innovation Correspondent Bank 64

PYMNTS

DECEMBER 23, 2019

However, those principles — reach, trust and operating scale — are now key requirements for payment senders, recipients and facilitators in use cases well beyond P2P. Emerging And Unexpected Use Cases. “This is a very flexible platform in terms of use cases,” he said. The Network Opportunity.

Use Case 41

Use Case Cross-Border Cross-Border Payments P2P 41

PYMNTS

OCTOBER 28, 2019

Account information service providers will have improved account visibility, and payment initiation service providers will be able to integrate with Western Union ’s payment network and correspondent banks. The expanded APIs align with the European open banking and PSD2 requirements that became effective in September.

International Payments 51

International Payments API Payment APIs and Integration Cross-Border 51

PYMNTS

APRIL 1, 2019

Indeed, B2B cross-border payments, traditionally characterized by fragmentation and opacity, are a potential use case for the successful implementation of DLT,” said the authors in their post. As a result, DLT can lower costs, and boost transparency, in part by eliminating the need for a correspondent banking relationship.

Cross-Border 61

Cross-Border Distributed Ledger Technology (DLT) Cross-Border Payments Transactions 61

PYMNTS

SEPTEMBER 11, 2019

Corda was designed specifically for enterprise use cases such as this, and we look forward to supporting Mastercard in bringing blockchain-enabled payments businesses across the globe.”. Rutter, CEO of R3. Cross-border payments can be a particular pain point.

Cross-Border Payments 51

Cross-Border Payments Cross-Border Visa Blockchain 51

Nanonets

JULY 14, 2023

You can also schedule a demo to learn more about our AP use cases! Information Extraction - once the Process of OCR is complete it’s important to identify which piece of text corresponds to which extracted field. This template is unique to each use case, organisation and mostly for each different kind of invoice.

Automation 98

Automation Process Payment APIs and Integration Database 98

Fintech Finance

JUNE 7, 2024

It provides a robust method for ensuring that payment details and account names correspond precisely to registered account information. Through the adoption of Moneyhub Account Verification , financial institutions can expect additional accuracy across various use cases.

Verification 52

Verification Accounts Payment APIs and Integration Online and Mobile Banking 52

PYMNTS

DECEMBER 15, 2017

The card network is hoping that’s the case, as it rolls out the first use case stemming from its recently launched global prepaid money management platform. Those physical and virtual prepaid products can be used to pay online and at stores, anywhere Mastercard is accepted.

Visa 53

Visa P2P Use Case Issuers 53

Nanonets

APRIL 4, 2023

Put simply, mailroom automation is the process of automating incoming mail (both physical and digital) and other correspondence by transforming it into structured business data that is then sent to the relevant individuals or fed into processes and systems within your organization. What is mailroom automation? G2 Score: 4.3/5

Automation 52

Automation Correspondent Process Fed 52

CB Insights

DECEMBER 19, 2017

The system could even analyze the swimmer’s movements in the water to determine whether a corresponding stroke is a “crawl stroke, sidestroke, backstroke, or butterfly stroke by comparing the recorded pattern with previously recorded training data.” A “velocity correction” module would resolve the incorrect data.

Correspondent 61

Correspondent Fed Database Use Case 61

PYMNTS

JULY 25, 2018

The move to bring blockchain beyond cryptocurrency confines — and toward more commercial use cases — continues, with far-flung projects making headlines. The firm stated that instead of relying on an IP address, the telecom will have identification (ID) layers that correspond to each address, based on blockchain.

Blockchain 43

Blockchain Distributed Ledger Technology (DLT) Cryptocurrency Use Case 43

PYMNTS

SEPTEMBER 15, 2017

From September 2016 through July of 2017, said Larimer, there have been 42 million same-day ACH credit transactions, with a corresponding total of more than $57 billion. Amid the robust use cases, NACHA is seeing three that are prevalent thus far.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

DECEMBER 18, 2019

According to reports , Accenture and TradeIX will not only support corporates’ use of blockchain to access trade finance, but explore additional use cases for the distributed ledger solution to strengthen data sharing between buyer and supplier. MUFG’s Unconfirmed Digital Currency. It’s moving slowly.”.

B2B 52

B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

Nanonets

JULY 10, 2024

This tutorial blog examines some of the use cases of key-value pair extractions, the traditional and current approaches to solving the task, and a sample implementation with code. Even in the business world, invoices use this structure: items purchased are the keys, with prices as their corresponding values.

Database 74

Database Process Use Case Correspondent 74

PYMNTS

FEBRUARY 20, 2018

“Although competition and innovations such as mobile or eBanking have made these payments more convenient, the bulk of clearing and settlement for cross-border payments still goes through traditional correspondent banks, which struggle to handle the higher-volume, lower-value retail payments,” the CPMI noted in its report.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

APRIL 11, 2016

For instance, some startups operating in the blockchain sphere are looking at how to disrupt corresponding banking, the strategy used by FIs to complete cross-border transactions. But I think what’s happening right now is that some of the initial use cases are leveraging more of the ledger aspect of [blockchain].”.

Cross-Border 40

Cross-Border Cross-Border Payments Blockchain Correspondent Bank 40

Nanonets

OCTOBER 18, 2023

Vector Store Index : Stores each Node and a corresponding embedding in a Vector Store, and queries involve fetching the top-k most similar Nodes. Keyword Table Index : Extracts keywords from each Node to build a mapping, and queries extract relevant keywords to fetch corresponding Nodes. LlamaIndex 🦙 0.8.46

API 98

API AI Database Facilitators 98

The Fintech Times

MAY 20, 2024

This system hopes to significantly improve the customer’s user experience, facilitate the creation of new use cases, and enable the development of highly innovative payment services that compete with new players in the international payments sector.

Process 49

Process International Payments Instant Payments Treasury Management 49