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Banks turned to a powerful ally: artificial intelligence. AI didn’t just automate services—it began shaping intimate, context-aware journeys that feel less like banking and more like a personal concierge for your financial life. Banks around the world rolled out AI-powered personalization features in 2024. The result?
The platform included tools for setting spending limits, collecting receipts via SMS/email, and providing managers a unified dashboard of company spend. The software automatically flags anomalies or redundant spending (for example, duplicate subscriptions or opportunities to downgrade plans).
Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. I Two-factor authentication for bank account changes via the vendor portal further fortifies protection against scams. Fraud detection and duplicate payment alerts. Sources: [link] 6.
Starter ($49/user/month or $199/month for 5+ users): Processes up to 30 invoices/month - Includes vendor management, standard ERP sync, payment via bank transfer or credit card - Supports up to 10 users 2. Focusing on mid-market companies, Airbase aims to provide a comprehensive platform for managing all non-payroll spending.
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