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Atome Taps Ant Group’s OceanBase to Power Its Database Modernisation

Fintech News

Atome, a buy-now-pay-later provider, has partnered with OceanBase , a distributed relational database developed by Ant Group, to upgrade its database infrastructure. The move aims to improve performance, scalability, and security as Atome expands its digital financial services.

Database 106
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What to Know About Tokenization

Basis Theory

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. Soon we may see standards for tokenization in everyday use.

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Encryption vs. Tokenization for Banking and Payment Professionals

Fi911

Data protection is a top priority in banking and payment systems, where sensitive information such as cardholder details and personal data are frequently exchanged. The rapid rise in cybercrime and data breaches makes robust security frameworks indispensable for financial institutions. databases).

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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

This involves analyzing transaction patterns and cross-referencing merchant data against global sanctions lists or politically exposed persons (PEPs) databases. Keep in mind: Modern underwriting increasingly leverages technology to streamline processes and improve accuracy. Reducing potential losses from high-risk merchants.

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Banking on Intelligence: The Global Sprint to AI Maturity in Finance

Finextra

A PYMNTS report in 2024 found 72% of finance leaders at banks say their departments utilize AI technologies in some form. institutions given their scale and technological leadership. Morgan Stanley rolled out a GPT-4 powered assistant for its financial advisors (to query internal research databases).

AI 69
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Top 9 Amazon Textract alternatives for data extraction

Nanonets

Automated data validation and error checking 3. Database matching for data verification 7. Docparser Docparser template-based extraction Docparser offers a rule-based approach using zonal OCR technology. AI-based data capture and extraction 3. Automated data extraction using OCR and ICR 4.

Volume 52
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Frollo launches Open Banking portal for mortgage brokers

The Paypers

Company officials said the new platform offers brokers a choice to adopt Open Banking as a safer and more efficient means of accessing client data. They added that traditional data-sharing methods are becoming less viable due to increasing industry focus on data security.