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bolttech Partners with AWS to Deploy Generative AI Across Operations

Fintech News

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. The tool has reduced documentation time by over 50% and accelerated onboarding by analysing large codebases in minutes.

AI
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Medical record automation: How a leading underwriting provider transformed their document review process

Nanonets

As healthcare digitization has surged from 10% in 2010 to 96% in 2023 , these firms now face overwhelming volumes of complex medical documents. Medical experts were spending more time sorting through documents instead of analyzing medical histories, creating a growing backlog and rising costs.   This is a story of how they did it.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

Artificial intelligence (AI) is also gaining traction, particularly for risk assessment and operational efficiency. Malaysia has also made strides, publishing in 2019 a policy document titled Publishing Open Data using open API.

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Beyond KYC: How Technology is Transforming the Fraud Prevention Game

Fintech News

Built around documentation verification and static data checks, these processes are essential for regulatory compliance. Criminals have become adept at forging documents, acquiring stolen credentials and creating synthetic identities that can easily pass basic KYC checks.

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

Stax

Key steps include application review, risk assessment, credit checks, and compliance verification. Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. Learn More What is Merchant Account Underwriting?

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Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

EMIs must strengthen their risk frameworks, advocate for more nuanced regulation, and prepare for heightened scrutiny to avoid blanket penalties and operational disruption. Arguably, though, what really matters is the robustness of controls put in place to mitigate those risks.