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Can Agentic AI in Fintech Transform Financial Services Through Autonomous Intelligence?

Fintech News

In fintech, Agentic AI could enhance fraud prevention, risk management, trading, and customer engagement by autonomously analysing financial data, detecting anomalies, and executing decisions in real time. These systems continuously learn from interactions, optimise their performance, and proactively solve problems in various domains.

AI
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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

For example, among banks that have implemented GenAI, 88% have seen improvements in risk management and compliance, and 85% report time/cost savings. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions. These are significant positive outcomes.

AI
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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

Open finance extends beyond payments, empowering individuals and businesses with holistic financial management tools and personalised services. Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels.

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Future of Loan Management Systems: Predictions for the Next Decade, 2025-2035

M2P Fintech

Big data analytics transforms loan management, guiding strategic planning. Predictive analytics forecasts borrower behavior and market trends, enabling proactive risk management. For example, more accurate credit assessments lead to reduced default rates. AI, ML, and blockchain enhance risk assessment and security.

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Trade Ledger Partners With Wiserfunding For Commercial Risk Assessments

PYMNTS

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

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10 Upcoming Fintech Webinars to Attend

Fintech News

Register Here AI in Finance: Risk Management Challenges and Opportunities May 28 2024, 18:00 CEST The financial landscape is undergoing rapid transformation, with AI playing a central role. The webinar aims to delve into the significant influence of AI on the financial sector, particularly in risk management.

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How the Unified Lending Interface (ULI) is Transforming Lending in India?

M2P Fintech

They will integrate seamlessly with ULI through standardized APIs, enhancing risk management by leveraging comprehensive borrower data. This integration will help reduce operational costs, making credit more accessible to underserved populations and aligning with ULI’s goal of financial inclusion.