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Tag: artificial intelligence


Capital and Risk, Insurance

Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey

January 18, 2024

Via: Insurance Journal

Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in […]


Activity, Corporate Banking

Mexican SME payments platform Kapital raises $40m Series B

December 18, 2023

Via: FinTech Futures

The round was led by Tribe Capital, with participants including Cervin Ventures, Tru Arrow, MS&AD Ventures and Alumni Ventures, among others. Founded in 2021 and based in Mexico City, Kapital offers a financial automation platform and credit, billing, payroll and […]


Channels

Evolving Trends in Mobile Banking: Shaping the Future of Financial Technology

November 21, 2023

Via: TechBullion

In the dynamic landscape of financial technology, mobile banking has emerged as a transformative force, revolutionizing the way individuals manage their finances. The evolution of mobile banking is a testament to the relentless pursuit of convenience and efficiency in the […]


Capital and Risk, Operational

What bank, fintech execs are saying about AI

October 30, 2023

Via: Banking Dive

President Joe Biden is expected to sign an executive order on Monday aimed at regulating the development of artificial intelligence. The landmark order sets “new standards for AI safety and security, protects Americans’ privacy, advances equity and civil rights, stands […]


Capital and Risk, Operational

AI-driven financial services must also champion fraud prevention, FCA warns

July 13, 2023

Via: FinTech Futures

This was the primary narrative of a speech given by Nikhil Rathi, the regulator’s chief executive, at the Economist Impact event in London this week. Rathi’s speech centred around the growing impact of AI within the financial services industry, including […]


Capital and Risk, Trading

Revolutionizing Crypto Trading: Synthetic Intelligence Takes Center Stage

May 23, 2023

Via: TechBullion

Crypto liquidity platform Xaindex, which is dedicated to the research and application of various neural networks and artificial intelligence algorithms in high-frequency trading and investments, has launched. The platform plans to work in various regions of the world, without any […]


Capital and Risk, Operational

ChatGPT and generative AI — what does banking have to do with it?

March 7, 2023

Via: FinTech Futures

Ready or not, the genie is out of the bottle and there is no going back. From digital art and journalism to gaming and marketing tech, every industry is being disrupted. Open AI’s ChatGPT, in particular, stole the limelight after […]


Capital and Risk, Operational

How Bankers Can Take Advantage of AI

February 22, 2023

Via: Bank Director

Among the biggest stories in tech remains the astonishing advancement in artificial intelligence, or AI, over the past several months. While AI has been evolving for a very long time, its latest iterations and implementations have reshaped how people think […]


News

How AI Can Improve Your Finance Department’s Workflow 

February 20, 2023

Via: Spiceworks

Digital finance teams know the best way to increase efficiency and produce high-quality information is with AI-powered systems. Chen Amit, the co-founder and CEO of Tipalti, shares the top four benefits of incorporating fintech and automation into the finance function. […]


Activity, Capital and Risk, Operational, Retail Banking

Building a future-ready bank

January 25, 2023

Via: FinTech Futures

Will it be tokenisation? The metaverse? A new revolutionary payment mechanism? Or something else more abstract? The opportunities are endless… but one concept dominates the retail banking world and continues to be discussed year in year out: how can banks […]


Capital and Risk, Operational

Wells Fargo launches digital business banking platform Vantage

December 6, 2022

Via: FinTech Futures

Named Vantage, the new offering leverages artificial intelligence and machine learning (AI/ML) to deliver personalised corporate and commercial financial services for businesses based on their specific needs. The platform uses AI to provide financial recommendations and next steps, Wells Fargo […]


Capital and Risk, Operational

4 Keys Banks Need to Unlock Value From Artificial Intelligence

November 15, 2022

Via: Bank Director

Banks of all sizes are tuning up their technology to better compete for customer loyalty by focusing on areas involving consumer interactions. But bank leaders need to understand that artificial intelligence, or AI, alone can’t revolutionize the customer experience. In […]


Channels

The Future of Banking in the Metaverse

May 19, 2022

Via: Bank Director

From Nike’s acquisition of RTFKT to Meta Platform’s Chairman and CEO Mark Zuckerberg playing virtual pingpong, the metaverse has evolved from a buzzword into a way of doing business. The metaverse could become a “river of entertainment in which the […]


Capital and Risk, Operational

Finding illicit financial transactions by ignoring them

February 9, 2022

Via: FinTech Futures

While analysing past behaviour might be successful in catching certain serial offenders, criminals that want to launder money anticipate this way of working and typically will not stick to a pattern. Still, anti-money laundering (AML) and fraud systems are designed […]


Capital and Risk, Operational

Sberbank deputy chair: “We’re the number one target for hackers around the globe”

September 20, 2021

Via: FinTech Futures

Research by Accenture predicts that between 2019 and 2023, the banking sector is at risk of losing $347 billion as a result of direct and indirect cyberattacks. The issue has further been exacerbated by the COVID-19 pandemic. Bank of America’s […]


Capital and Risk, Operational

How identity fraud is costing fintechs millions each year

September 15, 2021

Via: FinTech Futures

While this sounds great on the surface – who doesn’t want access to more sophisticated knowledge, after all? – it presents serious challenges as well. One of these challenges comes in the form of identity verification. Public access to media […]


Capital and Risk, Channels, Trading

Blockchain’s potential to change the face of trade finance

August 31, 2021

Via: FinTech Futures

Recent challenges across the industry, such as the Suez Canal crisis and disruption to the supply chain at the height of the pandemic, have made the case for change stronger than ever. There’s an obvious need for universally adopted, digital […]


Activity, Capital and Risk, Operational, Retail Banking

Reimagining customer experience in financial services

August 17, 2021

Via: FinTech Futures

Many financial institutes are hundreds of years old, and with that comes legacy systems and ingrained cultures that aren’t easy to change. Yet, as customer expectations shifted, banks and financial services companies had to totally rethink how they serve customers […]


Capital and Risk, Operational

Fintechs will be at the heart of the next wave of security wars

July 27, 2021

Via: FinTech Futures

Today, UK fintechs make up 10% of global market share, are collectively worth more than £11 billion in annual revenue, and earned more investment than the next five biggest European countries combined. Seeking to capitalise on this staggering growth, the […]


Channels

How COVID-19 has accelerated the use of digital banking solutions in Africa

July 20, 2021

Via: FinTech Futures

Distinct patterns and relationships have emerged in Africa and will continue to shift – across organisations, businesses, regulators, consumers and society. Green shoots have already presented themselves, and the future players have not only capitalised on this but have already […]