This white paper examines key artificial intelligence (AI) use cases in financial services and explores the challenges of AI implementation.

Over the last few years, the financial services industry has been working to integrate both predictive and generative AI into their business practices. Early adopters of AI re already beginning to make topline contributions and stand out from their competitors in the industry.

Building on their previous collaboration, Mastercard and Checkout.com will join forces to facilitate seamless disbursements and payouts for individuals and businesses in the UAE. 

Signicat, Europe’s leading provider of digital identity and fraud prevention solutions, has announced a strategic partnership with AML automation specialist Strise. Together, they are launching an integrated solution for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. This collaboration aims to simplify regulatory processes, enabling businesses to meet complex compliance requirements with efficiency and ease, from onboarding to ongoing compliance. 

Data complexity is hitting asset management and capital market firms hard, new research from AutoRek has found. The study shows that four-in-five (79%) respondents said their reconciliation processes struggle to handle their current data volume, or would struggle if their volumes were to increase.

Cytora, the leading digital risk processing platform, and Confianza, a cutting-edge insurtech that is fast-tracking targeted risk selection and loss ratio improvements, today announced a strategic partnership designed to enhance commercial insurance workflows and improve underwriting efficiency.

CorServ, a company that empowers banks and fintechs with payment programs, has launched a cutting-edge user interface designed to elevate the digital banking experience for client banks, brands and their credit card customers.

Wyzia, the pioneering Canadian online payment solutions provider for regulated markets, is celebrating the renewal of its highly successful ongoing partnership with Betty, Ontario’s premier online slots casino.

PayPal Holdings, Inc. and J.P. Morgan Payments today announced the expansion of their strategic relationship. J.P. Morgan Payments plans to offer Fastlane by PayPal for its merchant clients in the UK and Europe. In addition, PayPal is planning to expand merchant acquiring to businesses across the UK and European markets by leveraging J.P. Morgan Payments’ industry leading Commerce Platform.

Trustly, the global leader in Open Banking, has revealed UK holidaymakers spent 230% more year-on-year on travel in January 2024 using the secure account-to-account payment technology. 

January is often the most popular month to book holidays with many businesses offering discounts at the start of the year. The research shows the growing use of Pay by Bank among both consumers and businesses in the industry. 

FX Back Office (FXBO), the leading CRM solution for forex and trading companies, has officially announced its strategic partnership with Bitpace, a global leader in crypto payment gateways. This collaboration is set to redefine efficiency and innovation in the trading and brokerage space by integrating Bitpace's cutting-edge crypto payment solutions into FXBO’s robust ecosystem.