Insurance customers are growing increasingly comfortable with the use of AI in the sector, paving the way for insurers to further enhance products, customer experiences and operations, according to new research* from Guidewire (NYSE: GWRE) today.

New generative AI models now pop up almost every week, and even unsophisticated fraudsters use them to generate convincing ID verification sessions at scale. That shift makes defense-in-depth—layering several independent checks so nothing hinges on a single point of failure—more crucial than ever.

LuLu Financial Holdings, a leading global financial services conglomerate, has partnered with Abhi Middle East Limited to enhance financial inclusion and improve access to timely remittance solutions. As part of the partnership, workers in the UAE will be able to access their earned wages instantly and remit funds to their families back home through LuLu Exchange — without having to wait for payday. 

With over 200 alternative payment methods available globally, the way consumers choose to pay is influenced by far more than convenience alone, Zaki Farooq, CTO and Co-Founder of PayFuture writes. These decisions reflect habit, trust and subtle behavioural signals that can influence whether a transaction completes or is abandoned.

As part of its enterprise fraud programme, Entercard will use AI-powered technology from global analytics software leader FICO to better identify fraudulent account openings. FICO® Platform’s capabilities for model development, identity resolution, streaming data and service orchestration will help Entercard, one of the leading Nordic finance companies, build and deploy powerful fraud scorecards, confirm applicants’ true identities through advanced network link analysis and detect fraudulent applications.

Capital markets are set to be boosted, as part of this government’s Plan for Change as we deliver legislation for PISCES, a new type of stock market which will give investors the chance to get in on the ground floor of some of the most exciting companies around, so supporting those businesses to grow. 

EV payment specialist Paythru has partnered with global fintech leader Adyen to co-develop a next-generation, omni-channel payments platform for EV charging. The collaboration aims to address the problem of inconsistent EV charging payments – where EV drivers face different payment methods at different charge points – which frustrates drivers and hampers EV uptake.

MuchBetter, the innovative fintech company, has announced the launch of the MuchBetter Prepaid Corporate Mastercard® - a powerful, flexible solution designed to simplify company spending and modernise expense management for businesses of all sizes.

The introduction of this new product marks an expansion in the B2B unit of MuchBetter beyond the consumer wallet space, marking a significant milestone in its evolution as a comprehensive financial services provider.

Mastercard and MoonPay will join forces to enable people and businesses to pay and be paid using stablecoins across global markets. Enterprises and fintechs will be able to leverage Mastercard branded cards linked to users’ stablecoin balances, empowering cardholders to spend their stablecoins, which will simultaneously be converted to fiat currency, at more than 150 million locations where Mastercard is accepted worldwide. 

Kyriba, a global leader in liquidity performance, today introduced its agentic AI solution, TAI – a significant advancement in the safe, compliant use of generative AI in finance operations to improve productivity and efficiency amid continued economic uncertainty.