Provenir, a global leader in AI-powered risk decisioning software, recently brought together more than 50 representatives from the public and private spheres at an event in Paris (‘Fraude Financiere en France – evolutions, impacts et solutions’) to help drive greater collaboration between the public and private sectors when it comes to fighting increasingly sophisticated fraud. 

Onramp, an innovative funding provider that supports the growth of eCommerce businesses, has launched its first-ever machine-learning algorithm designed to identify eCommerce merchants who will best utilize funds in a productive way to grow their business and can successfully repay the loan.  

Since the commercial world began its digital transformation, industries across the world have been forced to adapt rapidly to shifting consumer behaviours and preferences, and nowhere is this truer than in the retail sector. 

The financial industry has undergone a massive shift thanks to the many advancements in artificial intelligence (AI) technology. AI has transformed the financial industry, changing how institutions interact with customers, operate, and deliver banking, investment management, insurance, and fintech services.

This article will examine how artificial intelligence impacts finance, including its applications, benefits, challenges, and prospects.

CASHIN KSA, a prominent POS and digital payments fintech in the region in the Kingdom of Saudi Arabia, and Fils, a pioneering force in climate-positive transactions, empowering businesses of all sizes to embed climate-positivity into transactions using their APIs, have forged a transformative partnership aimed at revolutionizing the financial landscape with sustainability at its core.

BNY Mellon, a leading global financial services company, today announced an expanded partnership between alternative credit specialist CIFC and BNY Mellon Investment Management (BNY Mellon IM).

nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that FirstBank Puerto Rico, a subsidiary of First BanCorp, has partnered with nCino to offer a more modern commercial lending and banking experience for its customers in Puerto Rico, Florida and the Virgin Islands, while providing greater insights into its portfolio.

Nationwide announces today that it has agreed the terms of a recommended cash offer with Virgin Money’s Board for the Virgin Money business.

Thunes, a cross-border payments company, today announced its deepened strategic collaboration with Visa, a world leader in digital payments, aimed at enabling new endpoints in key markets across Asia and Africa.