Advanced AI Helps Banks Double APP Scam Detection
- 2 days 20 hours ago
- Artificial Intelligence
Artificial Intelligence (AI) could help banks to prevent over 100,000 Authorised Push Payment (APP) scams each year, according to a trial piloted by two major banks and LexisNexis® Risk Solutions. The trial saw detection of in-progress APP scams double from 3-in 10 to 6-in-10 cases. Preventing 60% of APP scams before they happen could save the banking sector over £600 million in fraud losses, based on UK Finance figures for 2020 and 2021.
Boost.ai Appoints Jerry Haywood as Chief Executive Officer
- 5 days 21 hours ago
- Artificial Intelligence
Boost.ai, a Nordic Capital-backed global leader in conversational AI for enterprises, today announced that Jerry Haywood is joining the company’s executive team as Chief Executive Officer effective December 1, 2022. Haywood brings 20 years of enterprise technology experience with him and has held various sales and senior leadership positions at IBM, Cisco, and Salesforce.
Claim Technology Partners with Resistant AI to Deliver Document Forensics
- 6 days 22 hours ago
- Artificial Intelligence
Resistant AI, the company using AI and machine learning to defend financial services from fraud and crime, has announced a strategic partnership with insurtech specialists Claim Technology to protect against fraudulent insurance claims. Claims handlers will now be able to spot forged documents to a level of forensic analysis that is impossible to detect with the human eye.
Impactsure Now Available on Temenos Exchange
- 1 week 20 hours ago
- Artificial Intelligence
Impactsure Technologies (Impactsure), an Artificial Intelligence (AI) and Machine Learning (ML) powered document analytics SaaS company for Banks and Enterprises, today announced the availability of its Secure Unified Responsive Engine (SURE)-based SureMatch platform on Temenos Exchange, the open market place for fintech solutions. Temenos is the digital and core banking solution provider for prominent global banks.
AI Risk and Governance for Financial Institutions
- 1 week 2 days ago
- Artificial Intelligence
This event builds on our previous marcus evans Model Risk events but focuses on the various risks associated with AI, largely though not entirely AI models. The primary reason this is so topical is a set of incoming regulations and regulatory proposals, including an EU AI proposal expected to come into force perhaps sometime in 2023, and a PRA report leading into regulation. Furthermore, in general, financial institutions face increased risks... more
18/11 – Weekly Fintech Recap
- 1 week 5 days ago
- Artificial Intelligence, Payments, Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships HSBC and Wells Fargo Expand DLT Solution to Include Offshore Yuan
Major New Announcements from OutSystems at NextStep 2022
- 1 week 6 days ago
- Artificial Intelligence
At its NextStep customer conference hosted this week, OutSystems made a series of announcements that further secure its position as a pioneer in the high-performance, low-code category.
How AI is Augmenting the Digital Transformation in Finance
- 2 weeks 6 days ago
- Artificial Intelligence
The universe of machine learning (ML) and its applications is expanding at an ever-increasing rate and there is hardly any industry that is not leveraging the power of sophisticated and cutting-edge algorithms to foster business growth. Solutions using Artificial Intelligence (AI) have gained even more significance as the world has moved to digital properties with the onset of the pandemic era.
FinTech Connect Launches “FinTech in Flux” Industry Benchmark Report Reveals Adapting To Consumer Demand and Investment In Tech Are Key For Winning Edge
- 2 weeks 6 days ago
- Artificial Intelligence
FinTech Connect 2022, Europe’s only dedicated fintech event for the entire ecosystem, today released its 2022 Industry Benchmark Report, Fintech in Flux: Thriving in the Age of Uncertainty, showing that customers remain the biggest focus, with 86 per cent of
AI in Fintech Market to Reach US$ 54 Billion, Globally, by 2032 at 16.5% CAGR: Future Market Insights, Inc.
- 3 weeks 1 day ago
- Artificial Intelligence
The global AI in fintech market is estimated at US$ 10.1 Billion in 2021 and is projected to procure US$ 11.76 Billion by 2022 according to a report published by ESOMAR-certified Future Market Insights. The market is anticipated to garner US$ 54 Billion by 2032 while recording a CAGR of 16.5% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing emphasis on customer safety against cyber and... more
04/11 – Weekly Fintech Recap
- 3 weeks 5 days ago
- Artificial Intelligence, Payments, Banking, Cloud, FinTech StartUps, M&A Deals, People Moves
Partnerships NEAR Wallet Users Soar to 20+ Million Thanks to Groundbreaking Partnership with SWEAT Economy
IQ-EQ Employs Leading AI Compliance Capabilities with Napier
- 4 weeks 19 hours ago
- Artificial Intelligence
Napier, provider of leading anti-financial crime compliance solutions, announced that investor services group IQ-EQ is upgrading its screening capabilities to Napier’s AI-enhanced Client Screening.
28/10 – Weekly Fintech Recap
- 1 month 3 days ago
- Artificial Intelligence, Payments, M&A Deals, People Moves
Partnerships Payer and American Express Partner to Accept B2B Payments Across the Nordics
Resistant AI awarded ‘Digital Crime Fighter of the Year’ for second time in Hackathon at ACAMS 21st Annual Conference in Las Vegas
- 1 month 1 week ago
- Artificial Intelligence
Resistant AI, the fraud and financial crime services provider dedicated to protecting and safeguarding automated financial services, today announces it was awarded ‘Digital Crime Fighter of the Year’ for winning the second hackathon challenge at the ACAMS 21st Annual AML & Anti-Financial Crime Conference in Las Vegas last week. This win swiftly follows their award of ‘Digital Crime Fighter of the Year’ at ACAMS’ Inaugural Hackathon in March... more
AI Enabling Banks to Shift the Heightened Sanction Checking Burden onto Technology
- 1 month 2 weeks ago
- Artificial Intelligence
AI-based automation can relieve banks of the heavy compliance burden, according to a new whitepaper – Navigating the complex sanctions landscape: letting AI take the strain – from a leading provider of technology-assisted document checking software Conpend.
