Airwallex Improves Customer Onboarding with Generative AI
- 15 hours 41 min ago
- Artificial Intelligence
Airwallex today shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. The new tool reduces ‘false positives’ by 50 percent on average, while boosting the number of customers that pass through the onboarding process without human intervention by 20 percent.1
Moody’s Launches Moody’s Research Assistant, a GenAI Tool to Power Analytic Insights
- 1 day 17 hours ago
- Artificial Intelligence, Financial
Moody's Corporation today announced the launch of Moody’s Research Assistant, a first-of-its-kind search and analytical tool powered by generative artificial intelligence (GenAI). Leveraging Moody’s extensive proprietary content and the latest large language models (LLMs), the product helps customers generate new insights from the breadth and depth of Moody’s credit research, data, and analytics.
Lucinity Estimates $27 Billion Annual Savings for Banks Through Generative AI Upskilling
- 1 day 19 hours ago
- Artificial Intelligence, Banking
Lucinity, the leader in AI for financial crime prevention, estimates that the recent advancements in generative AI can save the banking industry $27 billion annually in training and staff costs. Generative AI has the potential to significantly enhance the skills of less-experienced workers, improve the quality of their output, and result in substantial cost savings for the banking sector.
Dynamic Yield by Mastercard Unveils Shopping Muse, the Next Generation Personal Retail Assistant
- 5 days 16 hours ago
- Artificial Intelligence, Financial
Dynamic Yield by Mastercard today announced Shopping Muse, an advanced generative AI tool that revolutionizes how consumers search for and discover products in a retailer’s digital catalog.
Medius to Release First AI Workmate for the Accounts Payable Industry
- 6 days 20 hours ago
- Artificial Intelligence
Medius, a leading provider of AP Automation and Spend Management solutions, has today revealed its plans for the first AI-powered workmate for the Accounts Payable Automation (APA) industry that delivers a three-pronged innovation strategy in the way invoices are processed.
Finastra Global Survey Reveals Excitement Around Pace of Change in Financial Services Industry and the Potential of Generative AI
- 1 week 2 days ago
- Artificial Intelligence
Finastra’s annual global survey reveals that, despite economic constraints, financial institutions globally continue to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance.
Majority of Banks Are Piloting Opportunities of Generative Ai - and Preparing for the Risks, According to New Industry Study
- 1 week 2 days ago
- Artificial Intelligence, Banking
UK Finance and global management consultancy Oliver Wyman today released their report on the use of AI in financial services (FS), and the future opportunities and risks for the sector. It includes a snapshot survey of 23 companies ranging from international to mid-size banks and non-banking FS firms.
Ripjar Expands AI Risk Profile Capabilities with Generative AI
- 2 weeks 19 hours ago
- Artificial Intelligence, Financial
Ripjar, the trusted provider for monitoring and investigating threats, risks and criminal activity, today announces the launch of AI Summaries, an extension to its Labyrinth Screening platform. AI Summaries builds on Ripjar’s existing AI Risk Profiles feature, which assembles screening information into single 360° profile views for people and companies, identifying areas of relevant risk across adverse media, sanctions, watchlists and... more
Update for GFT AI.DA Marketplace: AI Support for Complex Product Development
- 2 weeks 6 days ago
- Artificial Intelligence
Development processes are often complex and non-transparent. In the automotive industry, for example, many thousands of employees in hundreds of teams are usually involved in the development of new vehicles. Engenion from GFT uses AI to create transparency. This allows projects to be carried out much more efficiently.
IDVerse Offers the Mastercard Engage Partner Program An Inclusive Digital First Experience
- 3 weeks 6 days ago
- Artificial Intelligence, Digital Identity
World-leading digital ID verification company IDVerse (previously known as OCR Labs Global) today announces joining the Mastercard Engage partner program to offer a fully automated identity verification solution to Mastercard customers.
New Report Unveils the Transformative Power of Conversational AI for Banking Customers
- 4 weeks 19 hours ago
- Artificial Intelligence
A new report from Kore.ai, a provider of conversational and generative AI platforms and solutions, reveals a growing acceptance of AI-powered intelligent virtual assistants (IVAs) that meet customer quality expectations unfulfilled by legacy chatbots. The findings also depict a significant shift in sentiment for AI, with only a 7% difference between total ratings for IVA (70%) and all Live Agent modes (77%), for both simple and complex... more
Financial Data Intelligence Expert Bud Launches AI-Powered Generative Data Analytics and Marketing Automation Suite
- 4 weeks 1 day ago
- Artificial Intelligence
Bud Financial (Bud), the AI-powered data intelligence platform for financial services, today unveils an out-of-the-box solution suite that enables anyone in a financial organization to perform advanced data analytics tasks for marketing, personalization, segmentation, and customer monitoring.
Axyon AI Secures Top European Grants for Pioneering in Quantum Computing Technology and AI for the Asset Management Sector
- 1 month 19 hours ago
- Artificial Intelligence, Machine Learning
Axyon AI, the fintech company specializing in AI and deep learning predictive solutions for the Asset Management industry, has won two grants recognizing the value of its research and the ongoing development of its technology.
Glia Launches New AI Tools for Financial Institutions
- 1 month 3 days ago
- Artificial Intelligence
Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automation on a single platform, is offering new generative AI tools to help financial institutions drive efficiency and improve the customer experience in a safe, secure way.
AI Set to Transform Compliance; Data, Knowledge Barriers Remain: Moody’s Analytics Study
- 1 month 5 days ago
- Artificial Intelligence
A new Moody’s Analytics study reveals that while there is an overwhelming desire for AI adoption in compliance, significant barriers hinder progress including poor internal data quality, a lack of clarity around regulation, and a specialist knowledge gap.
