Category : Artificial Intelligence

Artificial Intelligence Fintech News

VTB Applies AI Model to Clamp Down on Payment Card Fraud

Fintech News Desk
VTB is implementing a new model based on AI to prevent fraudulent card transactions: a machine learning algorithm trained on more than 10,000 parameters detects 1.5 times more attempts by attackers to commit fraudulent transactions compared to previous operating systems. The model, developed by VTB’s internal AI specialists, analyses the......
Artificial Intelligence Banking Big Data News

Scotiabank Applies AI and Big Data To Better Understand Customer Needs

Fintech News Desk
Scotiabank today announces C.MEE, a new technology that leverages big data and artificial intelligence (AI) to enable even better customer experiences (CX) with the Bank. Using AI to predict customer needs, C.MEE provides customers with relevant and timely financial advice when they need it most. Read More: GlobalFintechSeries Interview with......
Artificial Intelligence Business Fintech News

Refinitiv Rolls Out MarketPsych ESG Analytics

Fintech News Desk
Building on its commitment to drive positive change through its data and insight, Refinitiv today announced the launch of MarketPsych ESG Analytics, a new analytics tool to provide numerical ESG insights on companies and countries based on news and social media monitoring. To monitor perceptions of sustainability and ESG risk,......
Artificial Intelligence Fintech Fintech Startups News

Boast.AI Secures $100M to Fuel R&D Tax Credit-Based Financing for Startups

Fintech News Desk
Boast.ai, a software innovator whose flagship product automates the complex process of applying for R&D tax credits, has secured a $100 million credit facility from Brevet Capital, a leading alternative credit investment and specialty finance firm, to launch an innovative financing platform enabling startups to receive cash advances on R&D tax credits......
Artificial Intelligence Fintech InsurTech Machine Learning News

Earnix’s Solution to Provide Industry-Leading Personalized Insurance Rate Breakdown to Consumers

Fintech News Desk
The enhanced consumer rate breakdown creates a new standard for transparency in the insurance industry Earnix, a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks, announced a newly enhanced capability that enables insurers to provide comprehensive rate breakdowns to consumers instantaneously. Integrated within Earnix’s......
Artificial Intelligence Banking Business Fintech InsurTech Investment Services News Risk Management

IDC MarketScape Names AvidXchange A Leader In Accounts Payable Automation For The Midmarket

Fintech News Desk
Customer experience, AvidPay Network recognized as strengths of AvidXchange in latest IDC MarketScape report AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, has been named a Leader in IDC Research’s latest report on AP automation. In IDC MarketScape: Worldwide SaaS and Cloud-Enabled......
Artificial Intelligence Banking Fintech Investment Services News

Midwest BankCentre Selects Upstart for Auto Lending

Fintech News Desk
Upstart , a leading artificial intelligence (AI) lending platform, today announced Midwest BankCentre, St. Louis’ premier community bank since 1906, has selected Upstart to expand its direct auto lending business with a digitally enabled auto refinancing service. Read More:  XP Inc. Acquires Riza M&A With Upstart, Midwest BankCentre will be......
Artificial Intelligence Banking Fintech Investment Services News

BAI Finds Consumers Confident in Financial Services Organizations’ Fraud Response

Fintech News Desk
According to research recently conducted by BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, fraud and security remain the biggest frustration with digital banking customers. Today’s consumer is faced with greater challenges relative to fraud due to the impact of the COVID-19 pandemic, subsequent......
Artificial Intelligence Banking Big Data Business Fintech News

Cloudentity and Axway Partner to Deliver Zero Trust for Open Banking

Fintech News Desk
The partnership provides AI-driven API authorization and governance to simplify and secure open banking applications Cloudentity, a cloud-based provider of dynamic fine-grained authorization and governance solutions, today announced its partnership with Axway, a leading API integration platform provider, to deliver Zero Trust authorization for Open Banking services. Read More: GrowthForce Releases......
Artificial Intelligence Business Fintech Machine Learning News

OnSeen Announces Addition of New Artificial Intelligence Service to its LiveClaims Solution to Streamline and Accelerate the Claims Management Process for P&C Insurers

Fintech News Desk
OnSeen, Inc. announced today the development of a new Artificial Intelligence service for its LiveClaims Solution aimed at accelerating and personalizing the claims adjustment and settlement process for P&C insurance policyholders. Using the LiveClaims AI service to intelligently automate adjuster assignment and scheduling, while simultaneously replacing manual claims adjustment activities......
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