Category : Finance

Artificial Intelligence Finance Fintech News

Total Economic Impact Study Reveals 69% Efficiency Gains Using Versapay’s AI-Powered Cash Application

PR Newswire
by PR Newswire0
Interviewees reported 138% ROI on Cash Application from improvements in cash posting efficiency, reduced manual effort, and AI-driven matching Versapay, the leading Accounts Receivable Efficiency Suite, today released the results of Total Economic Impact™ (TEI) for Versapay’s Cash Application solution to be 138%, representing a payback window of less than six months. Midmarket businesses......
Artificial Intelligence Finance Fintech News

Traceable AI Report: API Security Emerges as Top Concern for Financial Sector Amid Increasing Threats

Business Wire
by Business Wire0
Survey further reveals 42% of financial institutions that experienced API-related data breaches attribute the attacks to fraud, abuse, and misuse; majority (82%) concerned about regulatory compliance Traceable AI, the industry’s leading API security company, today released an in-depth report exposing the state of API security in the financial services industry.......
B2B Finance Fintech News Trading

B2Broker Releases Cutting-Edge Copy Trading Platform, Disrupting the Industry

Business Wire
by Business Wire0
The Insight Partners report predicts that the copy trading market will grow from $2.2 billion to $4 billion by the end of this decade. This trend highlights a significant opportunity for brokers to adopt advanced copy trading platforms that fulfil trader expectations. Client feedback is central to B2Broker’s offerings. Consequently, the......
Finance Fintech News

CFOs Say They Want Operational Experience and Familiarity With New Tech When Identifying Successors; GenAI Tops List of Internal Concerns: Deloitte CFO Signals™ Survey 2Q 2024

PR Newswire
by PR Newswire0
Just 26% of CFOs believe that now is a good time to take greater risks. CFOs consider neither debt nor equity financing attractive. CFOs’ optimism for their companies’ financial prospects came in at -0.5. Generative AI (GenAI) ranks as the top internal concern for CFOs, though talent and technology transformation......
Artificial Intelligence Banking Digital Payments Finance Fintech Guest Posts Risk Management Security

Turning to AI to Address Financial Crime, Regulatory Compliance

Art Mueller
by Art Mueller0
By Art Mueller, vice president of financial crime, WorkFusion Financial crime is running rampant. According to the United Nations Office on Drugs and Crime, up to $2 trillion in illicit funds are laundered through global financial networks each year. Yet financial institutions are only able to intercept about one percent......
Banking Finance Fintech News

HCLTech and apoBank Deepen Partnership

Business Wire
by Business Wire0
HCLTech, a leading global technology company, today announced that Deutsche Apotheker- und Ärztebank eG (apoBank), Germany’s largest cooperative primary bank, has expanded its strategic partnership with HCLTech. HCLTech will accompany apoBank with an outcome-oriented managed services model that delivers resilient, scalable, high quality and compliant Digital Foundation services, enabling apoBank......
Banking Finance Fintech News

Mbanq Spearheads ASEAN Banking Technology and BaaS Expansion Together with IG Tech Cambodia

Business Wire
by Business Wire0
Strategic joint venture with IG Tech Cambodia brings Mbanq’s established digital banking technology and Banking-as-a-Service (BaaS) solutions to SE Asian markets. Mbanq, a global leader in Banking-as-a-Service (BaaS) and digital banking innovation has formed a strategic partnership with IG Tech Cambodia, a prominent FinTech and banking technology developer in SE......
Artificial Intelligence Finance Fintech News

Certa Brings Generative AI-Powered Third Party Management to Enterprises

Business Wire
by Business Wire0
Innovative Generative AI Capabilities and New ESG Modules Enable Businesses to Efficiently Navigate Evolving Regulations and Risks in Third Party Relationships Certa, the leading software platform for enterprises to manage risk, compliance, and ESG for their third parties like vendors, partners, and clients, today announced that its trailblazing generative AI......
Finance Fintech News

FinQuery Unveils Automated Catch-Up Lease Actions for Streamlined Accounting

Business Wire
by Business Wire0
Latest lease functionality ensures financial data remains up-to-date, accurate, and compliant, regardless of when the lease information is recorded. In an innovative step forward for lease accounting, FinQuery, formerly LeaseQuery, announces the launch of its first-to-market automated catch-up functionality, revolutionizing the way accountants handle lease changes. This latest feature introduces......
Finance Fintech News

Consumers Are Crowdsourcing Their Financial Services, While Banks Risk Losing Primary Status

Business Wire
by Business Wire0
Galileo Consumer Banking Report by Datos Insights uncovers the latest consumer banking behaviors and preferences 85% of consumers say they have positive experiences with their primary financial institution (FI), yet they’re using as many tools or services with other financial providers as they are with their primary FI, according to......
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