Search Results for: financial industry

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Top Financial Technologies That Are Driving Easy Deposit Switching

Prajakta Ayade
by Prajakta Ayade0
New age financial technologies are revolutionizing the global banking industry, offering consumers unprecedented convenience and flexibility. One area where this transformation is particularly evident is in deposit switching—the process of transferring direct deposits and automatic payments from one bank account to another. Traditionally a time-consuming task, deposit switching is becoming......
Innovating Security: How FinVolution is Taking Next-Generation Technologies to Fight Deepfake-Driven Financial Crimes
Artificial Intelligence News

Innovating Security: How FinVolution is Taking Next-Generation Technologies to Fight Deepfake-Driven Financial Crimes

PR Newswire
by PR Newswire0
Deepfake technology, an artificial intelligence tool capable of generating convincingly fake audio and video, is increasingly being used to perpetrate financial crimes worldwide, raising serious concerns about sophisticated fraud. In a notable incident reported by CNN earlier this year, a finance worker was tricked into transferring $25 million during a video call with......
Fintech Guest Posts Security

Strengthening the Financial Sector Through Authentication and Regulation

Frederik Mennes
by Frederik Mennes0
At the beginning of 2024, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published a report quantifying the impact of weak identity solutions on our financial system. This is the first time a federal agency has made an effort to quantify the impact of compromised credentials on the US......
Survey Reveals Accountants Play Vital Role In Driving Financial Transformation for Organizations
Finance News

Survey Reveals Accountants Play Vital Role In Driving Financial Transformation for Organizations

GlobeNewswire
by GlobeNewswire0
With mounting bandwidth concerns and urgency to provide critical insights, 60% of accountants and CFOs still do not consider financial transformation a top priority FloQast, a Finance and Accounting Operations Platform provider created by accountants for accountants, announced the results of its latest survey, Embracing Financial Transformation: What It Is, Why......
Fintech Atmos Financial Partners Directly with Five Star Bank in a Sustainable BaaS Model
Banking Finance Fintech News

Fintech Atmos Financial Partners Directly with Five Star Bank in a Sustainable BaaS Model

PR Newswire
by PR Newswire0
Atmos Financial has partnered with Five Star Bank since 2023 to offer climate finance products and services in a safe and sound manner Atmos Financial, PBC continues to advance its mission to help decarbonize the banking sector and advance the rapid transition to a clean economy through its partnership with......
Aquila Clouds Introduces FinOps ChatGenie with DataGenie Partnership, Redefining Cloud Financial Management
Cloud Fintech News

Aquila Clouds Introduces FinOps ChatGenie with DataGenie Partnership, Redefining Cloud Financial Management

PR Newswire
by PR Newswire0
Aquila Clouds, a frontrunner in cloud financial management solutions, has unveiled a groundbreaking advancement through its collaboration with DataGenie. This partnership brings forth ChatGenie, an innovative augmented intelligence and contextual insights solution integrated into Aquila Clouds’ FinOps platform. ChatGenie marks a pioneering leap in FinOps technology, enabling users to effortlessly query......
Quantifind Taps Michael Shepard, Former Deloitte Global Financial Crime Leader, for Advisory Role
Artificial Intelligence Finance Fintech News

Quantifind Taps Michael Shepard, Former Deloitte Global Financial Crime Leader, for Advisory Role

PR Newswire
by PR Newswire0
Michael’s addition strengthens Quantifind’s strategic leadership team and is poised to drive further AI innovation. Quantifind, the proven AI leader in Risk Intelligence, is thrilled to announce a significant milestone in enhancing its strategic leadership team. Michael Shepard, Deloitte’s global Financial Crime executive, has retired from Deloitte and is joining......
Sumsub and Finastra Partner to Strengthen Banking Industry Compliance
Banking Compliance management News

Sumsub and Finastra Partner to Strengthen Banking Industry Compliance

PR Newswire
by PR Newswire0
Sumsub secures long-term partnership with Finastra, jointly enabling banking clients to adopt Sumsub’s compliance and anti-fraud solutions Sumsub, a global full-cycle verification platform, is partnering with Finastra, a global provider of financial software applications and marketplaces, to support financial institutions worldwide with their compliance processes. Finastra and Sumsub will collaborate on mutual projects,......
Artificial Intelligence Finance Fintech Guest Posts Risk Management Security

Boosting AI Trustworthiness in Financial Services

Jans Aasman
by Jans Aasman0
By Dr. Jans Aasman, CEO of Franz, Inc. As a cognitive scientist with decades of immersion in various AI technologies, including speech and natural language understanding, machine-based learning, and rule-based decision-making, I’ve seen the ebbs and flows of AI development. Amidst this journey, the advent of ChatGPT and other generative AI......
Amplify Life Insurance Secures $20M Series B Funding to Offer Tax-Efficient Financial Wellness to an Underserved Market
InsurTech News

Amplify Life Insurance Secures $20M Series B Funding to Offer Tax-Efficient Financial Wellness to an Underserved Market

PR Newswire
by PR Newswire0
Amplify Life Insurance, a leading digital platform revolutionizing wealth-building through permanent life insurance, announced it has secured $20M in a Series B funding round co-led by Crosslink Capital and Anthemis. New investors Moneta Ventures and Evolution Ventures joined the round, with continued support from existing investors Greycroft, Munich Re Ventures, and......
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