Search Results for: potential fraud

Lucinity and Resistant AI Partner to Deliver Advanced AI-Powered FinCrime Prevention Solutions
Artificial Intelligence Finance Fintech News

Lucinity and Resistant AI Partner to Deliver Advanced AI-Powered FinCrime Prevention Solutions

PR Newswire
by PR Newswire0
Lucinity, an AI-powered FinCrime investigation platform, and Resistant AI, specialists in fraud and money laundering detection, have partnered to enhance financial crime detection. In 2023, $3.1 trillion in illegal transactions occurred globally, including more than $800 billion tied to drug trafficking, $350 billion to human trafficking, and $500 billion lost to fraud. This collaboration addresses limitations in current technology, providing enhanced detection and......
Nasdaq Verafin Announces Targeted Typology Analytics — An Innovative Approach to Fighting Financial Crime
Artificial Intelligence Finance Fintech News Security

Nasdaq Verafin Announces Targeted Typology Analytics — An Innovative Approach to Fighting Financial Crime

Business Wire
by Business Wire0
Leading AI-Based Anti-Financial Crime Offering including Elder Financial Abuse and Human Trafficking Analytics Enhanced with New Detection Capabilities for Terrorist Financing and Drug Trafficking Activity Today, Nasdaq Verafin, leading provider of crime fighting technology, announces enhancements to its robust suite of artificial intelligence (AI) based Targeted Typology Analytics, with new......
Marqeta Announces Fouzi Husaini as Company’s Chief Artificial Intelligence Officer
Artificial Intelligence Finance Fintech News

Marqeta Announces Fouzi Husaini as Company’s Chief Artificial Intelligence Officer

Business Wire
by Business Wire0
Husaini plans to expand and scale Marqeta’s AI capabilities, bringing over 25 years of experience to help drive greater ROI for Marqeta customers unlocking purchasing power for all Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, announced that Fouzi Husaini has joined......
Artificial Intelligence Banking Finance Fintech Guest Posts

Keeping up with AI in Accounting: 5 Crucial Skills to Learn

Paul Wnek
by Paul Wnek0
By Paul Wnek, founder, CEO and principal solutions architect at Expand AP A recent World Economic Forum survey showed 85 percent of financial services organizations were using some form of AI and 77 percent believe that AI will become an essential part of their business in the next two years.......
IBM Study: Divergent Views Among Small to Medium Sized Business Leaders and the Banks that Serve Them Uncover a White Space for Nimble Financial Institutions to Compete in this Varied Market Segment
Banking Finance Fintech News

IBM Study: Divergent Views Among Small to Medium Sized Business Leaders and the Banks that Serve Them Uncover a White Space for Nimble Financial Institutions to Compete in this Varied Market Segment

PR Newswire
by PR Newswire0
New findings from IBM’s Institute for Business Value and the Banking Industry Architecture Network (BIAN), with contributions from the SME Finance Forum managed by the International Finance Corporation (IFC), revealed that despite the significant role small to medium-sized enterprise (SME) plays in the global economy, banks may be missing an......
Half of Executives Expect More Deepfake Attacks on Financial and Accounting Data in Year Ahead
Artificial Intelligence Finance Security

Half of Executives Expect More Deepfake Attacks on Financial and Accounting Data in Year Ahead

PR Newswire
by PR Newswire0
Over half of C-suite and other executives (51.6%) expect an increase in the number and size of deepfake attacks targeting their organizations’ financial and accounting data – otherwise known as deepfake financial fraud – during the next 12 months, according to a new Deloitte poll. That increase could impact more than one-quarter of......
New Oracle Cloud Service Helps Banks Quickly Identify Financial Crime Risk
Banking Cloud Fintech News Risk Management

New Oracle Cloud Service Helps Banks Quickly Identify Financial Crime Risk

PR Newswire
by PR Newswire0
Financial Crime and Compliance Management Monitor delivers advanced visualizations to support banks in managing risk and meeting compliance analysis and reporting requirements Oracle announced Oracle Financial Crime and Compliance (FCCM) Management Monitor Cloud Service. With the new solution banks, fintechs, and other financial services companies can gain a holistic, centralized......
MindBridge Releases New AI Innovations to Combat Escalating Financial Risks
Artificial Intelligence Fintech News Risk Management

MindBridge Releases New AI Innovations to Combat Escalating Financial Risks

PR Newswire
by PR Newswire0
New platform features equip finance professionals and internal and external auditors with advanced AI tools to detect anomalies, ensure compliance, and strengthen risk management MindBridge, the leading AI-powered financial risk intelligence platform, is announcing significant enhancements to its MindBridge AI platform at The MindBridge Conference. These improvements come as MindBridge......
Roots Automation Raises $22.2 Million to Unlock the Value Held within Unstructured Data across Insurance with AI
Artificial Intelligence InsurTech News

Roots Automation Raises $22.2 Million to Unlock the Value Held within Unstructured Data across Insurance with AI

PR Newswire
by PR Newswire0
Capital will accelerate growth and build upon Roots Automation’s made-for-insurance AI, enabling carriers, TPAs, brokers, and agents to drive significant improvements in overall business performance Roots Automation, creator of the AI-powered Digital Coworker and InsurGPT™, the world’s first generative AI model for insurance, announced the closing of a $22.2 million Series B funding round.......
Artificial Intelligence Featured Finance Fintech Machine Learning Risk Management Robotic Process Automation

The Role of Autonomous Financial Platforms in Creating Self-Learning Financial Ecosystems

Prajakta Ayade
by Prajakta Ayade0
Autonomous financial platforms are systems designed to operate independently, managing financial processes with minimal human intervention. They utilize AI, ML, and other advanced technologies to perform tasks such as trading, portfolio management, risk assessment, fraud detection, and customer service. These platforms are capable of learning from data, adapting to new......
1