Search Results for: SME banking

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Exploring The Rise of AI-Enhanced Credit Scoring Systems

Rishika Patel
by Rishika Patel0
The rise of AI-enhanced credit scoring systems marks a significant shift in how financial institutions assess creditworthiness. Traditional credit scoring models have long been constrained by a limited set of factors, often excluding individuals without formal credit histories. However, AI-based models leverage a broader range of data sources, including non-traditional......
Lesaka Completes the Acquisition of Adumo, Cementing Its Position as the Leading Independent Fintech in Southern Africa
Digital Payments Fintech News

Lesaka Completes the Acquisition of Adumo, Cementing Its Position as the Leading Independent Fintech in Southern Africa

GlobeNewswire
by GlobeNewswire0
Lesaka Technologies, announced it has completed its acquisition of Adumo RF (Pty) Ltd (“Adumo”). The transaction was settled through the issuance of 17,279,803 shares of Lesaka’s common stock and a cash payment ZAR 232.2 million ($13.4 million), implying a total purchase consideration of ZAR 1.67 billion ($96.2 million) using Lesaka’s......
Sixfold's AI Prepares Insurers for Future Risks in Cyber Insurance
Artificial Intelligence Finance Fintech News

Sixfold’s AI Prepares Insurers for Future Risks in Cyber Insurance

PR Newswire
by PR Newswire0
Insurers using Sixfold’s AI can quickly adapt their risk strategies to address new cyber threats, providing accurate and future-ready underwriting assessments. Additionally, the partnership with CyberCube aligns with the strategy of utilizing the best data sources to streamline underwriting, keeping insurers ahead as cyber insurance premiums are projected to reach $20......
GAN Integrity Launches Integrity Identify™ - AI-Enabled Risk Discovery and Monitoring
Artificial Intelligence Finance Fintech News

GAN Integrity Launches Integrity Identify™ – AI-Enabled Risk Discovery and Monitoring

PR Newswire
by PR Newswire0
Solution delivers a 10x increase in the precision of risk screening and 2x faster onboarding of third parties GAN Integrity, a leading provider of integrated compliance, ethics, and risk management solutions, today announced the release of its new third-party risk discovery and monitoring solution Integrity Identify. Using advanced large language......
Research: 88% of Top Global Banks Unprepared for Climate-Related Disruptions
Banking Fintech News

Research: 88% of Top Global Banks Unprepared for Climate-Related Disruptions

Business Wire
by Business Wire0
First-of-its-kind Report Ranks 50 of the World’s Largest Commercial Banks on Climate Adaptation Maturity; US and Australian Banks Lag Behind Climate X, a leader in climate risk data analytics, today announced the findings of its first-of-its-kind report, The Top 50 Banks in the World Tackling Adaptation 2024, conducted in collaboration......
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......
Odin AI Assistance Gains Ground as the Go-To Solution for Efficient M&A Workflows
Artificial Intelligence Finance Fintech News

Odin AI Assistance Gains Ground as the Go-To Solution for Efficient M&A Workflows

EIN Presswire
by EIN Presswire0
Odin AI Assistance Revolutionizes M&A with Seamless Workflow Integration and Advanced AI Capabilities, Quickly Becoming the Industry’s Go-To Solution Positon AI is excited to announce that its innovative solution, Odin AI Assistance, is quickly gaining traction and widespread adoption in the Mergers and Acquisitions (M&A) sector. Thanks to its unique architecture and......
Earnix and Hexaware Partner to Accelerate Insurance Pricing Transformation
Artificial Intelligence Fintech News

Earnix and Hexaware Partner to Accelerate Insurance Pricing Transformation

PR Newswire
by PR Newswire0
Hexaware, an IT services and solutions provider, today announced a partnership with Earnix, a global provider of AI-based SaaS pricing and rating solutions for financial services. The partnership aims to improve underwriting, efficiency, reduces losses, better comply with the regulations, and ensure competitive advantage through effective pricing strategies. Hexaware seeks......
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