Search Results for: technical issues

Artificial Intelligence Banking Featured Finance Fintech Machine Learning Risk Management

Financial Information Business Ontology (FIBO): Architecture, Use Cases, and Implementation Challenges

Fintech Staff Writer
by Fintech Staff Writer0
Financial Information Business Ontology (FIBO) represents an important advancement in the way financial institutions manage and interpret data. Developed by the Enterprise Data Management (EDM) Council, FIBO is a formal ontology that provides a structured approach for defining financial terms, relationships, and processes. FIBO is designed to standardize data across......
E-commerce Featured Fintech Robotic Process Automation

Automating Financial Reconciliation for E-commerce Using AI and RPA

Fintech Staff Writer
by Fintech Staff Writer0
In the fast-evolving world of e-commerce, managing financial transactions accurately and efficiently is crucial for business success. Financial reconciliation—the process of verifying that records from different financial accounts align—is a fundamental aspect of financial management. In the e-commerce sector, the vast volume of transactions, multiple payment channels, and diverse currencies......
Banking Digital Payments Featured Finance Fintech Security

Enabling Cross-Border Embedded Finance Solutions with Multi-Currency and Multi-Language Support

Prajakta Ayade
by Prajakta Ayade0
Embedded finance has rapidly transformed financial services, integrating them directly into non-financial platforms like e-commerce sites, mobile apps, and digital marketplaces. Cross-border embedded finance solutions are the next frontier, allowing businesses to offer financial services that transcend borders seamlessly. As companies expand globally, the need for multi-currency and multi-language support......
Banking Blockchain Digital Asset Management Digital Payments Featured Finance Fintech Security

Integrating Blockchain Technology Effectively into Digital Banking Systems

Fintech Staff Writer
by Fintech Staff Writer0
The global banking sector has seen a significant transformation in recent years, driven by advancements in financial technology aimed at enhancing efficiency and reducing operational costs. Among these innovations, blockchain technology stands out as a powerful tool with the potential to revolutionize various banking processes. From transaction processing and settlement......
New IBM study: Insurance leaders agree that rapid adoption of generative AI is necessary to compete, but insurance customers express reservations
Artificial Intelligence Finance Fintech News

New IBM study: Insurance leaders agree that rapid adoption of generative AI is necessary to compete, but insurance customers express reservations

PR Newswire
by PR Newswire0
New research by IBM’s Institute for Business Value identifies a disconnect between how insurers and their customers prioritize the use of generative AI, with industry executives focusing on experience while their clients are seeking personalized risk products and insights. Findings from a survey of 1,000 insurance c-suite executives in 23......
Kyriba Enhances its AI-Driven Liquidity Performance Solutions to Boost CFOs' Financial Agility and Operational Connectivity
Artificial Intelligence Finance Fintech News

Kyriba Enhances its AI-Driven Liquidity Performance Solutions to Boost CFOs’ Financial Agility and Operational Connectivity

Business Wire
by Business Wire0
Kyriba App Studio, a new low-code platform, tackles ‘Liquidity Gridlock,’ simplifies API adoption, and streamlines ERP integrations Kyriba, a global leader in liquidity performance, announced today an AI-driven platform designed to enhance financial connectivity and operational agility for CFOs and their teams. Kyriba App Studio is a first-of-its-kind solution that......
BDO Survey Finds AI is Expected to Unlock More Efficient Audits, but Can't Replace Human Element
Finance Fintech News

BDO Survey Finds AI is Expected to Unlock More Efficient Audits, but Can’t Replace Human Element

Business Wire
by Business Wire0
Companies rely on advanced technology to bolster the audit process amid talent shortages and data management challenges Finance leaders believe technology can improve audit quality: Just over half of respondents anticipate technology will enhance audit quality (54%); however, finance leaders continue to place high importance on auditor industry knowledge and......
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.......
Saphyre and WTax: Pioneering the Future of Tax Reclaims
Fintech News Technology Trading

Saphyre and WTax: Pioneering the Future of Tax Reclaims

PR Newswire
by PR Newswire0
Saphyre, Inc., an industry award winning fintech company using patent-approved technology to solve pre-trade activities and post-trade issues, announces, in collaboration with WTax USA Inc, a revolutionary approach to tax reclaims that expects to redefine the industry standard. This strategic relationship leverages Saphyre’s cutting-edge technology and WTax’s extensive expertise to deliver an......
Digital Payments Finance Fintech Guest Posts Security

Future-proofing payments in the contactless era with SoftPoS

Brad Hyett
by Brad Hyett0
By Brad Hyett, CEO at phos Recent findings by UK Finance reveal the true extent to which payment technology has evolved in recent years, with a recent survey showing that an overwhelming 93% of card transactions in the UK are now contactless. This paints a clear picture; that a robust......
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