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Risks Associated With the Integration of Deficient Chatbots
Summary Introduction Chatbot use in consumer finance Exclusive industry insights Use of large language models and AI Growth and adoption in the financial industry Problems consumers encountered while engaging with chatbots Technical limitations and associated security risks The perils of implementing flawed chatbots Conclusion Introduction Chatbots are computer programs that......
How AP Automation Works To Streamline Your Business?
We often hear from businesses that want to improve their AP procedures that automation is “too expensive and takes too long to get running.” Accounts payable automation and enabling electronic payments on the proper platform really provide a low barrier to entry, significant rewards, and a short return on investment......
Chimoney’s Vision for Economic Empowerment: Bridging the Financial Gap for the Unbanked
Bridging the Financial Divide: Chimoney Pioneers Global Payouts for the Unbanked Population In the age of digital payments and online transactions, millions of people around the world still find themselves excluded from the global financial system. The unbanked population, those without access to traditional banking services, face significant challenges in......
Big Finance, Bigger Challenges: The Elusive Journey Towards AI and Digital Mastery
The buzz around AI is pervasive, compelling financial institutions across all sectors to swiftly adopt its applications. However, given the global economy’s continued volatility and the challenges many companies face with digital transformation, there’s a compelling argument for caution. Moreover, it’s crucial to emphasize that a solid data strategy should......
Fintech Qbit Used Innovation-Driven Approach to Reimage Global Payments
Qbit, a fintech company focuses on cross-border payments, continues to innovate its product stack to deliver unique financial operating solutions for businesses of all sizes in the past 4 years. Over 12,000 businesses worldwide tap into its suite of products, including global pay-in and pay-out, virtual credit card, supply chain......
Shopmium Launches Venmo Integration to Make Cash Back Even Easier for Shoppers
New offering gives consumers the power of choice with an alternative method to earn cash back and simplify savings on everyday purchases Shopmium, a free app giving consumers exclusive cash back offers for everyday purchases, whether shopping in-store or online, announced the launch of its Venmo integration to expand its......
GoCardless and Xero Renew Partnership to Help Small Businesses Navigate Tough Economic Times
GoCardless, the bank payments company, has announced it is renewing its strategic partnership with Xero, the global small business platform, for another five years. The agreement builds on a long-term relationship which started in 2016, focused on helping small businesses get paid faster. For GoCardless this also represents a doubling down......
Stearns Bank Announces Nonprofit Banking Solutions
New suite of banking services specifically designed for nonprofits Stearns Bank N.A. recently launched its Nonprofit Banking Solutions, a suite of customized banking services and financing options designed specifically to meet the unique needs of nonprofits. Stearns Bank’s Nonprofit Banking Solutions was developed to benefit its fast-growing, diverse nonprofit customer base......
Rising Threat of AI-driven Fraud
AI is rapidly evolving to benefit almost every aspect of our lives. Unfortunately, that includes the lives of criminals. Thanks to widely available AI programs with the power to both create and alter content, fraudsters now have a range of tricks up their sleeves. They use them in simple or......