Search Results for: industry trends
The Fintech Revolution: Accelerating Bank Performance In The Dynamic Landscape Of 2023
“Banks can partner with fintech to build an ecosystem where the size of the pie grows for the banks and third parties.” – Mike Henry, Scotiabank Banks need to heavily invest in fintech solutions and implement digital strategies to keep up with the ever-changing competitive landscape. This blog has highlighted that......
ACI: APP Scams Emerge as a Payments Fraud Threat with Fraudsters Changing Tactics
According to ACI’s 2023 Prime Time for Real-Time report, the top three fraud tactics in 2022 are Authorized Push Payment (APP) scams, card fraud, and identity theft, with APP scams being the number one fraud tactic One in every five global consumers surveyed in 2022 said they fell victim to......
Capitola Introduces GPT Technology into its Commercial Insurance Platform
New Cutting-Edge Artificial Intelligence Capabilities Offer Brokers Unparalleled Productivity Enhancements to Improve Efficiency and Speed Time-to-Revenue Capitola, the digital marketplace for commercial insurance that connects brokers and carriers, announced the introduction of GPT technology into its commercial insurance platform. The new “Capitola Co-Pilot” artificial intelligence (AI) capabilities harness the power......
Finsemble and Glue42 Merge to Become interop.io, the Interoperability Powerhouse for Capital Markets and Beyond
Finsemble and Glue42 announce the two firms have merged, bringing together the best in desktop interoperability technology and automated workflows. The merger positions the new firm, interop.io, as the industry leader in interoperability for capital markets and beyond. Latest Fintech News: Software AG and Konsentus Sign Global Open Banking Partnership interop.io......
Six Ways Fraudsters Are Using Generative AI to Commit Fraud
Generative artificial intelligence (AI) has already had a pervasive impact on our lives, with many experts sharing their opinions on the technology’s industry changing commercial potential and how it might be used in future. I recently shared my thoughts on how the technology would change the payments industry, but while there are......
Wolters Kluwer Compliance Expert Shares Insights on Digital Lender Priorities in a Down Market
Lenders continue steady, incremental progress in building their digital lending programs In an economy marked by high interest rates and the expense of fully digitizing, it comes as no surprise that digital lending has moved down most lenders’ priority lists But despite lenders’ increased emphasis on cost control, finding new......
Financial Frauds and Digital Safety Continue to Hound Banks
Online fraud and financial crime prevention platform, SEON has released its latest ‘Global Banking Fraud Index’, which analyzes the cost of fraud to banks and other financial institutions around the world in 2023. Notably, the new review by SEON highlights the following: The value of the global neobank market......