Search Results for: financial transactions

Financial Institutions Struggle to Meet Customer Expectations in Fighting Authorized Transfer Scams, LexisNexis Risk Solutions Study Finds
Fintech News

Financial Institutions Struggle to Meet Customer Expectations in Fighting Authorized Transfer Scams, LexisNexis Risk Solutions Study Finds

PR Newswire
by PR Newswire0
Only 50% of organizations have confidence in their ability to stop scammers. Sixty-nine percent (69%) find it difficult to break a victim’s belief or trust in a scammer. Just four percent (4%) of FIs can alert customers to scams involving impersonation of financial services employees within 24 hours. LexisNexis Risk......
Galileo Financial Technologies Helps Fintechs Meet Demand for Fast, Secure Money Movement With Wire Transfer Capabilities
Finance Fintech News

Galileo Financial Technologies Helps Fintechs Meet Demand for Fast, Secure Money Movement With Wire Transfer Capabilities

Business Wire
by Business Wire0
Offering in-demand wire services enable fintechs to acquire and retain more customers Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc.  today announced it is arming fintechs with wire transfer capabilities, enabling them to better serve consumers and businesses by offering another option for fast, secure......
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Top Financial Technologies That Are Driving Easy Deposit Switching

Prajakta Ayade
by Prajakta Ayade0
New age financial technologies are revolutionizing the global banking industry, offering consumers unprecedented convenience and flexibility. One area where this transformation is particularly evident is in deposit switching—the process of transferring direct deposits and automatic payments from one bank account to another. Traditionally a time-consuming task, deposit switching is becoming......
Innovating Security: How FinVolution is Taking Next-Generation Technologies to Fight Deepfake-Driven Financial Crimes
Artificial Intelligence News

Innovating Security: How FinVolution is Taking Next-Generation Technologies to Fight Deepfake-Driven Financial Crimes

PR Newswire
by PR Newswire0
Deepfake technology, an artificial intelligence tool capable of generating convincingly fake audio and video, is increasingly being used to perpetrate financial crimes worldwide, raising serious concerns about sophisticated fraud. In a notable incident reported by CNN earlier this year, a finance worker was tricked into transferring $25 million during a video call with......
Wio Bank and Fiskl Embark on Groundbreaking Journey to Redefine Financial Management with AI
Artificial Intelligence Banking Finance Fintech News

Wio Bank and Fiskl Embark on Groundbreaking Journey to Redefine Financial Management with AI

EIN Presswire
by EIN Presswire0
Wio-Fiskl: Unleashing the Power of AI for UAE SME Accounting Wio, the region’s first platform bank, today announced a groundbreaking partnership with Fiskl, an AI global accounting platform, marking a significant step forward in advancing digital banking and AI-powered financial management solutions. This collaboration leverages Wio’s world-class banking APIs to......
Oscilar Launches Groundbreaking AI-Powered ACH Fraud Detection Solution Amidst Rapid Growth in ACH Transactions
Artificial Intelligence Fintech News

Oscilar Launches Groundbreaking AI-Powered ACH Fraud Detection Solution Amidst Rapid Growth in ACH Transactions

PR Newswire
by PR Newswire0
Oscilar, a leading provider of cutting-edge risk technology solutions to fintechs and financial institutions, today announced the release of its state-of-the-art AI-powered ACH Fraud Detection product. The solution identifies and prevents fraudulent transactions with unparalleled speed and accuracy by leveraging advanced machine learning algorithms, generative AI techniques, and real-time data......
ComplyCube Launches Trust Center with the Most Complete Compliance Posture in the Market
Artificial Intelligence Banking Digital Payments Finance Fintech Guest Posts Risk Management Security

Turning to AI to Address Financial Crime, Regulatory Compliance

Art Mueller
by Art Mueller0
By Art Mueller, vice president of financial crime, WorkFusion Financial crime is running rampant. According to the United Nations Office on Drugs and Crime, up to $2 trillion in illicit funds are laundered through global financial networks each year. Yet financial institutions are only able to intercept about one percent......
Unit21 Launches AI-powered Check Fraud Prevention & Investigation Features for Financial Institutions
Compliance management Fintech News

Unit21 Launches AI-powered Check Fraud Prevention & Investigation Features for Financial Institutions

Business Wire
by Business Wire0
This suite of four features prevents fraud loss before it reaches the FI and leverages AI, automating the check investigation process for banks and credit unions. Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, announced the launch of......
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Global Fintech Series Interview with Shantala Sadananda, President of Banking and Financial Services; Communications, Media, Entertainment; and Emerging Markets at Innova Solutions

Paroma Sen
by Paroma Sen0
Shantala Sadananda, President of Banking and Financial Services; Communications, Media, Entertainment; and Emerging Markets at Innova Solutions chats about the latest innovations defining digital wallets and payment trends across the global fintech landscape: Hi Shantala, tell us about yourself and your fintech journey… Thank you for having me! I’ve been......
New AI Copilot Plugin Is a Breakthrough for Financial Institutions, Transforming Existing, Siloed Systems in Seconds
Artificial Intelligence Finance Fintech News

New AI Copilot Plugin Is a Breakthrough for Financial Institutions, Transforming Existing, Siloed Systems in Seconds

PR Newswire
by PR Newswire0
A groundbreaking generative AI copilot plugin, launched by Lucinity at Money2020 Europe, delivers immediate ROI. The copilot plugin is system-agnostic, acting as one central copilot that can be used on top of all web-based enterprise applications, pulling data from any system including Customer Relationship Management (CRM) systems, case management systems, third-party vendors, and Excel documents.......
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