Tag : AI

Reeco Raises $15 Million Series A Round to Modernize Hotel Procurement with AI-Driven Procure-to-Pay Platform
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Reeco Raises $15 Million Series A Round to Modernize Hotel Procurement with AI-Driven Procure-to-Pay Platform

PR Newswire
by PR Newswire0
Funding will drive Reeco’s strategic growth initiatives as it streamlines back-of-house operations for North American hotels Reeco, the leading AI-driven procure-to-pay platform for the hospitality industry, announced it has secured $15 million in Series A funding. This investment will fuel the company’s strategic growth initiatives, including the accelerated advancement of the......
Despite Highly Manual Processes, Only 33% of Auditors Say They Use AI, Compared to 76% of Accounting and Finance Professionals
Artificial Intelligence Digital Payments Finance Fintech Investments News

Despite Highly Manual Processes, Only 33% of Auditors Say They Use AI, Compared to 76% of Accounting and Finance Professionals

Business Wire
by Business Wire0
A staggering 73% of auditors still spend more than half their time in spreadsheets, struggling with reconciliations, data extraction, and outdated workflows, according to new research by Trullion, an AI-powered accounting and audit platform. Despite the abundance of Excel-based, manual workflows, only 33% of auditors say they currently use AI.......
Artificial Intelligence Banking Finance Fintech Interviews

Global Fintech Interview with Tate Hackert, President and Co-founder of ZayZoon

Paroma Sen
by Paroma Sen0
Tate Hackert, President and Co-founder of ZayZoon chats about the nuances surrounding earned wage access in this fintech interview: ________ Hi Tate, take us through your fintech journey so far and tell us more about your role at ZayZoon? My journey into fintech began with the inception and creation of......
Fazeshift Secures $4MM Seed Round Led by Gradient to Automate Accounts Receivable with AI
Artificial Intelligence Digital Payments Finance Fintech Investments News

Fazeshift Secures $4MM Seed Round Led by Gradient to Automate Accounts Receivable with AI

Business Wire
by Business Wire0
Fazeshift looks to streamline and automate manual processes with AI agents Fazeshift, an AI agent for Accounts Receivable, raised $4M in seed funding led by Gradient, Google’s early-stage AI fund. The round also included investment from Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, Phoenix Fund, and prominent angels including Terrence......
Artificial Intelligence Compliance management Digital Payments Guest Posts Security

Here’s How to Assess the AI Vendors That Can Make Your Payments More Secure

Dorota Wrobel
by Dorota Wrobel0
It took a bit before the mainstream became accustomed to online payments, but it did. In 2023, over 70% of American adults used PayPal, and that number was significantly larger for younger generations and in geographies like Germany, UK, and France.  It’s a great evolution of tech – simple, convenient,......
Artificial Intelligence Banking Compliance management Featured Finance Fintech Payment gateways

Bridging the Gap Between Legacy Systems and Modern Fintech Applications with AI

Fintech Staff Writer
by Fintech Staff Writer0
The financial industry is undergoing rapid digital transformation, with modern fintech applications driving innovation in banking, payments, lending, and investment management. However, many financial institutions still rely on legacy systems—outdated but mission-critical software and hardware that underpin their operations. These legacy systems pose significant challenges, such as limited scalability, lack......
Insurity Appoints Sylvester Mathis as Chief Revenue Officer to Lead Strategic Market Expansion and Strengthen Customer-Centric Innovation
Cloud Finance Fintech News

Insurity Appoints Sylvester Mathis as Chief Revenue Officer to Lead Strategic Market Expansion and Strengthen Customer-Centric Innovation

Business Wire
by Business Wire0
With Mathis’s leadership, Insurity will capitalize on key market opportunities, including the demand for bureau-based managed services, emerging technologies, and data-driven decision-making Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, announced today that Sylvester Mathis has been appointed as Chief Revenue Officer. With 19 years......
Artificial Intelligence Finance Fintech Guest Posts Machine Learning

AI and Machine Learning: Transforming FP&A into a Strategic Powerhouse

Mark Bodger
by Mark Bodger0
By Mark Bodger, Director at ICit Business Intelligence AI is not just a tool; it’s a transformative force that empowers finance professionals to be more strategic, efficient, and impactful. Financial planning and analysis (FP&A) professionals are the backbone of financial decision-making in businesses today, transforming complex financial data into actionable......
ai1 Technologies Announces Release 1.0 of the AI - based Lending Suite to Revolutionize the FinTech Industry
Artificial Intelligence Fintech News

ai1 Technologies Announces Release 1.0 of the AI – based Lending Suite to Revolutionize the FinTech Industry

Cision PRWeb
by Cision PRWeb0
At Northeast Region Wholesale Lending Fair ai1 Technologies was proud to announce Release 1.0 of its AI/ML-based Fintech application suite for the lending industry. This innovative solution combines the first Secure AI Lending Agent Point of Sale (POS) data collection tool with pioneering Machine-Learning (ML) algorithms for automated loan scoring, predictive lending analysis and loan/credit origination......
EPAM Completes Strategic Acquisition of First Derivative, Enhancing AI and Data-Driven Solutions for Financial Services
Artificial Intelligence Fintech News

EPAM Completes Strategic Acquisition of First Derivative, Enhancing AI and Data-Driven Solutions for Financial Services

PR Newswire
by PR Newswire0
Strategic acquisition strengthens EPAM’s financial services delivery capabilities in North America, Europe and APAC, enhancing end-to-end services EPAM Systems, a leading digital transformation services and product engineering company, announced the successful completion of its acquisition of First Derivative, a Northern Ireland-headquartered managed services and consulting business for the capital markets industry with more than......
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