Tag : finance industry

Finastra simplifies trade finance with AI-powered assistant using Microsoft Azure OpenAI Service
Artificial Intelligence Digital Payments Finance Fintech News

Finastra simplifies trade finance with AI-powered assistant using Microsoft Azure OpenAI Service

PR Newswire
by PR Newswire0
Assist.AI boosts efficiencies and bridges the knowledge gap in trade finance, enabling banks to focus on strategic projects Finastra today announced the launch of Assist.AI, an AI-powered assistant designed to enhance the trade finance operations within its Trade Innovation solution. The tool, built on architecture powered by Microsoft Azure OpenAI......
Finance Fintech Guest Posts Payment gateways Risk Management

GenAI in Fintech: Mitigating Risk and Maximizing Value

Gaurav Passi
by Gaurav Passi0
According to Thompson Reuters, more than one-third of professionals in regulated industries are hesitant about GenAI, and nearly half have no plans to use the technology. While GenAI has enormous potential to revolutionize the way we all work, this uneasiness is perfectly logical, especially for the finance industry. GenAI hallucinations......
Compliance management Finance Fintech Guest Posts

Complaint Management and Compliance: Where AI and the Human Touch Coalesce in Fintech

John Sun
by John Sun0
The finance industry has officially entered the era of artificial intelligence (AI), with nearly two in every three Americans indicating that they want more AI embedded into their financial services. Today, fintech companies are using AI for everything from fraud detection, to credit scoring, to automating tasks and customer support.......
Artificial Intelligence Banking Finance Fintech Guest Posts Investments

Going Green: It’s Time to Fix Financial Services’ Carbon Footprint

Leslie Kanthan
by Leslie Kanthan0
By Dr. Leslie Kanthan, CEO and Co-founder, TurinTech Enterprise technology is a big contributor to carbon emissions in most major sectors, and financial services is no exception. For example, according to McKinsey’s 2022 report The green IT revolution: A blueprint for CIOs to combat climate change, financial services’ IT technology......
AI Will Not Replace Auditors, But Empower Them
Artificial Intelligence News

AI Will Not Replace Auditors, But Empower Them

PR Newswire
by PR Newswire0
DataSnipper, the leading intelligent automation platform for audit and finance professionals, today released its new AI Report 2024. This in-depth report explores the transformative impact of artificial intelligence on the audit and finance industry, providing a comprehensive analysis of how AI is revolutionizing workflows, enhancing productivity, and improving job satisfaction across......
Fuse Integrates With Informed.IQ to Automate Verifications and Fraud Detection Using AI
Artificial Intelligence Finance News

Fuse Integrates With Informed.IQ to Automate Verifications and Fraud Detection Using AI

Business Wire
by Business Wire0
Informed.IQ, the fastest growing technology supplier of AI verification software to the finance industry, and Fuse, a next-generation loan origination system (LOS), announced they’ve launched an integrated solution that powers streamlined verifications and fraud detection for financial institutions. “This integration marks a significant milestone in our mission to revolutionize software......
New Research on AI in Mortgage Finance Identifies Opportunities to Advance Racial Equity in Homeownership, Pitfalls to Avoid
Mortgage News

New Research on AI in Mortgage Finance Identifies Opportunities to Advance Racial Equity in Homeownership, Pitfalls to Avoid

GlobeNewswire
by GlobeNewswire0
FHLBank San Francisco and Urban Institute collaboration delves into evolving role of AI in mortgage finance industry, issues recommendations for pursuing equitable outcomes The Black-white homeownership gap is wider than it was in 1960, sitting at nearly 30 percentage points, and the rapid adoption of Artificial Intelligence (AI) puts the......
Wolters Kluwer Shares Expertise on Digitized Lending to Bolster Equipment Lease and Financing Processes
Lending News

Wolters Kluwer Shares Expertise on Digitized Lending to Bolster Equipment Lease and Financing Processes

Business Wire
by Business Wire0
 Digital transformation of paper processes critical for optimizing the customer experience In a space that has experienced a considerable level of digital transformation in recent years, equipment lease and financing firms continue to persist in an over-reliance on paper processes for a number of customer-related transactions. Given increasing customer demand......
Arkifi Emerges from Stealth, Building Factual and Trustworthy Tools with Generative AI for the Finance Industry
Artificial Intelligence Finance News

Arkifi Emerges from Stealth, Building Factual and Trustworthy Tools with Generative AI for the Finance Industry

Cision PRWeb
by Cision PRWeb0
Arkifi raised over $9 million in a seed round co-led by Nyca Partners and Khosla Ventures. The company was founded by former employees of Khosla Ventures, JP Morgan, and Bridgewater Arkifi.ai emerged from stealth with $9 million in seed financing co-led by Khosla Ventures and Nyca Partners, with participation from Soma Capital,......
Green RWA and Finastra Unveil a New Platform for Climate Risk Management
Banking Finance News

Green RWA and Finastra Unveil a New Platform for Climate Risk Management

PR Newswire
by PR Newswire0
The CERM Sandbox enables banks to better understand and manage climate risks in lending portfolios Finastra, a global provider of financial software applications and marketplaces, and Green RWA, a pioneering association in climate transition, announced the launch of the Climate-Extended Risk Model (CERM) Sandbox. The new platform offers an interactive and......
1