In the rapidly evolving landscape of banking technology, the integration of Artificial Intelligence (AI) into core systems presents a significant evolution towards digital transformation. As traditional banks grapple with the challenges posed by outdated legacy systems, a growing trend is the adoption of cloud-native platforms enhanced with AI capabilities. This shift is not just a technological advancement but also a
The continuous evolution of financial services has seen artificial intelligence (AI) emerge as a transformative force, set to revolutionize the payment industry in 2025. The integration of AI into payments addresses key needs such as fraud prevention, operational efficiency, and personalized customer experiences, despite the challenges of implementing these advanced technologies. This transformation is marked by its impact on fraud
In today’s fast-paced business environment, traditional budgeting methods that rely heavily on manual processes and spreadsheets often lead to inefficiencies, inaccuracies, and wasted resources. Automation in financial management is transforming how organizations handle their budgeting processes, significantly enhancing efficiency and accuracy. By leveraging cutting-edge technology, companies can now automate various aspects of budgeting, enabling them to focus more on strategic
This summer, as people gear up to travel, many are turning to alternative payment options to fund their vacations. However, these choices come with their own set of challenges. Here to share insights on this topic is Nicholas Braiden, a leading FinTech expert renowned for his work in blockchain and advising startups on financial technology. Can you tell us more
In the evolving landscape of fintech, Stockholm-based Froda has recently gained notable attention after successfully raising €20M in a Series B funding round. This fundraising effort was spearheaded by Incore Invest, with contributions from existing investors, marking a significant milestone for Froda’s expansion strategy. As countries across Europe grapple with a substantial €400B funding gap for small and medium-sized enterprises
Artificial Intelligence (AI) is significantly transforming corporate finance, turning it from a tool of automation into a strategic ally in financial decision-making. Real-world examples and insights from experts demonstrate AI’s influence across various financial functions like forecasting, modeling, risk management, capital allocation, and fraud detection. Finance professionals are watching their roles evolve with AI advancements. AI in Financial Forecasting and
Exploring the Unprecedented Impact of Autonomous AI Systems The financial sector is undergoing a transformative shift with the rise of agentic AI, a technology distinguished by its ability to operate independently without human intervention. By leveraging agentic AI, financial institutions are achieving new heights of efficiency and precision in decision-making processes. This analysis provides a comprehensive look at current developments,
Fortis, a leader in payment technology for software platforms and scaling businesses, recently strengthened its executive leadership team by appointing Brad Bialas as Chief Commercial Officer (CCO) and Kimling Lam as Chief Marketing Officer (CMO). These strategic hires are aimed at accelerating the company’s growth within the software and ERP ecosystem during a critical period of transformation and innovation in
Robotics and artificial intelligence (AI) are no longer concepts from a sci-fi movie; instead, they have become integral to modern work environments. This technological evolution has led to two primary viewpoints: fears of large-scale job losses and hopes for new opportunities that drive economic growth. By delving into the ways AI and robotics are merging into various industries, it becomes
Latin America’s fintech sector is at a pivotal moment, with embedded finance emerging as a game-changer. The region’s economic fluctuations have not deterred innovation; instead, they highlight resilience and significant potential for growth, especially in Brazil, Mexico, and Guatemala. FitBank is at the forefront of this transformation, pioneering new financial technologies and solutions. The Emergence of Embedded Finance in LatAm
The financial reporting landscape is undergoing a transformation marked by the integration of generative AI (GenAI) technology. These advancements are reshaping the financial close, consolidation, and reporting (CCR) activities, ushering in an era of enhanced efficiency and accuracy. Traditional manual tasks that consumed considerable time and were susceptible to errors are now being automated, making financial processes and reporting more
In a notable advancement for the hospitality technology sector, Los Angeles-based ROH has secured $9.2 million in a funding round led by Highgate Technology Ventures (HTV) and Acrew Capital. This capital boost aims to further develop ROH’s platform that automates payment workflows in hotel operations. This article delves into the implications of this funding, ROH’s unique solutions, and the broader
