Brain Walker, Author at B2Bdaily.com

Robotic Process Automation In Fintech

How Has Close Brothers Enhanced RPA with Advanced Document Understanding?

Close Brothers, a well-established UK-based merchant banking group, undertook a transformative journey to enhance its Robotic Process Automation (RPA) initiatives. Initially focused on structured, rules-based processes, the challenges brought forth by the COVID-19 pandemic prompted the organization to incorporate Document Understanding capabilities. This shift enabled them to tackle unstructured input such as emails and documents, ultimately revolutionizing their process automation

September 10, 2024

Robotic Process Automation In Fintech

Can AI Unlock Real-Time Data for Finance Teams’ Strategic Success?

The growing interest in artificial intelligence (AI) in financial services is met with significant challenges as finance teams struggle to harness the potential of real-time data efficiently. There are enough hurdles faced by finance professionals and the expected benefits of integrating AI into their operations. A staggering 91% of finance professionals find it difficult to derive actionable insights from their

September 9, 2024

Embedded Finance

Credit Unions Leverage Embedded Finance for Financial Inclusion

Credit unions have long been committed to serving their members and communities, but significant numbers of individuals still lack access to traditional financial services. Despite credit unions’ best efforts, six million Americans remain unbanked, and globally, nearly 1.5 billion individuals face similar challenges. This widespread lack of access means millions are left dependent on costly alternatives, which severely hampers their

September 4, 2024

Robotic Process Automation In Fintech

AI Transforming DeFi: Enhancing Security, Trading, and User Experience

Artificial Intelligence (AI) has grown exponentially in recent years, offering advanced data analysis, predictive analytics, and automation tools with capabilities far surpassing human abilities. Concurrently, Decentralized Finance (DeFi) is revolutionizing how financial services are created, delivered, and consumed through the innovative application of blockchain technology. The convergence of AI and DeFi is not just significantly innovative; it is fundamentally transformative.

September 3, 2024

Robotic Process Automation In Fintech

AI Set to Transform Lending with Efficiency and Inclusivity in Focus

The banking sector stands on the brink of a transformative shift, as artificial intelligence (AI) is all set to revolutionize lending processes and promises to deliver increased efficiency while expanding access to capital. Despite the abundant potential of AI, only a minority of banks currently capitalize on this technology in their credit decision-making processes. This article delves into the current

August 27, 2024

Embedded Finance

Are Banks Ready to Embrace Embedded Finance and BaaS Solutions?

With the financial landscape rapidly shifting towards digital-first solutions, banks and financial institutions are at a crossroads, facing the imperative to adapt or risk falling behind. At the heart of this transformation lie embedded finance and banking-as-a-service (BaaS) solutions, poised to redefine conventional banking paradigms. As consumer behavior evolves and competitive pressure from FinTechs and Big Tech intensifies, the question

August 27, 2024

Robotic Process Automation In Fintech

Can Skyfire’s AI Payment Network Revolutionize Digital Transactions?

Skyfire’s newly launched payment network has positioned itself as a transformative force in the world of digital transactions. This innovative system aims to facilitate autonomous transactions among AI agents, large language models (LLMs), data platforms, service providers, and other goods and services. By providing secure wallet access, verifiable agent identity, and an open payment protocol, Skyfire is laying the groundwork

August 26, 2024

Robotic Process Automation In Fintech

Can Generative AI Meet High Expectations in Finance Analytics?

Chief financial officers (CFOs) are increasingly confronted with the challenges and opportunities presented by generative AI (gen AI) as they strive to optimize finance functions within their organizations. Gartner’s recently published Hype Cycle for Finance AI and Advanced Analytics provides valuable insights, guiding CFOs through the intricate landscape of AI and advanced analytics techniques critical to the finance sector. While

August 22, 2024

Embedded Finance

How Is Embedded Finance Transforming Consumer Financial Services?

The financial services landscape is experiencing a seismic shift, thanks to the rise of embedded finance. At its core, embedded finance refers to the integration of financial products and services into non-financial platforms and ecosystems. This transformation is not only streamlining how consumers access financial services but is also reshaping their expectations and interactions with financial institutions. As technology continues

August 21, 2024

Robotic Process Automation In Fintech

Unit21 Launches Advanced AI-Driven ACH Fraud Prevention Suite

As the financial industry embraces real-time payments, the frequency and sophistication of Automated Clearing House (ACH) fraud are escalating. In response, Unit21—a global leader in risk and compliance solutions—has introduced a cutting-edge ACH fraud prevention suite employing Generative AI (GenAI) and machine learning (ML) technologies. Rising Need for Robust Fraud Prevention Surge in ACH Transactions The swift rise in ACH

August 20, 2024

Robotic Process Automation In Fintech

How Is AI Transforming the Role of Financial Advisors?

Artificial intelligence (AI) is rapidly transforming various industries, enabling professionals to achieve greater efficiency and accuracy. In the world of financial advisory, AI is particularly making waves, enhancing the roles of financial advisors and revolutionizing client interactions. By integrating advanced AI functionalities into wealth management platforms, financial advisors can now offer more streamlined, data-driven, and personalized services to their clients.

August 19, 2024

Robotic Process Automation In Fintech

Generative AI Gains Momentum in Singapore’s Banking and Retail Sectors

The recent Visa Consumer Payment Attitudes Study reveals a significant rise in the awareness and adoption of generative AI (gen AI) in Singapore, particularly among younger generations. This emerging technological trend is rapidly influencing consumer behavior across banking and retail sectors, setting the stage for revolutionary changes in these industries. Gen AI, with its potential to enhance security, efficiency, and

August 19, 2024