Brain Walker, Author at B2Bdaily.com

Robotic Process Automation In Fintech

The Transformative Power of Finance Automation: Streamlining Accounting Processes for Enhanced Efficiency and Security

In today’s fast-paced business environment, traditional accounting processes often pose significant challenges for Accounts Payable (AP) departments. Slow processing times, the risk of fraud, overdue payments, higher processing costs, and human error can hamper financial operations, hindering organizations from achieving optimal efficiency. However, with advancements in technology, finance automation using machine learning and artificial intelligence (AI) offers a solution to

August 14, 2023

Robotic Process Automation In Fintech

Reserve Bank of India Unveils Ambitious Fintech Plans: AI-Powered Conversational Payments and Seamless Information Flow for Lenders

The Reserve Bank of India (RBI) has recently announced a series of strategic initiatives aimed at advancing fintech developments and promoting financial inclusion in the country. These innovative plans focus on incorporating AI-powered “conversational” payments into the Unified Payments Interface (UPI) system, enabling offline payments through NFC technology, and streamlining access to credit appraisal data. Additionally, a digital platform is

August 11, 2023

Robotic Process Automation In Fintech

Addressing the Security Risks of AI in the Banking Industry: Safeguarding Against Vulnerabilities

The banking industry has quickly embraced the potential of Artificial Intelligence (AI) to revolutionize its operations and customer experience. With the ability to analyze vast amounts of data and automate complex processes, AI has become a game-changer for banks. However, with its immense power comes certain risks that need to be mitigated to ensure the safe and secure implementation of

August 10, 2023

Robotic Process Automation In Fintech

Transforming Web3 Adoption: The Microsoft and Aptos Labs Partnership in Leveraging AI and Blockchain

In a groundbreaking collaboration, Microsoft has joined forces with Aptos Labs to leverage artificial intelligence (AI) and blockchain technologies, driving the adoption of Web3. With the objective of democratizing blockchain use and enabling innovation, this partnership aims to pave the way for a new era of the internet. By combining Aptos Labs’ cutting-edge technology with the power of Microsoft Azure’s

August 10, 2023

Robotic Process Automation In Fintech

Revolutionizing Digital Banking: An In-depth Look at Alkami’s Engagement AI Model

Alkami Technology, Inc. has recently developed and launched an innovative Engagement AI Model as part of its AI Predictive Modeling solution. This cutting-edge model combines artificial intelligence (AI), machine learning (ML), and Alkami’s proprietary Key Lifestyle Indicators® (KLIs) to identify account holders who exhibit behaviors most likely to lead to retention and account growth. This groundbreaking development is set to

August 9, 2023

Embedded Finance

Revolutionizing Payments: Fintech Giants Rise with the Buy-Now-Pay-Later Trend

The world of fintech is witnessing a seismic shift as Buy Now Pay Later (BNPL) payments gain unprecedented popularity. Companies like Block, owner of Afterpay, and PayPal are reporting sharp increases in the volume of BNPL transactions. The leaders at these fintech giants see BNPL as a critical connector to future growth, highlighting the immense potential that lies within this

August 8, 2023

Robotic Process Automation In Fintech

Rho Unveils AI-Powered AP Automation Capabilities to Revolutionize Financial Operations

Rho, a leading technology company, has recently announced its groundbreaking artificial intelligence (AI)-powered accounts payable (AP) automation capabilities. These innovative features are set to be integrated into the company’s all-in-one finance platform later this month, revolutionizing the way businesses handle their financial operations. AP Automation Capabilities: Streamlining Workflows and Enhancing Efficiency With Rho’s new AP automation capabilities, customers can now

August 3, 2023

Embedded Finance

HSBC and Tradeshift Embark on $35M Joint Venture to Revolutionize Financial Services

In a move to enhance its digital offerings and improve working capital flow across supply chains, HSBC has invested $35 million in supply chain finance company Tradeshift. This investment is part of a larger funding round that is expected to raise a minimum of $70 million from HSBC and other investors. The ultimate aim is to establish a new joint

August 3, 2023

Embedded Finance

Embracing Embedded Finance: A Path for Traditional Financial Institutions to Stay Relevant in the Digital Age

In an evolving digital landscape, embedded finance has emerged as a transformative concept, allowing agile fintech players and platforms like Shopify to seize ownership of the customer relationship. This shift has urged traditional financial institutions to reassess their positions, as they face relegation to low-margin utility roles. However, thoughtfully embracing embedded finance presents an opportunity for these institutions to reinvent

August 2, 2023

Robotic Process Automation In Fintech

Embracing Generative AI in Banking: Revolutionizing the Industry and Balancing Human Intelligence

Generative artificial intelligence (AI) has rapidly emerged as a pivotal topic in today’s world, offering transformative potential for various sectors. In the banking industry, the significance of embracing generative AI is becoming increasingly apparent. With its ability to revolutionize banking functions, financial institutions must carefully consider the risks and rewards associated with this revolutionary technology. Citi CEO’s Perspective: Recognizing the

August 2, 2023

Robotic Process Automation In Fintech

Riding the Wave of Economic Uncertainty: Afiniti’s AI Revolution in Lending and Contact Center Operations

Contact centers have become the front line of support for customers facing financial stress. These interactions with financial institutions can often be challenging for both customers and agents, especially when it comes to collections. In this article, we will explore how Afiniti, an AI company, has revolutionized contact centers by using AI technology to improve customer interactions and ensure a

August 1, 2023

Embedded Finance

The Rise of Embedded Finance: Navigating Challenges and Unlocking Opportunities for Gen Z

Embedded finance, a rapidly growing sector in the financial industry, refers to the seamless integration of financial services into non-financial platforms and experiences. As the digital economy continues to evolve, embedded finance is poised to revolutionize how consumers interact with financial products and services. According to EY estimates, the market size of global embedded finance is projected to expand from

August 1, 2023