The financial sector is undergoing a transformative shift as the boundaries between traditional financial companies and companies from other sectors continue to blur. This evolution is driven by the expansion of traditional financial firms into new offerings and the entrance of non-financial companies into the financial services arena. In this article, we will explore the various ways in which these
In today’s world, offering seamless and convenient retail finance options has become essential for merchants to stay competitive and boost customer satisfaction. Divido Connect, a game-changing platform, has emerged as a pioneering solution that enables merchants to offer retail finance from a vast network of lenders across the UK and Europe. With its omnichannel capabilities, Divido Connect empowers merchants to
The world of cryptocurrencies has witnessed exponential growth in recent years, with millions of users actively participating in this exciting new market. However, acquiring meaningful insights from the vast amount of crypto data has been a significant challenge. London-based Generative AI startup, SuperSight, is on a mission to redefine the crypto data landscape with its revolutionary Large Language Models (LLMs).
The near-universal view of the last couple of years that embedded finance was going to imminently transform banking has given way to a lot of doubt and skepticism. However, despite current uncertainties, it is crucial to recognize that embedded finance has the potential to revolutionize the banking industry. The key lies in addressing the infrastructure and expertise gaps that currently
Neobanks, also known as digital banks or challenger banks, have disrupted the traditional banking sector using technology to provide innovative and customer-centric financial services. This article explores how neobanks have prioritized mobile banking, the concept of embedded finance, the broadening access to financial services, the role of personalization and data utilization, the importance of partnerships, the advantages and consequences of
In today’s increasingly digital world, the threat of fraud and scams looms larger than ever before. Over the past few years, advances in technology, particularly artificial intelligence (AI), have been exploited by cybercriminals, leading to a surge in fraudulent activities. This article delves into the growing concerns surrounding AI fraud and scams, the impact on users, the staggering monetary losses
In a move aimed at advancing the adoption of Banking-as-a-Service (BaaS) strategies and technologies, Treasury Prime proudly announces its membership in the BaaS Association. As a leading provider of a cutting-edge API platform, the company aims to revolutionize the banking industry and empower financial institutions and enterprises with modern, scalable, and secure embedded banking solutions. By joining forces with the
In recent years, the technologies of Artificial Intelligence (AI) and Robotic Process Automation (RPA) have gained significant attention and traction. Individually, both possess unique strengths that have reshaped various industries. However, when combined, they form an unstoppable force capable of revolutionizing the way businesses operate. This article delves into the potential impact of combining AI and RPA, exploring how this
When it comes to the financial industry, efficiency, accuracy, and compliance are of utmost importance. In recent years, hyperautomation has emerged as a powerful tool to streamline processes, reduce errors, and improve efficiency in the finance sector. By automating repetitive tasks, leveraging AI and ML algorithms, and integrating disparate systems, hyperautomation revolutionizes how financial institutions operate. In this article, we
The rise of embedded finance continues to reshape the financial industry, with financial institutions seeking innovative ways to reach customers through partnerships with diverse businesses. Weavr, a leading technology provider, is at the forefront of this revolution, launching their Embedded Finance Cloud platform. This powerful platform provides banks and financial institutions with the tools they need to create and distribute
As the financial advice market faces increased challenges in meeting consumer needs, the AI fintech company Aveni has released a new AI assistant called “Aveni Assist”, powered by GPT. The aim is to enhance the productivity of wealth and financial advisers by up to three times, which assists in supporting greater numbers of consumers while ensuring reliability and accuracy. Aveni
Artificial intelligence (AI) has transformed various industries over the years, and the financial sector is no exception. AI has revolutionized the way customers interact with their financial service providers through chatbots, personalization, and fraud prevention. However, despite AI’s advancements, consumers still have reservations about its adoption in the payment process. Consumer reservations about AI in payments According to a study
