Financial Services Archives | Page 84 of 110

Robotic Process Automation In Fintech

Revolutionizing Financial Services: The Impact of Vertical AI Technology

In the evolving landscape of financial technology, one trend that increasingly stands out is the rise of vertical AI technology. Unlike generic AI systems, vertical AI is specifically designed to address the intricacies and unique requirements of certain industries, notably banking and financial services. This specialized form of AI leverages deep domain-specific knowledge alongside standard AI frameworks, creating context-aware solutions

February 19, 2025

Embedded Finance

BNPL Adoption Surges With Bank Partnerships and Credit Score Impact

The financial landscape is undergoing a transformative shift with the rapid adoption of Buy Now, Pay Later (BNPL) services among consumers and financial institutions. As a payment option that allows customers to purchase goods and then pay for them in installments, BNPL is gaining significant traction due to its convenience and strategic partnerships with banks. This trend is not only

February 19, 2025

Digital Lending / Digital Payments

Is the Mastercard and Tamara Virtual Card Revolutionizing UAE Payments?

Mastercard has joined forces with the GCC fintech platform Tamara to launch a virtual card in the UAE, aiming to enhance the split payment landscape. This collaboration enables Mastercard to solidify its presence in the flexible payment and lending arenas, offering cardholders the option to divide payments at checkout. According to a report by Ken Research, the transaction value of

February 19, 2025

Embedded Finance

How Can Open Banking Revolutionize the Financial Services Industry?

Open banking, a transformative system that allows third-party financial service providers to access consumer banking data, has the potential to fundamentally reshape the financial services landscape. Originating in the United Kingdom in January 2018 under the European Commission’s second Payment Services Directive (PSD2), this initiative aimed to foster competition within the banking industry, provide consumers with more options, and introduce

February 19, 2025

Robotic Process Automation In Fintech

How Will AI Transform Credit Risk and Fraud Prevention by 2025?

Artificial intelligence (AI) is anticipated to significantly influence financial services firms’ strategies for credit risk decisioning and fraud prevention in 2025, according to Provenir’s recent survey of 200 financial service decision-makers worldwide. Nearly half of the executives surveyed report struggles with managing credit risk and fraud detection. Over half plan to invest in AI and risk decisioning solutions by 2025

February 19, 2025

Robotic Process Automation In Fintech

Is GenAI the Future of Banking or a Risky Bet for Financial Leaders?

The deployment of generative artificial intelligence (GenAI) in the banking sector has sparked a debate between premature adoption and excessive caution. Banks, both traditional and challenger, are navigating this complex landscape to harness the potential of GenAI while mitigating risks. This dynamic exposes the broader tension within the financial industry: the need to innovate to remain competitive while ensuring that

February 19, 2025

Cyber Security

Third Data Breach Exposes 12 Million Accounts at Zacks Investment Research

In a disconcerting development within the financial services sector, Zacks Investment Research, a well-known stock research and analytics firm, suffered its third data breach in four years, putting around 12 million accounts at risk. The most recent breach, which became public on BreachForums by a user named “Jurak,” compromised an extensive array of sensitive information including email addresses, IP and

February 19, 2025

Robotic Process Automation In Fintech

Financial Services’ AI Revolution: Paving the Future of Banking and Finance

A bold wave of transformation is sweeping across the financial services sector as companies gear up to invest heavily in artificial intelligence (AI). Nearly all management teams plan to bolster their infrastructure spending, driven by the need for enhanced operational efficiency, a competitive edge, and improved customer experiences. This surge in investment is about more than just acquiring cutting-edge technology—it’s

February 18, 2025

Robotic Process Automation In IT

The Evolution from RPA to Autonomous AI Agents in Modern Enterprises

In the ever-evolving landscape of technology, enterprises are witnessing a monumental shift from traditional Robotic Process Automation (RPA) to the groundbreaking field of autonomous AI agents. This transformative journey is not only reshaping industries such as financial services, retail, and manufacturing, but also fundamentally altering the way businesses operate. The advancements in Artificial Intelligence (AI) technology, particularly in the realms

February 18, 2025

E-Commerce

EBANX Secures In-Principle Approval for Major Payment Institution License

In a significant leap for its global payment reach, EBANX, a leading global Payment Service Provider (PSP) focusing on emerging markets, has secured an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval positions EBANX Pte. Ltd. to offer cross-border money transfers and merchant acquisition services in Singapore, considerably enhancing

February 18, 2025

Fintech Blockchain

Ziglu Secures £5M Funding, Plans European Expansion and New Investments

In a significant move that underscores the growing confidence in cryptocurrency ventures, UK-based cryptocurrency business Ziglu has secured £5 million in funding, which raises its overall valuation to an impressive £45 million. Founded by former Starling Bank co-founder Mark Hipperson, Ziglu caters to British customers by offering a range of financial services, including the ability to buy, sell, and earn

February 18, 2025

AI and ML

EDB Expands Partner Program to Boost AI Solutions with Postgres Integration

In an increasingly data-driven world, enterprises are continually searching for robust data management platforms that effectively support AI-driven innovation. Addressing this critical need, EnterpriseDB (EDB) has announced an expansion of its Partner Program to foster global growth in PostgreSQL (Postgres) and artificial intelligence (AI) solutions. This enhancement is particularly significant given that 35% of businesses are already seeking enterprise-grade Postgres

February 18, 2025