Artificial Intelligence (AI) is revolutionizing many industries, and finance is no exception. From expediting loan approvals to enhancing fraud detection, AI is transforming how financial institutions operate. The potential of AI in finance is immense: Greater Efficiency: Automation leads to faster financial processing and reduced operational costs. Improved Decision-Making: By analyzing vast amounts of data, AI offers actionable insights that …
Continue readingIn 2024, the payments industry witnessed quite a whirlwind. Record-breaking travel and retail sales sums, the highest volume of ransomware attacks ever seen, and more. As we sail into 2025, it’s time to assess the trends and developments that will shape the payments landscape and outline what businesses need to do to stay ahead. The FTC’s “Click to Cancel” Rule …
Continue readingFor the past year, the financial landscape has revolved around two influential technologies: open banking and genAI. Open Banking has been a hot topic due to the evolving discussions triggered by the Consumer Financial Protection Bureau’s introduction of Rule 1033, which focuses on the ownership and control of customers and their data. Gen AI has been the other driving force, …
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