Dimitry Senko Payment IT Consultant and Business Analyst at ScienceSoft USA Corporation
This article was co-authored with Stacy Dubovik, ScienceSoft's Financial Technology and Blockchain Researcher, and Alex Bekker, ScienceSoft's Head of Data Analytics Department. While bringing much-demanded speed and security into payment flows, virtual cards raise unique concerns associated with identity fraud and money laundering. Given the stri...
13 hours
Nicky Goulimis Co-founder at Tunic Pay
Imagine you are a fraudster swindling unwitting consumers out of their hard-earned savings. You'd have to agree, it's a good time to be in business. Most banks don't spot you before you complete the scam. They are powerless to stop you. And they haven't a hope of tracking you down once the money reaches you. Official statistics tell us that 250,0...
18 October 2024 /payments /crime Fintech
Matt Riggall Head of Commercial Lending Vertical, Cap. Markets at FIS
The future of work for commercial banking RM's is set to be transformed by the integration of generative AI agents. As the financial services industry evolves, AI will become an essential tool, automating tasks and enhancing productivity. Here’s how AI will revolutionize key activities for RM's: Portfolio Management: AI agents will help relations...
18 October 2024 /ai /wholesale
Anthony Pickup Consultant at Capgemini Invent
Globally, there needs to be a new way to tax vehicle usage to encourage sustainable road transportation. This article suggests a new model that is fair to all and gives all types of vehicle manufacturers incentives to make vehicles more sustainable. i.e. vehicles should only be replaced when they are no longer viable. Currently, petrol and diesel ...
18 October 2024 /payments /predictions Going green
Konstantin Rabin Head of Marketing at Kontomatik
These days, people are thinking differently about investing, thanks to a new movement of young investors. According to a recent study by Bank of America (BofA), many young people, especially those from Generation Z and millennials, are moving away from traditional stocks and choosing alternative investments like cryptocurrencies and private equity...
18 October 2024
Ankit Patel Marketing/Project Manager at XongoLab Technologies LLP
Imagine you’re using a mobile app to order food, pay bills, or chat with friends. You enter personal details like your name, address, or payment information without a second thought, trusting that your data is safe. But while you enjoy the convenience, cybercriminals are always looking for ways to steal that valuable information. With so much of o...
18 October 2024 /ai Artificial Intelligence
Andrew Abraham Global Managing Director of Data Quality at Experian
Amidst the rapid evolution of artificial intelligence technologies, the transformative potential of Generative AI is becoming increasingly evident. In fact, we believe it could contribute up to £120 billion annually to the UK economy over the next decade. We recently collaborated with techUK to talk about this potential GenAI can bring and h
18 October 2024 /ai /predictions
Shiv Nanda Content Strategist at https://www.financialexpress.com/
Conversational AI is transforming customer interactions within the banking sector. By automating communication and personalizing user experiences, banks are adopting AI-powered chatbots, voice assistants, and other tools to streamline services. While the potential is vast, the technology also presents challenges. This article explores four major c...
17 October 2024 /ai Banking
Penny Townsend Co-Founder & CPO at Qualpay
In a world where businesses fiercely compete for customer attention and trust, cultivating loyalty has become more challenging than ever. While many companies focus on marketing strategies, product innovation, and superior customer service to win loyalty, one often overlooked factor can make a significant difference: transparent payment reconcilia...
17 October 2024 /payments
Pankaj Gupta Manager Data Engineering at Discover Financial Services
In today's digital landscape, where transactions occur instantaneously, ensuring security has become a top priority for businesses. One innovative method gaining momentum in fraud detection is the use of geolocation data. By employing advanced data engineering techniques, organizations can effectively harness geolocation information to identify an...
17 October 2024 /ai /crime Banking Strategy, Digital and Transformation
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