1376 Results from 2022
Stan Cowan
New fraud cases and scams are increasing faster than ever. Over 70% of finance professionals reported that their institution suffered from payment attacks in 2021. Consumers alone lost $5.8 billion to scams. As a result, financial institutions (FIs) have found themselves facing new anti-fraud legislation and imposing stricter controls. The probl...
15 December 2022 /payments /crime Financial Risk Management
Jacob Katz Detroit Leader of Valuations Practice at UHY Advisors
If you or an advisor must file a Form 706 with the IRS to report estate or generation-skipping tax, understanding the IRS’ allowance for use of an Alternative Valuation date may be critical during a declining stock market or a recessionary period. Generally, those estates filing a Form 706 must do so within nine months of the death of the estate o...
15 December 2022 /wealth
Yuriy Gnatyuk COO at Kindgeek
Cutting-edge technologies have become an essential part of the financial sector. Given their vast outreach and the enormous number of benefits, more and more market players embrace fintech, so the industry grows and develops impressively day after day. A remarkable milestone in fintech has become the deployment of artificial intelligence algorithms...
15 December 2022 /retail /wholesale Artificial Intelligence and Financial Services
Arun Poojari Co-Founder and CEO at Cashinvoice
As of August 2022, India's total export tally is estimated to have reached USD 57.47 billion, exhibiting a growth of 6.75% over August 2021. Micro, Small, and Medium Enterprises (MSMEs) contribute significantly to this number. With over 63 million MSME firms spread across the country, the Indian MSME sector contributes 40% of the country’s total ...
15 December 2022 /startups /inclusion Financial Supply Chain
Rowan Brewer CEO at Paymentology
Global success for banks and fintechs has never been so paramount amid economic uncertainty and geopolitical issues. Success is influenced by a multitude of factors, but there are three key characteristics that, to me, are the most important. To ensure your business thrives on a global level in 2023, proactivity, customer focus, and diversity are ...
15 December 2022 /payments /inclusion Payments strategies 2015-2020-2030
Retired Member
We have been applying analytics, artificial intelligence (AI) and machine learning (ML) to fraud prevention solutions for over 20 years. Over this time, the financial services sector has completely transformed, with firms seeking to move away from siloed and disjointed datasets, rapidly digitising and turning to the cloud. But how has this impac...
14 December 2022 /security /crime Artificial Intelligence and Financial Services
Sean Salloux CEO at Sentinel Digital
The digital revolution is showing no signs of slowing. Today, more and more industries, including real estate, music, healthcare, banking, and even gold and silver are adopting digitization to meet user needs. In modern society, the transition to a fully-digital world is well underway. In the next year, it’s forecasted that 93 percent of people wi...
14 December 2022 /payments /crypto Fintech
Claus Christensen CEO at Know Your Customer
Following a seminal ruling from the EU Court of Justice in November, the journey towards greater corporate transparency recently encountered a stumbling block. As further developments remain uncertain, what options are available to compliance teams and members of the public looking to access official beneficial ownership information across jurisdi...
14 December 2022 /regulation /crime RegTech
Transaction banking needs bringing into the 21st century. By starting with core banking platforms, banks can rethink how they operate for good, building closer ties with their clients. This blog outlines five key trends: 1. Batch is a burden Consumers expect to check their bank account balances in real time; corporate treasurers want the same fo...
14 December 2022 /cloud /predictions Treasury Management
Lukas Dvorak Data Science & AI Professional at Profinit EU
AI/ML solutions can be used to help companies assess the needs of their customers more effectively using behavioral microtargeting; address those needs through personal and relevant offerings; and significantly increase their conversion rates for their offerings (e.g. consumer loans). Developing data solutions for financial institutions is somewh...
14 December 2022 /retail /predictions Artificial Intelligence and Financial Services
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