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Temenos (SIX: TEMN), a global leader in banking technology, today shared insights from a worldwide survey conducted by Hanover Research, which gathered perspectives from 420 business and technology leaders in financial services on the transformative impact of Generative AI (GenAI) in banking. Improving operating efficiency is the most common reason banks are considering using GenAI….
Sift, the AI-powered fraud platform, today announced significant new product innovations following the recently unveiledIdentity Trust XD framework. The latest enhancements include the introduction of Global Identity Insights, along with substantial improvements to Sift’s payment fraud protection model and several Sift Console upgrades designed to streamline operations and improve decisioning accuracy across the platform. “Understanding user…
Capco announced a collaboration with OpenAI to accelerate AI’s transformative impact at the world’s top financial institutions. This collaboration combines OpenAI’s cutting-edge innovations with Capco’s financial services domain and GenAI expertise to deliver powerful solutions that help clients achieve transformative results. As part of its GenAI Infused strategy, Capco is leading by example in the…
Klarna, the AI-powered payments and commerce network, confirms Niclas Neglen and Markus Villig have joined the board of directors for Klarna Group PLC. Markus is the founder and CEO at Bolt, the global mobility platform. Since its 2013 inception, Bolt has grown to serve over 200 million customers and €2 billion of revenue. Markus is…
Transforms fragmented digital identity data into contextual insights for more accurate and effective fraud operations Sift, the AI-powered fraud platform, announced the launch of Identity Trust XD, an innovation for fraud and risk teams that delivers unprecedented visibility into digital identity behavior across multiple dimensions. The new offering accelerates more confident and accurate decisions powered…
As global sanctions and regulatory pressures intensify, Lynx’s AML Screening empowers financial institutions with pioneering AI to stay ahead of compliance challenges. Lynx Tech introduces its next-generation Anti Money Laundering (AML) Screening Solution, designed to help financial institutions identify high-risk individuals and entities with accuracy and speed. The rise of global sanctions, increased scrutiny of…
Socure, the leading provider of artificial intelligence (AI) for digital identity verification, compliance, and fraud prevention, today announced the launch of the company’s first AI-powered assistant for its Global Watchlist Screening and Monitoring solution. This industry-first AI-driven assistant transforms watchlist screening by drastically improving how organizations handle sanctions, politically exposed persons (PEP), and adverse media…
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) and solutions provider, is pleased to announce that Nambawan Super Limited (NSL), the largest superannuation company in Papua New Guinea, has successfully gone live with SmartStream’s Air application for AI data processing – to significantly improve data accuracy and operational efficiency. Before adopting SmartStream’s Air, NSL handled reconciliations…
Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence. The survey finds that 87% of respondents expect their organisation’s annual budgets for Know Your Customer Enhanced Due Diligence (KYC EDD) to increase over the next 12 months, with an average expected…
Unzer, a leader in payment and software solutions, is pleased to introduce its new AI-powered assistant, UnzerGPT. The new tool allows employees to utilize AI capabilities while ensuring strict data security and compliance. In addition to general AI usage, UnzerGPT has been trained with internal company data, allowing it to handle both general and internal…
Bitget, the leading cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. The official licensing now enables Bitget to offer a comprehensive suite of crypto services within Bulgaria, including the exchange, trading, transfer, custody, and public offering of crypto assets, as well as wallet services….
New research from PensionBee, a leader in the UK consumer retirement market, reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. 79% of respondents expressed preferences for a mix of human and AI interaction when managing their pension accounts, highlighting a strong preference for a hybrid approach. Making up that…
