The year 2023 highlighted the urgent need for KYC (Know Your Customer) automation and effectiveness, especially in volatile markets. Financial institutions faced significant challenges due to manual processes, prompting a shift towards innovative solutions. Optimizing data strategy and focusing on relevant attributes have become critical in navigating the financial landscape efficiently, ensuring optimal outcomes and...Read More
Artificial Intelligence (AI) has been the focal point in discussions around innovation for many years, to the point where it is easy to be complacent when listening to how it will transform a sector. However, firms cannot afford to skip out on the latest advancements within AI as its rapid innovation is transforming the way...Read More
The latest study from Spendesk, a comprehensive spend management solution catering to SMEs, reveals significant insights into the burgeoning AI sector, particularly its impact on European small and medium-sized businesses (SMBs). The study, surveying European companies, focuses on business expenditure related to AI tools. It highlights a notable increase in both the total spending and...Read More
Greenomy recently took the opportunity to explain AI’s transformative role in streamlining ESG reporting for corporates. The Corporate Sustainability Reporting Directive (CSRD) presents unique challenges for corporations across and beyond Europe. With complex requirements like gap analyses and Double Materiality Assessment, mastering these intricacies demands significant expertise. Recent statistics show only 23% of businesses have started...Read More
One technology that has without a doubt caught fire in 2023 is artificial intelligence. The debut of OpenAI’s ChatGPT Generative AI platform earlier this year has offered a springboard for new companies to innovate and disrupt the financial market like never before. During the recent AI in Financial Services Forum in London, key industry experts...Read More
US fraud volumes and losses continue their alarming annual increase, exacerbating an already worrisome trend in the financial sector. A new study, released jointly by PYMNTS and HAWK:AI, a leader in enterprise financial crime prevention software, points to the urgent need for innovative technologies to battle this growing menace. The report, titled “Increasing Fraud Heightens...Read More
Talk of artificial intelligence was once an exciting prospect. The idea of bringing a hallmark of sci-fi fantasies into the real world sparked a lot of enthusiasm. While systems might not quite be on the same level as HAL from 2001: A Space Odyssey, the technology has brought a lot of changes to how businesses...Read More
It has been said AI is not a silver bullet to all the insurance industry’s shortcomings. So, what’s all the chatter about? Where is it best suited, and what (if any) are its limits? Artificial intelligence, although not new, has the potential to transform the insurance industry. As a centuries-old industry however, insurance is often...Read More
In a constantly evolving and fast-paced world, the need for insurance companies to be adaptable to changing risks has never been greater. According to InsurTech Akur8, AI is bringing this capability, allowing insurers across the board to remain in control. Founded and headquartered in Paris, Akur8 began with a small team of data scientists with one...Read More
Inspired by advances in machine vision, neural networks and the new possibilities for AI systems, two computer science graduates formed a team of researchers and engineers at Tractable to explore the real-world opportunities of applying deep learning to image classification. Tractable was founded in 2014 after Alex Dalyac and Razvan Ranca formed a team of...Read More
