In the race to adopt and advance artificial intelligence (AI), it’s easy to get caught up in the technological capabilities and buzzword bingo and lose sight of what truly matters: the impact on humans and our everyday lives. AI should break down barriers to financial services, not create new walls As financial institutions worldwide rush…
By Gloria Methri As President Donald Trump begins his second term, the banking and FinTech sectors are preparing for regulatory changes that could significantly impact AI-driven innovation in financial services. With a likely shift toward a more flexible regulatory stance, banks and FinTechs may find new opportunities to grow, innovate, and compete in an evolving…
The evolution of partnerships between banks and financial technology (‘FinTech’) companies is facilitating the widespread adoption of advanced technologies, including artificial intelligence (‘AI’), machine learning (‘ML’) and Generative AI (‘GenAI’) in the financial sector. These innovations enable financial institutions (‘FIs’) to significantly improve operational efficiency, by enhancing risk management, fraud detection and customer engagement. Regulatory…
Transforming the financial services sector in Africa with 4IR technologies Despite the prevailing narrative that Africa is falling behind in the Fourth Industrial Revolution (4IR), the continent is actually home to half of the world’s mobile money accounts, making it a pioneer in integrating 4IR technology into the financial services industry, according to 4C Group…
PRESS RELEASE FOR IMMEDIATE RELEASE AI in credit scoring and lending: paving the way for financial inclusion Date: December 18, 2024 Time: 3:00 PM GMT / 10:00 AM EST Delivery: Online Duration: 2 hours The transformative potential of Artificial Intelligence (AI) in credit scoring and lending will be the focus of a special online event…
AI Unlimited Group Inc. (OTCQB: AIUG), a pioneering leader in artificial intelligence-driven technology applications, is pleased to announce the finalization of strategic acquisitions, further solidifying its position as a transformative force in the fintech, travel, and financial management sectors. With these acquisitions, AIUG’s portfolio expands to include highly innovative platforms across student loan management, travel…
CleverTap, today released its latest Market Research Report with insights into the global banking landscape, “Banking on AI: A Leader’s Guide to Customer Engagement Excellence in Banking”. The report reveals that 57% of banking executives have yet to achieve a unified customer view, indicating significant challenges with data silos due to technological barriers and cost…
Kacper Rafalski AI is changing the face of corporate banking. Banks are using this technology to improve their services and work more efficiently. AI could add between $200 billion and $340 billion in value to the global banking sector each year. AI helps banks serve customers better and catch fraud faster. It also makes managing…
The Financial Services Industry (FSI) is at the forefront of innovation, often leading the way even in highly regulated sectors, said Eric Yeo, country general manager for Amazon Web Services (AWS) Vietnam. Generative AI is a particularly hot topic right now. Many banks such as VPBank and Techcombank, are utilising generative AI to drive innovation…
Kwami Ahiabenu, II (Ph.D.) is a Tech Innovations Consultant Innovations in AI are now thoroughly interwoven into most fintech operations. AI and Fintech share a common element of innovation, which means Fintech and AI are in a multifaceted, complex relationship that impacts various aspects of financial services delivery and drives efficiencies for Fintech operators. According…