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…
The 15th edition of the Middle East Banking Innovation Summit (MEBIS) concluded last week with great success, bringing together leading industry figures, innovators, and experts to explore the transformative impact of artificial intelligence (AI) and digital transformation in the banking sector. With a focus on enhancing customer experience, security, payments, and the rapidly evolving landscapes…
By Robert Turner, Senior Vice President and General Manager of U.S. Financial Services at Kyndryl The financial services industry is undergoing a transformation driven by new technologies and changing consumer behaviors. Digitally-savvy customers are accelerating the move away from physical currency, creating a cashless economy. What’s more, they demand convenience at every step, particularly during…
Introduction to AI applications in Fintech Date: 1st October 2024 Course Overview: This one-day course provides a solid foundation in Artificial Intelligence (AI) applications in Fintech, preparing learners for careers in the rapidly evolving intersection of AI and Fintech Meet our Expert Presenters Thibaut Fenain, the founder and CEO of AI.Guidance, Taiwan Dr. Russell Thomas,…
By Gloria Methri Over half (54%) of banks in Europe and the US are planning to leverage generative artificial intelligence (Gen AI) for the shift to instant payments and other payment modernization projects, research from RedCompass Labs has revealed. The report, ‘AI in payments: The future of payments modernization?’ states that four in ten (42%)…
New Zealand’s The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has today published research on the use of Artificial Intelligence (AI) in New Zealand’s financial services sector. The research, undertaken as part of the FMA’s occasional paper series, draws on responses from financial service providers in asset management, banking, financial advice and…
New York, September 2024] Artificial Intelligence (AI) in Financial Fraud Detection represents a transformative approach within the financial services sector. This innovative technology utilizes machine learning algorithms and advanced analytics to identify and prevent fraudulent activities in real-time, thereby safeguarding organizations from significant monetary losses and reputational damage. As the frequency and sophistication of fraud…
Georgia, United States of America – September 2024 – Kohenoor Technologies, a trailblazer in fintech innovation, is thrilled to introduce Kohenoor KEN, a groundbreaking payment token designed to power the world’s most advanced AI-driven virtual investment advisor. This revolutionary platform harnesses the power of AI and big data analysis, combined with key expert insights, to…
Mastercard and the National Bank of Egypt (NBE) have signed an agreement to introduce AI- powered digital employees to manage non-financial customer interactions and provide superior digital services virtually. Yehia Abou ElFotouh, Deputy Chairman of the National Bank of Egypt, said, “In a groundbreaking move, the National Bank of Egypt leverages its extensive expertise in…