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Aug 2, 2024 | 
finextra.com | Sergiy Fitsak |Raktim Singh |Alex Kreger |Luke Allchin
Are you looking to learn more about Suspicious Activity Reporting? From writing reports to exiting, I've got you covered! Let's dive in and explore the world of Suspicious Activity Reporting together.
Filing Suspicious Activity Reports (SARs) is a critical process that facilitates financial institutions in their efforts to combat money laundering, fraud, and other illicit activities.
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Jul 31, 2024 | 
finextra.com | Sergiy Fitsak |Raktim Singh |Alex Kreger |Luke Allchin
Over the past two decades, the fintech sector has radically transformed the world’s financial landscape. These digital solutions have made the industry more efficient, and changed how customers engage with financial products and services.
This impact has been particularly felt by smaller institutions, including local and regional banks, credit unions, brokerage firms, and wealth managers.
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Jul 31, 2024 | 
finextra.com | Dmytro Spilka |Oliver Tearle |Eldad Tamir |Raktim Singh
In today's fast-paced corporation planet, technology is changing how we manage invoicing and expense processing. One of the numerous compelling improvements is the help of artificial intelligence (AI). AI can help companies save time, decrease mistakes,
and enhance money flow. Here are 10 suggestions for leveraging AI in your invoicing and payment processing.
1. Automate Invoice Creation
Creating invoices manually can be time-consuming and can lead to mistakes.
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Jul 31, 2024 | 
finextra.com | Dmytro Spilka |Oliver Tearle |Eldad Tamir |Raktim Singh
The financial services industry is at a critical juncture. Despite staggering investments, banks are still struggling with digital transformation. But why? Let’s dive into the tangled web of challenges banks face, the failed promises of past solutions, and
take a look at what I believe to be the path towards a brighter future.
The Harsh Reality
Imagine trying to overhaul a massive ship while it’s still sailing. That’s the reality banks face with digital transformation.
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Jul 29, 2024 | 
finextra.com | Oliver Tearle |Eldad Tamir |Raktim Singh |Abhishek Bhasin
With the generative AI boom in full swing, a future of automation in fintech is imminent. While this may be a cause for concern among employees, the reality is set to be far more collaborative.
The artificial intelligence in fintech market is expected to reach a value of $17 billion in 2024. This figure is set to
, representing a CAGR of 17%.
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Jul 29, 2024 | 
finextra.com | Eldad Tamir |Raktim Singh |Abhishek Bhasin |Aleksandra Kitina
Fighting fraud is like playing a game of cat and mouse. But what if the 'mouse' could learn the cat's every move? Machine learning in fraud detection creates a system that constantly gets better at spotting fraudulent transactions, no matter how the fraudsters
try to disguise them. This technology has been around for a while, with the first system appearing in 1992. Today, fraud-detection systems are foundational in global financial services.
Why are machines so good at catching fraudsters?
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Jul 29, 2024 | 
finextra.com | Hirander Misra |Vishnu Prasad R |Raktim Singh |Francesco Fulcoli
Agricultural innovations are a necessity to meet the challenges of the ever-growing population of our world. This article focuses on a number of companies whose groundbreaking agricultural innovations are redefining farming practices and setting new standards
for efficiency and sustainability. These agricultural solutions are significantly impacting our world, by providing us with the tools and means for ensuring the food security needed to feed our planet.
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Jul 28, 2024 | 
finextra.com | Raktim Singh |Abhishek Bhasin |Aleksandra Kitina |Garima Chaudhary
A recent CNBC/Generation Lab survey illuminates a stark reality: while many young adults recognize the stock market as a vital tool for wealth accumulation, a similar number are not actively saving for retirement. This gap between awareness and action highlights
broader challenges of financial engagement among millennials and Gen Z, who often face limited investment capacity due to precarious financial stability.
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Jul 25, 2024 | 
finextra.com | Raktim Singh |Abhishek Bhasin |Aleksandra Kitina |Garima Chaudhary
As someone who's been following the AI industry closely, I have to say the new European Union AI Act has really caught my attention. It's a beast of a document; 458 pages and 113 articles! When I first heard about it, I thought, "Well, there goes my weekend
reading." But jokes aside, this is a big deal, folks. It's probably the most ambitious attempt to regulate AI that we've seen so far.
What's the Act All About?
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Jul 24, 2024 | 
finextra.com | Vishnu Prasad R |Raktim Singh |Francesco Fulcoli
Carbon markets are essential for achieving climate goals by incentivising emission reductions. However, ensuring the credibility and transparency of transactions is crucial for their success. The fragmented nature of existing voluntary carbon markets and
the lack of standardised approaches pose significant challenges. This not only hinders effective clearing and settlement, but also acts as a constraint to prevent capital being deployed where it is really needed.
