AI

How AI is Shaping the Future of Client Relations in Finance

Artificial Intelligence (AI) is revolutionising the financial sector, transforming how institutions operate and cater to their clientele. As AI becomes increasingly integrated into finance, it is reshaping how we manage and interact with our money daily. Financial institutions navigating the

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Mastercard Deploys Generative AI to Enhance Compromised Card Detection

Mastercard has announced the implementation of generative AI technology to significantly accelerate the detection of compromised cards, enhancing protection for cardholders and securing the payment ecosystem. Fraudsters frequently steal millions of payment card numbers through methods like spyware, malware, and

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Authenticity in the Era of Deepfakes: The Multi-Layered ZOLOZ eKYC Approach

In the last five years, generative artificial intelligence has had a profound impact on the digital landscape, sparking both incredible interest and deep concern. The convergence of exponential increases in processing power, continuous advancements in deep learning and neural networks,

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Temenos Introduces Generative AI Solutions to Streamline Banking Operations

Banking software company Temenos announced the launch of its new Responsible Generative AI solutions, aimed at enhancing core banking operations at the Temenos Community Forum 2024. The company introduced these AI solutions to integrate with its existing banking platforms, including

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UK and Singapore Discuss Green Finance Gaps, Digital Asset Regulation

The United Kingdom and Singapore had convened for the 9th UK-Singapore Financial Dialogue yesterday (8 May 2024) to deepen their cooperation in sustainable finance and fintech. The dialogue focused on various pivotal areas including sustainable finance, fintech innovation, non-bank financial

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Visa Targets Bot-Driven Financial Fraud with New AI Feature

Visa has launched an AI-powered enhancement to its Visa Account Attack Intelligence (VAAI) solution, designed to combat the increasing number of account attacks facilitated by automated scripts and botnets. These attacks, known as enumeration attacks, have contributed to significant financial

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Singapore’s Dyna.Ai Expands Globally, Debuts AI Solutions for Finance Sector

Singapore-based technology company Dyna.Ai announced its global launch at the Dubai Fintech Summit, unveiling new AI solutions tailored for the banking and financial services sector. The company, which specialises in artificial intelligence technology, revealed plans for international expansion, including operations

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AWS Invests Another S$12 Billion in Singapore, Launches Flagship AI Programme

Amazon Web Services (AWS) announced that it is set to invest an additional S$12 billion into Singapore’s cloud infrastructure by 2028 during the 10th AWS ASEAN Summit, aiming to bolster its services amid increasing demand. According to a new AWS

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Banks Embrace Cloud, AI to Innovate and Tap Partnership Opportunities

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by

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SoftServe to Showcase Generative AI Innovations at Money20/20 Asia

SoftServe, a global IT consulting and digital services firm, is set to present its latest generative AI (Gen AI) technologies at the upcoming Money20/20 Asia conference. The event, scheduled for 23-25 April in Bangkok, Thailand, will highlight innovative applications of

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