financial institutions

Banks Need to Be on the Cutting Edge of AI’s Double-Edged Fraud Sword

Banks Need to Be on the Cutting Edge of AI’s Double-Edged Fraud Sword
Banks Need to Be on the Cutting Edge of AI’s Double-Edged Fraud Sword
October 04, 2023  |  Artificial Intelligence

The greatest innovations are those that democratize access to new skills and empower populations. Get the Full Story Complete the form to unlock this article...

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FedNow Service Surpasses 100 Participants Since July Launch
FedNow Service Surpasses 100 Participants Since July Launch
October 03, 2023  |  Real-Time Payments

More than 100 institutions are now actively participating on the Federal Reserve’s FedNow® Service network, which launched in July. Get the Full Story Complete the form to...

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WorkFusion Unveils AI-Powered Transaction Monitoring Investigator
WorkFusion Unveils AI-Powered Transaction Monitoring Investigator
October 02, 2023  |  AML

WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts.  Get the Full Story Complete...

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Ripple Pulls Out of Fortress Trust Acquisition
Ripple Pulls Out of Fortress Trust Acquisition
September 29, 2023  |  Partnerships

Cryptocurrency company Ripple is not moving ahead with its previously announced plans to acquire custodian Fortress Trust. Get the Full Story Complete the form to unlock...

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BIAN Bids to Sidestep Legacy Infrastructure With ‘Coreless Banking’
BIAN Bids to Sidestep Legacy Infrastructure With ‘Coreless Banking’
September 28, 2023  |  Banking

Hans Tesselaar, executive director of BIAN, told PYMNTS that the digital transformation of banking hinges on innovation, on interoperability between financial institution and providers forged...

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New Technologies Needed to Stem the Rising Tide of Crypto Fraud
New Technologies Needed to Stem the Rising Tide of Crypto Fraud
September 26, 2023  |  Fraud Prevention

Advancements in digital banking and the proliferation of faster digital payment methods have accelerated the rise in sophisticated fraud and financial crime, with financial institutions...

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FedNow Unveils Market Practices to Promote Instant Payment Feature
FedNow Unveils Market Practices to Promote Instant Payment Feature
September 26, 2023  |  Real-Time Payments

The Federal Reserve has unveiled market practices aimed at promoting the standardized implementation of the request for payment (RFP) feature of the FedNow® Service. Get the Full Story...

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AI-Powered Financial Crime Prevention Platform Silent Eight Prepares for IPO
AI-Powered Financial Crime Prevention Platform Silent Eight Prepares for IPO
September 22, 2023  |  Cybersecurity

Singapore-based company Silent Eight, which uses artificial intelligence (AI) to combat financial crimes such as money laundering and terrorist financing, reportedly aims to be ready for...

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