From an anti-money laundering perspective, organizations had significant increases in new customers and transactions over a short period.
InformedIQ helps lenders find opportunities in today’s challenging environment while others pull back. The main difference is who embraces AI.
Sift's latest Digital Trust and Safety Index describes how artificial intelligence (AI) is fuelling a fraud surge that will challenge retailers and financial institutions.
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Galileo’s CPO, David Feuer, said AI and improving infrastructure allow financial services innovators to create more responsive products, including in BNPL.
The desire for increased financial inclusion is a primary driver behind the increased use of alternative data in lending decisions, a new report from LexisNexis Risk Solutions finds.
For too long small businesses have suffered a lack of access to capital. Now, banks and fintechs are in a unique position to combine their strength to help provide financing in underserved communities
Financial institutions have access to a vast amount of customer data, including account information, transaction history, and credit scores. However, much of that data is siloed by different payment platforms and networks and out of reach when fraud teams need it most. Banks can address this data drought problem by finding ways to modernize their tech stack, getting creative with existing rails, and leaning on providers to gain scale.
With competition for consumer attention fierce, the best businesses are looking to embedded finance to innovate existing loyalty strategies.
To attract the next generation community banks have their work cut out for them. But there are steps any bank can take to make themselves more attractive to millennial and Gen-Z consumers.
For businesses to improve customer experience it is important that data is not lost between entities in the payments chain.