Financial institutions struggle to meet consumer demand for more payment types, mainly because they lack the proper data science capabilities. This drives suboptimal strategies like layering multiple payment types.
A new report from company builder and venture group Team8 shows it’s a good time for fintechs to pursue unicorn status, provided they do the groundwork.
As B2B payment technology catches up to other areas of fintech, TreviPay CEO Brandon Spear said exciting trends are emerging. In late 2023, TreviPay released the B2B Buyers Payments Preference Study. It updates similar research conducted in 2019.
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The lawsuit against Navy Federal has financial institutions revisiting their fair lending practices and considering how AI fits in.
Instead of modifying decades-old transaction infrastructure, Spade provides better fraud protection by creating a new system. Customers like Sardine, Mercury, Unit and Ramp have improved their fraud models by more than 15% using Spade's real-time merchant intelligence for the card ecosystem.
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Generative AI is coming to lending and it is going to happen this year. Lenders who are early movers will have an advantage here. This new white paper from Prodigal shows how.
Fraud is rising with the increased reliance on alternative payment methods, and AI could stop it. FIs have difficulties in adopting the tech.
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In the ever-shifting world of today's entrepreneurs, AI isn't just a technological innovation – it’s a tangible catalyst for business transformation that can lead to smoother operations, more efficiency, and sounder data-driven decisions. In this article, we explore automation, augmentation, and autonomy, revealing how practical applications of detection and prediction to generation can equip even the smallest business with powerful tools to navigate and excel in today's digital landscape.
By leveraging the benefits of artificial intelligence and looking at cash flow issues from the consumer’s perspective, Beem has grown to be one of the 50 most-downloaded financial apps in the world.
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If AI is properly deployed, it improves credit unions’ fraud decisioning capabilities, Provenir’s EVP for North America Kathy Stares believes.