FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have made progress in meeting consumer expectations around instant payments, there is still room for improvement. In “FinTechs’ Instant Payment Mismatch,” a collaboration with Ingo Payments, we found that 47% of …
Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions. To help banks better assess climate risk Oracle today announced Oracle Climate Change Analytics Cloud Service. With built-in AI, the new reporting and analytics solution is …
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Hear ye. Hear ye. To all good citizens of my Watchdog Nation, I come before you in the public square with mostly positive news. If you’re looking for the usual fare of head knocking and face slapping of various evildoers, sorry, not today. A full refund Many readers were upset to hear the story of …
At this point in artificial intelligence’s (AI) relatively brief life, we’ve heard a lot of different angles to the banking story. It has been called a job killer and a job creator. It has established itself as an excellent fraud detection application but needs human intervention to keep it on track. It even got an …
Oracle Financial Services introduced an artificial intelligence-powered cloud service that helps banks mitigate anti-money laundering (AML) risks. The new Oracle Financial Services Compliance Agent “identifies and remediates vulnerabilities,” the company said in a Monday (April 8) press release. “Putting Compliance Agent in the hands of financial-crime compliance officers will help enable banks to thwart potential money laundering opportunities more …
Communities in the East Central, North East, South Central and Southeast parts of Lee County will receive high-speed broadband coverage in the second phase of the expansion projects. In Monday’s meeting, the Lee County Commission voted to move forward with the next phase of the Lee County Broadband Expansion Grant program. Up to $3.4 million …
The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay. While digital wallets first emerged in the late 1990s, the Covid-19 pandemic provided an adoption tipping …
The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today following the FedNow® Service launch stems from the lack of full interoperability between the Federal Reserve’s real-time payment system and the RTP network overseen by …
Artificial intelligence continues to grow in importance for JPMorgan Chase. So much so that the technology could have its own reporting line, beyond the banking giant’s larger tech team, CEO Jamie Dimon indicated Tuesday (March 12). “Before any other major investment, it’s how are we doing on AI,” said Dimon, whose comments via video feed at the Australian …