All posts tagged "AI fintech"
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141Fintech NewsHow Artificial Intelligence Is Transforming Financial Services
JPMorgan Chase employs more than 2,000 data scientists and machine learning engineers. The bank’s COO disclosed this figure during an investor presentation...
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96Fintech News
The Role of AI in Modern Fintech Platforms
Klarna processes roughly 2 million transactions per day across 45 markets. In 2024, the Swedish buy-now-pay-later company announced that its AI-powered customer...
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137Fintech News
Why Machine Learning Is Critical to Fintech Innovation
In 2012, a team at the University of Toronto entered an image recognition competition and won by a margin that stunned the...
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110Fintech News
How AI Is Improving Financial Risk Management
On March 10, 2023, Silicon Valley Bank collapsed in 48 hours. The bank’s risk management models had not flagged the concentration of...
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104Fintech News
The Growth of AI-Driven Financial Platforms
Ant Group’s Alipay processed 118.8 billion transactions in the twelve months ending March 2024. Behind each transaction, multiple AI models ran simultaneously:...
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108Fintech News
Why Fintech Companies Are Investing in Artificial Intelligence
Ramp, the corporate expense management company, announced in early 2024 that its AI system had identified $150 million in duplicate software subscriptions...
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125Fintech News
How AI Is Enhancing Fraud Detection in Financial Services
In December 2023, Mastercard’s AI fraud detection system blocked a coordinated attack that attempted to process $1.2 million in fraudulent transactions across...
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90Fintech News
The Future of AI in Digital Banking
Bank of America’s virtual assistant Erica crossed 2 billion client interactions in October 2024, six years after its launch. In the most...
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77Fintech News
Why Data Analytics Is Essential for Fintech Growth
When Nubank reached 100 million customers in 2024, the Brazilian digital bank disclosed a metric that traditional banks rarely publicise: its customer...
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86Fintech News
How AI Is Revolutionising Financial Decision-Making
Morgan Stanley’s wealth management division manages $4.5 trillion in client assets. In 2023, the firm deployed an AI assistant built on OpenAI’s...
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83Fintech News
The Role of Predictive Analytics in Fintech
Square Loans does not ask small business owners to submit financial statements. It does not request tax returns. It does not run...
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69Fintech News
How AI Improves Financial Customer Experience
Lemonade, the insurance company, paid a claim in three seconds. A customer filed a claim through the app, Lemonade’s AI reviewed the...
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92Fintech News
Why Data-Driven Finance Is the Future
Ant Group’s credit scoring system, Zhima Credit, evaluates over 3,000 variables per user to determine creditworthiness. The system scores more than a...
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105Fintech News
The Impact of AI on Financial Automation
HSBC processes over 1.3 million anti-money laundering alerts annually. Before deploying AI, each alert required a human compliance analyst to review the...
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83Fintech News
How AI Platforms Are Transforming Banking
In September 2023, Goldman Sachs quietly disclosed that it had deployed an internal AI platform capable of generating code, summarising documents, and...
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97Fintech News
Why AI Is Becoming Core Fintech Infrastructure
Stripe processes payments for millions of businesses across 195 countries. When a customer in Tokyo buys a product from a merchant in...
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104Fintech News
How Machine Learning Is Changing Credit Risk Assessment
In 2019, the Federal Reserve Bank of Philadelphia published a study comparing machine learning credit models against traditional logistic regression models used...
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91Fintech News
The Future of AI-Powered Financial Services
OpenAI’s ChatGPT reached 100 million monthly active users in January 2023, two months after its launch. Within weeks, every major financial institution...
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82Fintech News
Why Data Intelligence Matters in Fintech
Plaid connects over 12,000 financial institutions to more than 8,000 fintech applications. When a customer links their bank account to Venmo, Robinhood,...
