Tag: Banking
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Privacy-friendly AI to detect fraud & more in banking: Interview with Ittai Dayan
Cyber threats and data breaches are becoming increasingly prevalent, particularly in financial services. The banking sector is constantly on the lookout for innovative solutions to protect both institutional assets and customer information. One of the most promising avenues of exploration is the integration of Artificial Intelligence to enhance security measures, specifically in fraud detection. Fintech…
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Cutting-edge Banking Technology stacks: Interview with Jamie Burink
Cutting-edge banking technology stacks are revolutionising financial services. These modern infrastructures offer scalable solutions that ensure efficiency, enhanced security, and personalised user experiences. As these technologies evolve, financial institutions position themselves to deliver more innovative, responsive, and transparent services to their customers. But what is really going on? Fintech Review asked a few questions on…
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Why Australian banks must embrace generative-AI
By Richard Scott, Group Vice President Asia Pacific, Informatica Australian banks have had an unsettling year. Global instability in the financial services sector combined with the nation’s cybersecurity and Privacy Act reforms are putting more pressure on banks with regard to how they manage and use data. At the same time, the rise of the…
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Want to better support accounting teams and retain talent? Here’s how the right tech makes the difference
By Mike Whitmire, CEO, FloQast Despite the Bank of England expecting inflation to fall quickly in 2023, it can feel like we’re in a bit of a ‘permacrisis’. Just when your business has managed to weather the storm brought on by the pandemic, the Russia-Ukraine war begins and the cost-of-living crisis strikes. It’s not easy…
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The explosive potential of digital banking in Sub-Saharan Africa: Interview with Timothy Nuy
Digital banking holds significant potential in Sub-Saharan Africa, where traditional banking services are often limited in reach. By leveraging mobile technology and new platforms, digital banking can provide access to financial services for the unbanked and underbanked populations. Whilst fostering financial inclusion and economic empowerment. Additionally, it can drive efficiency, reduce costs, and enhance customer…
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Strategy Execution for Fintechs: OKRs for the Win
OKRs are crucial for scaling a fintech startup as they provide a clear roadmap and focus the activities of the teams. There are many reasons why it makes sense for fintechs to consider the method. OKRs enable an organisation to align their efforts toward common objectives and track progress in a measurable way. By setting…
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Fintech and Big Banks Are Drifting Apart
By Abay Serkebayev, Chief Product Officer at CFPS. Mutual understanding between big banks and neobanks doesn’t seem to be growing. Quite the opposite, their relationship is rapidly deteriorating. This creates major problems for both parties. Neobanks have become direct competitors to commercial banks. This is especially noticeable in the retail industry. Neobanks offer more adaptive customer service,…
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Role of corporate cards in improving business credit and cash flow
Payment infrastructure for businesses has improved over the years with many innovations. Technology has helped develop tools such as corporate cards to suit modern business needs and manage finances in a way that wasn’t possible before. Corporate credit cards are financial tools that a company can issue for its employees and provide them with a…
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The Future of Banking as a Service: Interview with Sankaet Pathak
Everybody is familiar with Software-as-a-Service or SaaS. It is the prevalent way to sell software these days. The days of the purchase of a CD to install a software are long gone. Everything can be “as-a-service”. What about Banking-as-a-Service or BaaS? Is it the same as SaaS? Fintech Review asked a few questions to Sankaet…
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Conventional Banking is Dying – Super Apps Will Takeover FinTech
By Konstantin Bukin, Managing Director at Saritasa, a full service mobile, web, software, 3D and IoT technology solutions provider. Banks, credit unions, and financial institutions are the foundation of consumer financial services, yet they lag when it comes to technology. Consumers use smartphones and the internet to manage every aspect of their daily lives, from…