May 19, 2024 @ 3:11 pm By Omar Faridi  |  

United Fintech is increasing its global presence with the opening of a new location in the Dubai International Financial Centre (DIFC). This strategic expansion into the UAE, “spearheaded by Athena, one of United Fintech’s partner companies, is a response to robust market demand and underscores… Read More

 Tagged dubai, fintech adoption, mena region, uae, united fintech

May 19, 2024 @ 2:45 pm By Tony Zerucha  |  

AI lending technology provider Zest AI this week unveiled its new lending intelligence companion LuLu. LuLu is a customized generative AI tool that lending organizations can use to instantly capture strategic industry insights, decisioning and portfolio performance metrics, and quickly access their unique Zest AI… Read More

 Tagged Adam Kleinman, Jenny Vipperman, lending, LuLu, zest ai

May 19, 2024 @ 1:59 pm By Tony Zerucha  |  

The current interest in generative artificial intelligence (AI) has caused some to conclude that we may see a new wave of AI-enabled fraud. However, the payments industry shouldn’t overestimate the abilities of large language models or underestimate the power of existing anti-fraud systems, says chargeback… Read More

 Tagged chargeback, chargebacks911, large language model, LLM, monica eaton

May 19, 2024 @ 1:38 pm By Omar Faridi  |  

With nearly three-fourths (73%) of consumer loan customers now categorized as financially unhealthy1, up from 67% in 2023, lenders “have their work cut out for them delivering products that meet customer needs in a persistently high interest rate environment.” According to the J.D. Power 2024… Read More

 Tagged consumer lending, financial services, lending, research

May 19, 2024 @ 12:57 pm By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, Orient Commercial Joint Stock Bank (OCB), a private bank in Vietnam, together with SmartOSC, the digital enabler, announce the go-live of the Backbase Engagement Banking Platform to launch OCB’s OMNI 4.0 app. The OCB OMNI 4.0 version reportedly… Read More

 Tagged backbase, engagement banking, fintech adoption, vietnam

May 19, 2024 @ 11:50 am By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), which claims to be one of the world’s largest digital banking platforms, released its First Quarter financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “In May… Read More

 Tagged banking, brazil, digital bank, latin america, nu holdings, nubank

May 19, 2024 @ 11:35 am By Tony Zerucha  |  

Pagos, a provider of payments optimization solutions, recently announced the launch of Pagos Copilot, an AI-powered tool for instant payment intelligence. “It’s easy for subpar performance to go unnoticed when you don’t have a wealth of payments industry knowledge because you don’t necessarily know what… Read More

 Tagged ai, Albert Drouart, Klas Bäck, Pagos, Pagos Copilot

May 19, 2024 @ 10:27 am By Omar Faridi  |  

Riskified Ltd. (NYSE: RSKD), a firm focused on addressing e-commerce fraud and risk intelligence, announced financial results for the three months ended March 31, 2024. Eido Gal, Co-Founder and Chief Executive Officer of Riskified said: “Our commitment toward profitable growth has yielded exceptional results, as… Read More

 Tagged e-commerce, fraud prevention, progress report, Riskified

May 19, 2024 @ 10:11 am By Omar Faridi  |  

FloQast announced a consulting relationship with PwC Australia, a global consulting firm. The alliance combines FloQast’s advanced Finance and Accounting Operations Platform with PwC Australia’s deep industry expertise “to transform key accounting and finance operations, including the financial Close, compliance management, and internal controls.” Today’s… Read More

 Tagged australia, fintech adoption, floqast, pwc

May 19, 2024 @ 9:56 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Banque Internationale à Luxembourg (BIL), one of the largest universal banks in Luxembourg, has gone live with Temenos core banking and payments to increase agility and efficiency of its retail, corporate and private banking operations. The move gives BIL the… Read More

 Tagged digital financial services, europe, luxembourg, temenos