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Tag Archives: Artificial Intelligence

BFC FinTech Monitor 26th June – 3rd July

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: 16 major financial institutions operating in the European Union (EU) have begun working on a pan-European payment system that will provide an alternative to Visa and Mastercard as …

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BFC FinTech Monitor 19th – 26th

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Analysts with CB Insights have teamed up with Fast Company to compile a list of 50 companies poised to become the next “unicorns” and receive an estimated total …

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BFC FinTech Monitor 12th – 19th

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Capgemini analysts have prepared the World Retail Banking Report 2020. The report highlights the impact of COVID-19 on digital banking services as well as suggests that financial …

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BFC FinTech Monitor 5th – 12th June

Around the World: Forbes magazine has introduced a new version of The World’s Best Banks of 2020. This new version is based on consumer ratings from a survey conducted by Statista. A recent study by Emerging Technologies has shown that financial institutions that embrace the use of artificial intelligence and other …

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BFC FinTech Monitor 29th May – 5th June

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Boston Consulting Group (BCG) has a released a report outlining how the COVID-19 pandemic is expected to impact financial institutions and includes measures that financial institutions should undertake …

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BFC FinTech Monitor 22nd – 29th May

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Swiss financial holding UBS Group is planning to create a venture fund of USD 10-20 million for investments in FinTechs. According to a study by Swedish …

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BFC FinTech Monitor 15th – 22nd May

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Xiaomi has partnered with China UnionPay and GR Credit Card to introduce the Xiaomi GF payment card. The card allows users to accumulate bonus points that they can …

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BFC FinTech Monitor 8th – 15th May

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Samsung is partnering with SoFi for the development of Samsung’s own debit card. The card, which is scheduled for release this summer, will interact with the Samsung Pay …

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BFC FinTech Monitor 1st – 8th May

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Analysts at USB Group AG, the largest Swiss financial holding company, are predicting that the FinTech market could grow from USD 150 billion in 2018 to as much …

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BFC FinTech Monitor 24th April – 1st May

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: The company 11:FS has published the results of a new study on the impact of COVID-19 on the financial services market. In short: marketplaces will have a greater …

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BFC FinTech Monitor 17th – 24th April

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World Anonymous sources have revealed that Google is planning to simplify online shopping by issuing its own debit card, which will most likely to be connected to a user’s …

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BFC FinTech Monitor 3rd – 10th April

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: MobilePaymentsToday.com has released materials outlining how the COVID-19 pandemic has affected the mobile payments industry. British startup Curve has announced the release of multicards that do not use numbers. Instead, …

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BFC FinTech Monitor 20th March – 3rd April

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Finanso, a Swedish company specialized in the field of personal finance, has release a study projecting that the volume of digital transactions in Europe will exceed USD 800 …

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BFC FinTech Monitor 13th – 20th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor Around the World: The FinTech Times has predicted how the outbreak of the coronavirus and the subsequent quarantine measures will impact the FinTech market. Specifically, they predict that, although people will …

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Video: 5 2020 financial intelligence trends

Financial institutions are always on the lookout for effective and innovative ways to combat fraud, ensure anti-money laundering compliance and enhance security. Let’s take a look at 5 trends expected to optimize financial intelligence goals this year. Embracing data-driven analytics and the future of business Video: what to look for …

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Video: fighting financial crimes with AI and machine learning

The battle against financial crimes has a new and exciting tool at its disposal. Using artificial intelligence (AI) and machine learning, this new automated solution detects suspect activities. Learn how this tool and others like it are being employed to fight fraud and stay ahead of changing regulatory-compliance requirements. The …

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BFC FinTech Monitor 20th – 27th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and telegram channel FinTech Wave. Around the World: In 2019, FinTech startups attracted a total of USD 34.5 billion in investments (1,913 total transactions). Nearly half of this amount (USD …

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A brave new world of biometrics

The use of biometric solutions is becoming increasingly popular with retailers, financial institutions and consumers due to the convenience and security they offer. Given the biometric world that appears to be in our not-too-distant future, the editors of BFC’s FinTech Bulletin and the telegram channel FinTech Wave put together this …

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Video: how artificial intelligence can power payment authorization

With merchants always on the lookout for a sale, consumers continuously demanding easier and faster checkout experiences and financial institutions seeking new and more efficient ways to mitigate fraud risks, artificial intelligence has become an intriguing solution in the payments industry. Here’s a quick look at the artificial intelligence powering …

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5 Important Mobile Wallet Trends You Need To Know

Over the last five years, mobile payments have grown, grown and grown some more. In 2017, wallet spending amounted to USD 1.35 trillion. In 2018, that figure rose to USD 4.3 trillion. By 2022, its expected to balloon to nearly USD 14 trillion. Despite this boom, there is still much …

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