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How Banks Are Using AI for Document Intelligence

South State Correspondent

Banks are full of documents. In this article, we detail the state of document intelligence for banks and highlight how it leverages the latest in artificial intelligence (AI) and workflow automation. Getting this score allows banks to decide when to involve humans, such as for scores below 90%.

Training 448
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Finastra launches embedded consumer lending solution

Bobsguide

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Lending 68
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Retailers, Banks Say Transaction Clarity Key To Moving From Dispute Management To Dispute Prevention

PYMNTS

But in the digital age of commerce wrought by the pandemic, they’re becoming a key point of friction between consumers, merchants and issuers. Clarity would also help issuers and merchants avoid the hundreds of millions of dollars in chargebacks that add to friction in commerce (and additional operating costs, of course).

Retail 228
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Monzo Warned Of Ticketmaster Breach Months Before It Was Announced

PYMNTS

One bank says it warned Ticketmaster about a malicious software breach that leaked the personal information of tens of thousands of customers months before the company alerted the public. But Monzo , a mobile-only bank based in the U.K., That merchant was Ticketmaster. percent of all our customers had used Ticketmaster.”

Software 100
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COVID-19: Real Trends and Stories From the Front Line

Gonzobanker

Banks and credit unions report the pandemic’s impact on customer behavior. There have been all sorts of discussions about the impact of COVID-19 on branches, customers and banking activity. Last week we asked 14 clients to complete a quick survey to let us know what they are seeing. That has tapered off.”.

Trends 148
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As Pandemic Reshapes Consumer Behavior And Credit Risk: In AI We Trust?

PYMNTS

Banks are reserving tens of billions of dollars against potential credit card and loan defaults. Used correctly and ethically, AI can even help us, as a society, re-emerge from the shadows of the coronavirus by aiding public health efforts and getting consumers back into the physical world and spending. percent year over year.

Course 153
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Putting A Dent In The $1.5T Counterfeit Goods Business

PYMNTS

For us, [that’s why] it was important to take a stand here, and make sure consumers can have a good experience while they are shopping online.”. Mastercard has worked with the IACC for a number of years, Verdeschi said, which puts the firm in contact with the 250 or so IP rights holders that make up the organization.

Branding 131