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15 Ways We Are Using ChatGPT in Banking

South State Correspondent

In three months, it has become the primary tool of many bankers, helping make banks more efficient across the organization. Our innovation working group, called Spark, has been playing with the tool for the past several months, and this article details how we use it to jump our productivity by 20%.

Tools 370
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REPORT: Payment Tech Tops FIs’ Innovation Agendas

PYMNTS

According to PYM NTS’ research, 57 percent of all FIs will focus on this area over the next three years, making it the highest item on an agenda that also includes user experience, consumer engagement, and fraud and security. percent of bottom performers will invest in UX.

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Payment Rails Latest To Roll Out API-Enabled Global Business Payments Platform

PYMNTS

The firm’s co-founder and chief product officer, Ferhan Patel, said the tool aims to fill gaps left by companies’ own banks. Artificial intelligence ensures regulatory compliance and fraud protection.

Payments 195
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Whitepages Pro Spins Out, Becomes Ekata

PYMNTS

In tandem with the move, Whitepages Pro is changing the name of its business to Ekata to better differentiate the global B2B application program interfaces (APIs) and Software-as-a-Service ( SaaS ) tools on offer from these now independently operating units. Data sourcing and networks are also different across operations.

UX 124
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FIs: Build For A Digital Future Or Lose Customers

PYMNTS

That’s putting pressure on FIs at a time when they’ve already seen flash-fraud rates and chargeback disputes dramatically increase. Instead, they mostly provide a pre-paid card attached to a much slicker digital user experience (UX).

Mobile 141
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Is Lumin a Smartphone Moment, or Just Another Flip Phone?

Gonzobanker

The ability to integrate the PSCU tools and systems into this digital platform may well provide the seamless experience that credit unions have been looking for since the launch of online banking. Imagine being able to update a member on the status of a chargeback or fraud case? Member Impact. Final Thoughts.

System 86
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Trulioo and the Regtech Revolution: How Smaller Teams Tackle the Compliance Challenge

Fintech Labs Insights

“To help grow their role and create effective change, compliance needs to embrace the process and tools of change, innovation, and technology,” the blog authors wrote. ” The possibility of smaller, more effective compliance teams is another advantage that cannot be overlooked.