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AI-powered biometric authentication

AI-powered biometric authentication

 According to IBM, 20% of breaches are caused by compromised credentials. In 2021 25% of businesses have completed deployment of AI-based security, while 40% are...
Which are the Prominent Personal Finance Mobile Apps? 1. Intuit Intuit Mint is a personal finance management company formally established in 2006 by Aaron Patzer. The company operates in the U.S. and Canada with more than 20 Mn users. It offers the application for two of the most widespread operating systems - Android and iOS, which led to increase the flexibility of its services. 2. Chime Chime is a San Francisco-based Fintech company established back in 2013 by Chris Bitt and Ryan King. The company provides a connected approach through mobile apps to banking services that gives it complete control on finances. Its mobile app is available for iPhones and Android devices, and more than 10 Mn downloads have been recorded at the Google App Store. 3. Digit Digit is a wealth management app company based in San Francisco U.S. The company uses machine learning and numerous financial practices to save and invest the money of users. Digit is available on both Play Store and Apple Store. 4. Albert Albert is a wealth management application firm based in California, United States. The company offers diverse services, from budgeting, saving, investing, and financial advisory. Albert can be used on iOS and Android-based devices. 5. Prism Prism is a bill management and bill payment platform that offers to pay bills on multiple platforms and delivers financial well-being. The company has more than 30 Mn users and thousands of financial institutions. Prism also offers personal budgeting to its users and is available for iOS and Android devices

Overall time spent on investment and trading apps increased Y-o-Y more than 50% in...

By FintechNews staff Increasing penetration of smartphones and the Internet across the globe is likely to augment demand over the coming years. Currently, global penetration...
5G: a new digital era for banking and finance

5G: a new digital era for banking and finance

 Today, all it takes is one tap on a smartphone screen to make purchases, pay bills or view the latest bank statement. This is...
Machine learning and AI in travel: 5 essential industry use cases

Machine learning and AI in travel: 5 essential industry use cases

 Imagine that you are planning a trip. A few decades ago, it would take you a lot of time and effort to research destination...
What AI and machine learning mean for auto lending technology

What AI and machine learning mean for auto lending technology

By Vlad KovacevicAutomotive lenders find themselves in a more competitive market than ever. Lingering supply chain issues generated by the COVID-19 pandemic are being...
Cyber Resiliency: a critical strategy in protecting global economy from emerging cyber threats

Cyber Resiliency: a critical strategy in protecting global economy from emerging cyber threats

By Vijeth ShivappaThis week one of the major mobile operator in US suffered a major data breach. The mobile company confirmed that perpetrators behind...
How AI and machine learning can turn the tide of fraud

How AI and machine learning can turn the tide of fraud

 Most banks rely on teams of human analysts to examine transactions for potential financial crime, but these teams encounter numerous issues. Forty-five per cent...
Fintech and the evolving cybersecurity landscape

Fintech and the evolving cybersecurity landscape

By Andy SenAs the digital universe keeps expanding with a rising number of transactions, there is a concomitant increase in cybercrimes. What’s more, many...
Goldman Sachs is betting on artificial intelligence to dive growth

Goldman Sachs is betting on artificial intelligence to dive growth

By Disha Sinha Artificial Intelligence (AI) has taken a major role in acting as the main driver of upcoming hi-tech future in the world. It...
How AI helps financial institutions automate and accelerate

How AI helps financial institutions automate and accelerate

By DataRobotArtificial intelligence (AI) is rapidly transforming the operations of financial institutions, making them more efficient and competitive.AI can help to accelerate revenue growth, reduce...

Latest article

Financial inclusion: 26 millions U.S. adults are credit invisible, or have no credit at...

By FintechNews Staff Summary:-one in ten U.S. adults are credit invisible, or have no credit at all, making it more difficult for them to access...
https://www.fintechnews.org/patent-trolls-the-next-big-risk-for-blockchain-protecting-blockchain-from-ip-risks/

China files three times as many blockchain related patents than USA

By FintechNews Staff Summary:-A new data report shows there were about 55,000 blockchain-related patents applications filed between the beginning of 2015 to June 2021.-China so...
This is where Regtech companies must step in. Innovators in this space can identify and verify TPPs in real-time, therefore allowing financial service providers to have total trust in the third parties they deal with.

Open Banking: 518 TTPs are aproapproved to provide services across the EU and UK...

 -Research from Q3 of 2021 revealed that 21 new TPPs were approved to provide services across the EU and UK between 1st July and...