Category: FinTech

  • Unlocking the Power of AI: Identifying Bank Statement Fraud through Knowledge Graphs

    Artificial Intelligence (AI) is a game-changer in financial services, particularly in detecting and preventing fraud. It is proving its efficacy in identifying bank statement fraud, by leveraging the concept of fraud knowledge graphs. Fraud manifests in various ways. A common pattern is the replication of identical content across multiple bank statements. And, there are more…

  • Spain’s Embat, which has raised $16M, plans to compete with Trovata in real-time accounting

    For obvious reasons, financial teams can spend a great deal of time on corporate treasury management, accounting and bank reconciliation, so anything that speeds up that process usually garners a lot of interest. Today Embat, a Spanish fintech which does what they call “real-time treasury management,” has closed a financing round of $16 million Series…

  • Why is Coca-Cola important?

    It’s a little known fact that Coca-Cola was launched as a way to relieve the anxiety of change, but it’s true. Coca-Cola’s unique formula was developed to replace the addiction of Victorians to morphine and opium. The question is: why were Victorians addicted to morphine and opium? The answer is: the pace of change. Victorians……

  • Things worth reading: 27th February 2024

    Things we’re reading today include … Record rate-profits sees EU banks give shareholders €120bn (euobserver.com) Bank of England builds ‘proactive case’ to regulate non-banks | Reuters Why economists are warning of another US banking crisis (theconversation.com) Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024? | The Fintech Times Bitcoin mystery deepens as……

  • Have we created Generative Finance yet?

    Question: Have we created Generative Finance yet? Answer: No. Everyone has been talking about Generative AI for the past year or so, particularly after ChatGPT and OpenAI hit the market … and yet a lot finance is still really dumb. Where is the intelligence in finance? And, when we do get AI integrated with finance,……

  • Have we created Generative Finance yet?

    Question: Have we created Generative Finance yet? Answer: No. Everyone has been talking about Generative AI for the past year or so, particularly after ChatGPT and OpenAI hit the market … and yet a lot finance is still really dumb. Where is the intelligence in finance? And, when we do get AI integrated with finance,……

  • Have we created Generative Finance yet?

    Question: Have we created Generative Finance yet? Answer: No. Everyone has been talking about Generative AI for the past year or so, particularly after ChatGPT and OpenAI hit the market … and yet a lot finance is still really dumb. Where is the intelligence in finance? And, when we do get AI integrated with finance,……

  • Have we created Generative Finance yet?

    Question: Have we created Generative Finance yet? Answer: No. Everyone has been talking about Generative AI for the past year or so, particularly after ChatGPT and OpenAI hit the market … and yet a lot finance is still really dumb. Where is the intelligence in finance? And, when we do get AI integrated with finance,……

  • Have we created Generative Finance yet?

    Question: Have we created Generative Finance yet? Answer: No. Everyone has been talking about Generative AI for the past year or so, particularly after ChatGPT and OpenAI hit the market … and yet a lot finance is still really dumb. Where is the intelligence in finance? And, when we do get AI integrated with finance,……

  • Have we created Generative Finance yet?

    Question: Have we created Generative Finance yet? Answer: No. Everyone has been talking about Generative AI for the past year or so, particularly after ChatGPT and OpenAI hit the market … and yet a lot finance is still really dumb. Where is the intelligence in finance? And, when we do get AI integrated with finance,……