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Leveraging machine learning to detect financial fraud

Future CFO

With the rampant incidents of frauds and scams related to finance, machine learning can be leveraged to detect and prevent financial fraud, allowing a company or an organisation to respond in real-time. The post Leveraging machine learning to detect financial fraud appeared first on FutureCFO.

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Bank, finance leaders brace for rate volatility

CFO Dive

The majority of leaders at financial institutions say interest rates will drive business model guidance this year but few are leveraging financial data to support these changes.

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An Entrepreneur Leverages AI to Revolutionize Finance Operations | Tal Kirschenbaum, Co-Founder & CEO, Ledge

CFO Thought Leader

This insight spurred the creation of Ledge, a platform designed to automate repetitive tasks and streamline financial data management Read More Tal’s experiences highlighted the critical role of AI in transforming finance functions. Jack Sweeney: We want to want to touch on AI with you. I think rightfully so.

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Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators. Congress created the legislation in 2010 that created the CFPB.

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PodChats for FutureCFO: Bridging the confidence gap in financial data

Future CFO

According to Terry Smagh , senior vice president & general manager, Asia Pacific & Japan, BlackLine, the company undertook the study is to understand and recognise the critical role that financial data plays in informing businesses about strategy and continuity, the poor visibility if any, and the lack of real-time access to data.

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Industry Calls For Data-Sharing Framework To Enhance Security

Global Finance

A panel of industry experts at the Sibos 2024 conference on Tuesday discussed the critical role of data sharing and fraud detection in the modern financial landscape. However, due to existing privacy laws and regulations, banks remain hesitant to share financial data. If data is shared, it is done via lateral agreements.

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Leveraging Open Banking To Build The New Trust Ecosystem

PYMNTS

What we’re trying to do is leverage open banking to replicate a FedEx or Amazon experience where businesses know where their payment is at any given point of time, so they have real-time cash flow positioning.”.