How Does AI Help Banks in Minimizing Fraud?

by Cheqly team | | AI in Bank Fraud Detection

The way banks identify fraud is evolving due to artificial intelligence (AI). Powered by machine learning algorithms, financial institutions can identify and prevent fraudulent financial transactions before they do major damage. This is because financial anomalies can be identified in advance thanks to modern analytical tools such as predictive analytics and machine learning. These algorithms … Continued

How Digital Banking is Revolutionizing the Financial Sector

by Cheqly team | | Digital Banking

What are Digital Banking Services? There are various ways in which online banking apps and physical banks are different. Financial services online do not incur the overhead associated with building ownership, lease, or maintenance. Because of this, online-only providers can offer checking and savings accounts without any monthly fees. Many of them also provide additional … Continued

Top 10 Emerging Trends in Digital Payments

by Cheqly team | | Digital Payments Trends

Traditional cash is becoming obsolete as digital payments become the new standard. This change reflects our changing digital environment rather than being merely a convenience. Here, we examine the major developments in digital payments and how they will influence the market in 2024 and beyond. What are Digital Payments? Digital payments are transactions made using … Continued

Ten Key Tech Trends Reshaping Financial Services in 2024 and Beyond

by Cheqly team | | Financial Services Trends

The financial services industry is undergoing constant change, with the technological revolution being the most important. Despite global economic difficulties, institutions must be watchful and adapt to new ways, with a growing emphasis on cost-effective and efficient technological solutions. From artificial intelligence (AI) to blockchain, disruptive technologies are changing the scenario in 2024 and beyond. … Continued

How Does AI Impact Banking Operations?

by Cheqly team | | AI in Banking

AI, or artificial intelligence, is an organized force bringing change in various fields. One field where early and active changes are introduced is the banking industry. That is why this article aims to review all the opportunities that artificial intelligence is preparing for the financial services industry in detail. We will explain AI-powered banking in … Continued

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