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Revolutionizing Fraud Detection: How NICE Actimize Leverages Agentic AI Technology
NICE Actimize has launched the X-Sight ActOne platform, featuring Agentic AI to enhance fraud prevention through predictive and automated systems. Its InvestigateAI module improves analytic precision and efficiency, enabling financial institutions to process billions of transactions daily while ensuring compliance with data privacy regulations. The platform reduces investigation times by over 50% by leveraging curated risk signals and diverse data sources. Agentic AI automates investigation planning and incorporates Natural Language Processing, balancing automation with human oversight. Built on trust and transparency, X-Sight ActOne ensures traceability of AI insights, vital for compliance in financial operations.
Unlock 3.7% Returns: PayPal Launches High-Yield PYUSD Wallet Balances!
PayPal is launching a rewards program for its PYUSD stablecoin in summer 2025, offering U.S. users a 3.7% annual reward rate on PYUSD holdings in PayPal and Venmo wallets. Users can earn rewards by making purchases, transferring funds, or funding international transfers via Xoom without fees. PYUSD can be converted to U.S. dollars, exchanged for cryptocurrencies, or transferred to Ethereum and Solana wallets. Rewards will be calculated daily and distributed monthly in PYUSD. Users have the flexibility to opt in or out of the program and can redeem their holdings at any time, enhancing the utility of PYUSD.
Ridhi Chaudhary Joins bolttech’s Board to Propel Global InsurTech Growth
Bolttech, a leading InsurTech firm, has appointed Ridhi Chaudhary as a non-executive director following a successful Series C funding round led by the Dragon Fund. Operating in over 35 markets, bolttech connects insurers, distributors, and customers through innovative digital solutions. Chaudhary, with over a decade of experience in private equity and technology investments across sectors like FinTech and healthtech, will provide strategic insights to enhance bolttech’s platform and global expansion. CEO Rob Schimek expressed enthusiasm for her appointment, emphasizing her expertise’s value in the company’s growth journey. Chaudhary looks forward to contributing to bolttech’s innovation in insurance.
Revamping Scam Response: How Financial Institutions and FinTechs Can Leverage AI for Enhanced Security
Scams remain a major threat in the digital age, with scammers stealing an estimated $1.03 trillion annually, according to the Global State of Scams Report 2024. A new whitepaper by Unit21, titled “The Scam-demic,” explores the evolution of scams and the role of emerging technologies, particularly generative AI, which enables fraudsters to create realistic phishing emails and deepfakes. This automation increases their success rates while complicating fraud detection for financial institutions. Unit21 offers advanced tools for scam detection, including AI agents and counterparty risk analysis, to help firms combat these growing threats effectively.
US Dominates RegTech Market with 44% of Global Deals in Q1: A Leader in Regulatory Technology Innovation
In Q1 2025, the global Regulatory Technology (RegTech) sector saw an 18% decline in deal activity, totaling 173 deals compared to 214 in Q1 2024. Despite this drop, funding increased to $2.3 billion, up 18% from the previous year, indicating a shift towards larger investment rounds in high-potential companies. The US led the market with 44% of deals (76), though down 28% from last year. Israel and the UK followed with 10 and 9 deals, respectively. A highlight of the quarter was Cybereason’s $120 million funding round, showcasing strong investor confidence in its cybersecurity solutions.