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Qantev and InsureMO Join Forces to Transform Global Insurance Services
Qantev, an AI claims platform, has partnered with InsureMO to enhance global insurance services by integrating Qantev’s AI solutions with InsureMO’s platform. This collaboration aims to streamline data transfer and improve efficiency among insurers, agents, and healthcare providers. Key benefits include optimized claims processes, improved customer interactions, and valuable data insights. Qantev CEO Tarik Dadi highlighted the partnership as a transformative step for the industry, while InsureMO CEO Woody MO emphasized the alignment with their goal of simplifying insurance. This strategic alliance is set to revolutionize the insurance landscape, making it more accessible and efficient for clients worldwide.
Revolutionizing Trader Support and Risk Management: The Impact of AI on MENA Brokers
At iFX Dubai 2025, Jon Light, head of OTC products at Devexperts, discussed AI’s transformative potential in the MENA region. He emphasized its applications in enhancing broker operations, particularly in customer support, localization, and risk management. AI-driven chatbots can handle 70% of trader queries, while Natural Language Understanding aids in effective communication across diverse languages. AI also enables dynamic risk management and the detection of manipulative trading behaviors. Light advised smaller brokers to focus on solving specific problems before adopting AI. He anticipates that AI will simplify algorithmic trading, allowing traders to design strategies without coding skills.
Visa Unveils Groundbreaking Initiative to Combat Fraud: New Scam Disruption Program Launched!
Visa has launched the Visa Scam Disruption (VSD) initiative as part of its Payment Ecosystem Risk and Control (PERC) to fight financial fraud. Over the past year, VSD has saved potential victims $350 million and helped prevent $40 billion in attempted fraud. This initiative reflects Visa’s commitment to security, backed by over $12 billion in technological investments. VSD employs advanced AI tools to analyze scam networks and has successfully dismantled large-scale operations, notably shutting down a phishing scam that saved $37 million. Visa collaborates with financial institutions and law enforcement to strengthen the financial ecosystem against scams.
Raiffeisen Bank Partners with Wise Platform to Revolutionize Cross-Border Payments in Central and Eastern Europe
Raiffeisen Bank International has partnered with Wise Platform to enhance international payment experiences for personal and business customers in Central and Eastern Europe (CEE). The integration of Wise’s payment infrastructure will streamline money transfers directly from Raiffeisen accounts, boasting impressive efficiency—65% of transfers take under 20 seconds, and 95% are settled within 24 hours. Matthias Dekan from Raiffeisen highlighted the growing demand for seamless international payments, while Wise’s Steve Naudé noted the partnership’s role in modernizing these services. Wise Platform supports transactions across over 160 countries and 40 currencies, ensuring secure and swift transfers.
Juice Secures £25M to Empower SME Founders with Non-Dilutive Capital: A Game-Changer in UK FinTech Lending
Juice, a UK FinTech platform, has raised £25 million to enhance alternative lending for digital entrepreneurs and underserved SMEs. Backed by Aern Capital, Falco Capital, and a credit facility from Paragon Bank, this funding aims to bridge a £22 billion funding gap as over 55% of UK SMEs move away from traditional bank loans. Since its 2019 launch, Juice has utilized a data-driven approach to provide flexible credit lines with no hidden fees. CEO Katherine Chan emphasized the importance of this funding in offering SMEs not just capital, but also actionable insights for sustainable growth.
Revolutionizing Anti-Money Laundering: How AI is Transforming the Fight Against Drug Trafficking
As the fentanyl crisis intensifies in Canada, authorities are utilizing innovative technology to combat drug trafficking and its financial networks. In 2024, over 10 pounds of fentanyl were seized by Canadian border officials, with additional seizures from the U.S., prompting increased tariffs and calls for stronger anti-money laundering (AML) measures. Key players in the trafficking include Chinese suppliers and Mexican cartels. Financial institutions are essential for detecting illicit financial activities, with recent alerts highlighting online gambling platforms used for money laundering. Strengthening AML efforts through improved customer due diligence and AI-driven compliance could save Canada up to $65 billion.