AI refers to the simulation of human intelligence in machines programmed to think and learn like humans.
5 Trends Rewriting the Rules in the Financial Sector
BFSI organizations spend an average of $1.2 million a year on cybersecurity. Open Banking APIs present both opportunities for innovation and potential entry points for cyber threats.
Fintech Company & ADCB launch Egypt’s First Transactional Fraud Solution Powered by AI
Network International and ADCB Egypt unveil the FICO® Falcon® Fraud Manager. The solution utilizes AI and ML for superior fraud detection.
CBN report reveals the top three ways Nigerian fintechs are using AI
87.5% of surveyed fintech companies in Nigeria use AI tools for fraud detection. ₦17.6 billion ($11.2 million) was lost to fraud in Nigeria in 2023.
Kaspersky Shares Top 5 Trends in the Financial Sector
BFSI organizations spend an average of $1.2 million annually on cybersecurity, which is significantly lower than the average cost of a major security incident at $3.2 million. Open Banking APIs present both opportunities for innovation and potential entry points for cyber threats.
Google for Startups Accelerator 2025: Empowering South African AI Innovators
Google has opened applications for the 2025 GFSA program in South Africa targeting AI and machine learning startups. Selected startups will receive R1 million in equity-free funding.
