📈 Exciting News in AI and Trade Finance! 💼 The market is set to reach USD 38.9 billion by 2033, growing at a CAGR of 15.5% from 2024 to 2033. Here are the key takeaways: - Software segment dominated with a 61% market share in 2023. - Cloud segment showcased a strong presence, amassing over 70% market share. - Machine Learning technology held a significant position, accounting for more than 35% market share. - Trade Documentation and Validation segment captured over 25% market share. - Banks sector maintained a dominant role with a market share exceeding 45%. - North America led the market with over 35% share, generating USD 3.2 billion in revenue in 2023. Exciting developments ahead in the AI in Trade Finance sector! 🚀💬 What are your thoughts on these market insights? Share your views! #AI #TradeFinance #MarketTrends #Software #CloudTechnology #MachineLearning #Banks #NorthAmerica #Innovation #FinanceIndustry #MarketAnalysis #FutureGrowth #TechTrends #GlobalMarket
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Embedded finance payments globally are expected to surpass 6 trillion euros by 2025. That’s according to the new Global Embedded Finance Market 2024 report, which explores how AI, collaboration, and data security are going to be key themes for the sector in the coming year. Read more about the future of embedded finance in FinTech Futures - https://lnkd.in/embZeH-5 #report #payments #embeddedfinance
Global Embedded Finance Market Report 2024: Data Security Emerges as a Top Concern in Europe in Embedded Finance
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The financial landscape is evolving rapidly with the integration of #AI and #ML. Explore 8 transformative applications of these technologies within the industry, from enhanced fraud detection to personalized investment planning. Learn More: https://lnkd.in/gm963D8V #finance #artificialintelligence #machinelearning #fintech #banking
AI and ML in Finance: 8 Transformative Ways for the Industry
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Dutch bank ABN Amro's collaboration with AI platform Complidata to automate its trade finance operations marks a significant development in the financial industry. By leveraging Complidata's TradeSpeed, ABN Amro aims to streamline its documentary tra https://lnkd.in/eX4ZV5MW
ABN Amro Partners with AI Platform Complidata to Automate Trade Finance
thefinancialanalyst.net
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🚀 Discover how trade finance is evolving through digitalization! In this insightful article, Finastra's Head of Trade & Supply Chain Finance, Iain MacLennan, delves into the rapidly changing landscape of global trade finance. He discusses the shift from static data to insight-driven systems, leveraging leading technologies and AI for compliance and scalability. 📖 Read the full article here: https://okt.to/jxzfFB #TradeFinance #Innovation #Agility #Fintech
Trade Finance challenges and opportunities in the digital age
https://www.tradefinanceglobal.com
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Brace yourself for a trade finance ecosystem revolution! Platforms like AI and digital payments are changing the game. Read more: https://lnkd.in/dX9e6KZc 𝐃𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐞𝐱𝐜𝐢𝐭𝐞 𝐲𝐨𝐮? #tradefinance #ai #artificialintelligence
How Ecosystem Offerings Will Transform Trade Finance
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Traydstream led by founder Jees Lazar: Streamlining Trade Finance with AI-Powered Automation Are you a trade finance professional drowning in paperwork? Traydstream got your back. Say goodbye to manual document checking and hello to Traydstream, the innovative platform that utilizes AI to automate trade compliance processes and boost your bottom line. Built by Trade Experts, for Trade Experts: Traydstream understands the complexities of trade finance. Their platform, powered by machine learning, digitizes trade documents and automates error detection, saving you valuable time and resources. Benefits of Traydstream: Unmatched Accuracy: Identify more errors and inconsistencies than a human reviewer, minimizing risks and ensuring compliance. Time is Money: Process trade documents in minutes, allowing you to close deals faster and grow your business. Cost Savings: Reduce processing times and paperwork for improved profitability. Ready to Work, Easy to Customize: Pre-loaded Templates: Start using Traydstream immediately with a vast library of global trade documents and attribute types. Intelligent Rule Engine: Ensures compliance with UCP600, ISBP rules, and other trade regulations. Intuitive Interface: Easily customize templates and attributes to fit your specific needs. Don't just take our word for it. See Traydstream in action! http://www.traydstream.com Explore Traydstream's Solutions: For Banks and Financial Institutions: Enhance trade finance offerings with faster processing and reduced risks. For Exporters: Ensure seamless trade transactions and focus on growing your business. Use the City Shapers discount code: GL-AMB0248 to get your free ticket to SusHi Tech! https://lnkd.in/gGXzaY94 Explore our ideas to maximize your time in Tokyo - https://lnkd.in/gXEPFF9B P.S. As global trade evolves, what are the biggest opportunities and challenges you see for the future of trade finance? How can innovative solutions like AI contribute to a more secure and efficient trade ecosystem? #STT2024GSP
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Versapay’s AI-powered cash application boosts efficiency by 69%, according to findings from its Total Economic Impact™ study. 📈 Dive into this article on Global FinTech Series to learn more about how this Ten Coves Capital PortCo is helping organizations streamline manual processes, reduce errors and significantly improve speed to cash. https://lnkd.in/gktFc62P #fintech #AI
Total Economic Impact Study Reveals 69% Efficiency Gains Using Versapay's AI-Powered Cash Application
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CGAP’s research has demonstrated that #openfinance can be transformational for #financialinclusion by enabling financial institutions to leverage customer data. From improved credit scoring to better client segmentation and customized interfaces and financial products, potential use cases are nearly infinite, especially with the opportunities offered by #AI. That is probably why as many as about 50 governments across the world have implemented or are developing open finance frameworks. But to truly unleash the financial inclusion potential of open finance, key features of the scheme, such as participation, pricing, interoperability, standardization, and governance, play a critical role. CGAP has just released a guide to help governments design effective open finance schemes. Thank you Maria Fernandez-Vidal, Ivo Jeník, and Rafe Mazer! https://lnkd.in/d62wcJnR
The Building Blocks Supporting Open Finance
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MBA Student at Krupanidhi Group of Institutions, Bangalore, Karnataka, India. B.COM Graduate from University of Calicut
Revolutionizing Finance: How Data Science is Transforming Traditional Banking and Investments Recently, the finance world has seen a big change thanks to data science. This shift revolves around harnessing extensive data to drive smarter, more informed decision-making. From spotting fraud to figuring out what different customers need, data science is making banking smarter and more efficient. Using advanced algorithms and machine learning, banks can now predict how customers will behave, evaluate how risky a loan might be, and manage investments more effectively. This isn't just about making better decisions; it's also about making the whole banking experience smoother and more reliable. Investment strategies have also been transformed thanks to data science. Quantitative trading uses complex math models to make super-fast and accurate trading decisions, way beyond what humans can do. This method cuts down on emotional decisions and focuses on data to boost profits. Also, robo-advisors are changing the game by making investment advice affordable and accessible to more people. They use algorithms to offer tailored advice at a fraction of the cost of traditional advisors. As these technologies advance, they're set to make investment even more inclusive and precise, making smarter financial planning and asset management available to everyone. In conclusion, data science is revolutionizing finance with unprecedented accuracy, efficiency, and accessibility, promising more transparent and secure financial services. As these technologies evolve, the main challenge for traditional banks and investment firms will be integrating these innovations to stay competitive in the rapidly evolving digital economy. By embracing these changes, financial institutions and customers alike will benefit, heralding a new era of enhanced financial services driven by data science. #talentserve #datascience #finance
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🚀 The buzz around embedded finance is palpable, yet its adoption is still in its infancy. 📈 According to PwC's Future Market Insights 2023 report, the segment is poised for a 5x growth over the next decade, going from US$ 54.3 billion in 2022 to a projected US$ 248.4 billion in 2032. Notably, Latin America anticipates a substantial expansion, with a 27% annual increase until 2029, culminating in a market worth US$ 13.7 billion by then. 🌐 In the wake of technological strides, the recent economic downturn has spurred non-financial sectors, like retail, to dive into offering competitive financial products—an intriguing shift. 💼 But what about B2B? Activant Research's "The Next Chapter of Embedded Finance" underscores immense untapped potential in integrating financial services into the B2B market, an area yet to be fully explored. 🔗 Presently, corporate access to financial products predominantly clings to outdated, physical channels reminiscent of bygone eras. Picture this: in today's digital age, companies still navigate cumbersome processes, akin to phoning the bank, providing data, and waiting for manual transaction authorization by a manager, especially for transactions surpassing US$ 100,000. Shockingly, archaic offline grids persist. 🎯 The road ahead harbors significant hurdles—from acclimating decision-makers to the nuances of embedded finance to revamping operational models with a digital-first approach. 🔑 The key? Seamlessly integrating software that enhances B2B transactions with an array of financial services. This convergence not only drives down costs and interest rates but also ushers in new efficiencies from emerging players, thereby streamlining operational access and delivering an unparalleled UX. This synergy is the catalyst for the exponential growth of embedded finance within the B2B realm. For those who want to know more, I share the complete Activant Research study: https://lnkd.in/epDwx9Fv #Startups #EmbeddedFinance #Financial Market #B2B
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