Fintechs are Keeping Themselves Safe From AI

What we’ll cover today:

🕵️‍♂️ How is AI Beating Deepfakes in Fintech?

🤖 The AI Adoption in Fintech.

🔍 There’s a Lot of AI ‘Success Theater’ in Fintech- HSBC Exec

🔗 The Event Roundup

How is AI beating deepfakes in Fintech?

Deepfakes are getting better at faking identities, but fintech is fighting back with AI.

Rahul Ayyappan, CTO of Finacus Solutions, explains how AI is spotting deepfakes with precision.

Here’s how:

• Facial Analysis: AI detects subtle changes in skin texture, lighting, and facial movements.

• Micro-Expression Detection: It identifies quick, involuntary expressions that deepfakes struggle to mimic.

• Real-Time Cross-Checking: AI instantly compares live videos with documents for inconsistencies.

• Continuous Learning: AI adapts to new deepfake tricks, staying ahead of fraud.

• Advanced Tech Combo: AI uses blockchain and thermal imaging to strengthen security.

With AI in the mix, fintech is making identity theft harder than ever.

Here’s the whole article

1. The AI Adoption in Fintech.

This is a tweet by Fazir Ali, Head of Experience Design at ToyotaFinancial and ex-JPMorgan.

In his recent tweet, he wrote: “The Fintech Open Source Foundation (FINOS) charts the path for AI adoption in finance.” And gave four valuable pointers.

Here’s the Tweet

2. There’s a Lot of AI ‘Success Theater’ in Fintech- HSBC Exec.

“Candidly, there’s a lot of success theatre out there” when it comes to applying artificial intelligence in banking, HSBC’s head of generative AI said at a tech event in London this week.

“We have to be very clinical in terms of what we choose to do, and where we choose to do it,” Achtner told attendees of the event, held at the Royal Albert Hall in London earlier this week.

Here’s the Article

1. Mastercard will modernise South African card payments through a new solution.

Mastercard, a global payment technology leader, has launched its real-time card payment solution in South Africa.

According to Finextra, the initiative marks a significant milestone as South Africa becomes the first country to benefit from Mastercard’s push to modernise card transactions.

2. Exploring loss aversion: A new dimension in investor risk profiling.

According to EveryoneINVESTED, traditional risk assessments typically focus on balancing risk and return, but loss aversion—a psychological phenomenon where losses are felt more acutely than gains—is an integral component of investor psychology.

3. Fintech OpenBB aims to be more than an ‘open source Bloomberg Terminal’

Fledgling fintech startup OpenBB is revealing the next step in its plans to take on the heavyweights of the investment research world. The company is launching a new, free product version that will open its arsenal of data and financial tooling to more users.