FTNI says this is the latest enhancement to its ETran platform, which incorporates check scanning, ACH processing and credit card processing on a single, payment card industry-compliant, managed platform to help clients reduce costs, accelerate timelines and improve transaction processing quality. Since the Web payment technology is incorporated and delivered seamlessly within FTNI’s SaaS-based ETran platform, merchants are able to manage all of their incoming payments on a single platform, says FTNI, adding that the enhancement makes ETran’s recurring payment functionality available to a wider audience, including
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Human oversight would still be needed, especially for underwriting, industry experts say. Yet linking voice recognition with AI engines will put insurance agents jobs at risk, they add.
August 28 -
One particular focus of attorneys general in the insurance space will likely be companies' use of AI in underwriting.
August 28
Hogan Lovells Cadwalader -
More than one-third, 37%, of customers who use AI to research insurance options changed their policy as a result.
August 28 -
Andrew Engler, CEO and co-founder of the insurtech, shared that if a property owner is willing to invest in reducing the possibility of a catastrophic loss, it should translate into insurance value.
August 27 -
To find the most success with AI, insurance companies should view it more as a way to fundamentally rework processes, according to the experts who write for InsureThink.
August 27 -
Introducing insurance options during the auto purchasing process correlates to a 20% boost in finance and insurance gross, according to Polly's Q2 embedded insurance report.
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