The “Global Trade Finance Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering. Emergence of clearing houses Clearing houses verifies the financial capabilities of sellers and buyers to smoothen the trade finance operation. It ensures the delivery of desired products in the promised quality and quantity. This prevents complaints and need for arbitration. The demand for clearing houses will lead to the
Visa Inc. announced new analysis showing Visa Advanced Authorization (VAA) using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud—making the global payment ecosystem safer for retailers and consumers. VAA is a comprehensive risk management tool that monitors and evaluates transaction authorizations on the Visa global payment network, VisaNet, in real time to help financial
Spending on artificial intelligence (AI) in the Middle East and Africa (MEA) is poised to reach $290 million this year, rising to $530 million in 2022, according to technology research and consulting firm International Data Corporation (IDC). IDC expects investment in AI across the region to grow 42.5% year-on-year in 2019 and continue increasing at a compound annual growth rate (CAGR)
