Fintech Research

Sep

The escalating AI fraud crisis and the call for a proactive defense strategy

In July, OpenAI CEO Sam Altman issued a stark warning at a Federal Reserve conference, asserting that AI has “defeated most of the ways that people authenticate currently”. This statement underscores a troubling trend in the financial sector, where fraud-related damages surged by 25% year-on-year in 2024. Nearly half of…

Aug

Fintech Research

Why most AI projects fail in finance

A recent study by MIT’s Media Lab revealed a sobering statistic: across the companies surveyed, 95% of corporate AI initiatives fail to deliver a measurable return. The report clarifies that this is not a technical failure, but rather a lack of P&L impact in the short term. While many organizations…

Aug

Fintech Research

Digital lenders in Mongolia receive a boost from global investors

Mongolia, a country characterized by its vast, sparsely populated landscape, is on the cusp of a financial revolution, driven by digital lending and supported by significant international investment. This new era promises to bridge the long-standing financial access gap for individuals and, more importantly, for small and medium-sized enterprises (SMEs)…

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