Hello Human,

Introduction

In today’s issue, we dive into how AI is shaping business risk management, finance automation, fraud prevention, and economic growth. AI's influence continues to expand, driving both innovation and challenges across industries. Let’s explore today’s top stories.

Today's Insights

1. AI Ranks Among Top Risks for European Businesses
   A new report reveals that AI has emerged as a top business risk across Europe, alongside cyber and data security. The Chartered IIA’s annual Risk in Focus 2025 report shows that 40% of chief auditors now rank AI as a top-five concern, up from 33% last year. By 2028, AI is projected to be the second biggest risk, primarily due to its potential to facilitate cybersecurity threats like deep fakes.

2. Ex-Revolut Employees Launch AI Startup to Automate Accounting
   LiveFlow, a startup founded by former Revolut employees, is using AI to automate accounting tasks while aiming to preserve jobs in the accounting field. The company raised $13.5 million in Series A funding and focuses on enhancing rather than replacing human accountants. Their AI-driven platform consolidates financial data and streamlines workflows for small businesses.

3. Mastercard Uses AI to Combat UK Fraud Epidemic
   Mastercard has upgraded its Consumer Fraud Risk (CFR) tool using AI to fight the rise of real-time payment scams in the UK. This AI-driven system provides real-time fraud detection, enabling banks to better protect customers and meet upcoming regulations requiring reimbursement of fraud victims. The technology has already prevented numerous scams and is slated for global expansion.

4. AI Investments Set to Drive Asia's Economic Growth
   AI investments are forecasted to boost economic growth in developing Asia, with the Asian Development Bank predicting a 5% growth rate for the region in 2024. Countries like China and South Korea are leading this AI-driven expansion, despite some challenges in China’s property market. South Asia, especially India, continues to grow due to increased government spending and private consumption.

5. AI Crucial for Customer Experience, but Skill Gaps Remain
   According to a Genesys report, 70% of customer experience leaders believe AI is essential for improving customer interactions. However, only 34% feel their organizations have the skills needed to implement AI effectively. While basic AI tools like chatbots are widespread, more advanced features such as sentiment analysis remain underutilized, highlighting a significant skills gap in the field.

Trending GPTs

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3. Image Mosaic
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4. Joint Project
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5. Screenplay GPT
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Prompt of the Day

Unleash your creative side with today's AI prompt. Give it a go and see what fascinating ideas it brings to life:

Create a detailed business strategy for a startup using AI to enhance customer service in e-commerce, focusing on personalization, fraud prevention, and customer loyalty.

That's all for today's entry. Stay tuned for tomorrow's insights.

Stay curious, Human.