machine learning

Machine learning is a method of data analysis that automates analytical model building. It is a branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention.

(source: sas.com)

Equifax Says 85% of Its New Models Built With AI
Equifax Says 85% of Its New Models Built With AI
April 18, 2024  |  artificial intelligence

Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.  In announcing the company’s quarterly earnings Thursday (April 18), management noted that...

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Virtual Banks Forge Ahead in Defining Banking’s Digital Future
Virtual Banks Forge Ahead in Defining Banking’s Digital Future
April 10, 2024  |  Digital Banking

The banking landscape is undergoing a digital transformation, as traditional financial institutions (FIs) race to keep pace with evolving consumer preferences and technological advancements.  Santander’s...

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‘Swarm’ Attacks Challenge Traditional Fraud Defenses  
‘Swarm’ Attacks Challenge Traditional Fraud Defenses  
April 04, 2024  |  Fraud Prevention

For as long as hard-earned money has existed, criminals have been trying to take it. And as money itself has evolved across an increasingly digital...

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Seven in 10 Financial Institutions Use AI and ML to Combat Fraud
Seven in 10 Financial Institutions Use AI and ML to Combat Fraud
March 26, 2024  |  Security & Fraud

Recently, PYMNTS sat down with an array of experts and innovators in the artificial intelligence (AI) field to get their thoughts on how the technology...

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Ateliere Establishes AI Advisory Council for Media Software Solutions
Ateliere Establishes AI Advisory Council for Media Software Solutions
March 20, 2024  |  artificial intelligence

Ateliere Creative Technologies has established an AI Advisory Council to help it develop a road map for adding generative artificial intelligence (GenAI) and machine learning...

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Sage Partners With AWS on AI-Powered Accounting, Compliance Tools for SMBs
Sage Partners With AWS on AI-Powered Accounting, Compliance Tools for SMBs
February 28, 2024  |  Partnerships

Sage, an accounting technology firm serving small to medium-sized businesses (SMBs), is partnering with Amazon Web Services (AWS).  This agreement will improve the way SMBs optimize...

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Excitement and Money Flows to Intersection of AI and Robotics
Excitement and Money Flows to Intersection of AI and Robotics
February 27, 2024  |  artificial intelligence

New advances in artificial intelligence (AI) are allowing companies to develop robots with better features and more effective human interaction capabilities. Figure AI has reportedly raised...

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New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
February 26, 2024  |  Fraud Prevention

Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so...

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Databricks Doubles Down on Data to Bring AI to Fortune 500
Databricks Doubles Down on Data to Bring AI to Fortune 500
February 22, 2024  |  artificial intelligence

For all its technological complexity, artificial intelligence (AI) rests on one very simple foundation: data. And it’s here that Databricks has put a stake in...

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