Banks have a lot of data on their customers, but most of it sits unused. The customer gets flooded the same generic offer everyone else gets, and the bank misses a warning sign of fraud its own systems could have caught earlier, simply because nothing...
Anthropic is giving retailers a set of blueprints to build artificial intelligence agents that can help shoppers find products and assist merchants with tasks including inventory, pricing and marketing, as retailers prepare for the holiday shopping season. The AI company announced the blueprint Wednesday (Sept....
The Federal Trade Commission wants to use existing consumer protection law against artificial intelligence companies that present their systems as accurate but deliberately steer answers toward another goal without clearly telling users. The proposal, published July 1 under Section 5 of the FTC Act, calls...
The technology industry’s campaign to block state regulation of artificial intelligence is losing political force as public anxiety and election-year pressures embolden lawmakers to advance new restrictions. State legislators are pursuing measures covering frontier-model safety, independent audits, children’s interactions with chatbots, data privacy, and the...
A valid card credential may tell an issuer that an artificial intelligence agent can pay. It does not necessarily tell the issuer whether the AI agent should make this particular purchase. That distinction sits at the center of a new effort to build common technical standards for...
The U.S. has joined the country’s tech giants in urging G20 members to relax their stance on regulation of artificial intelligence (AI). For example, Nvidia CEO Jensen Huang on Wednesday (Sept. 2) urged G20 countries at their meeting in North Carolina to not craft AI regulations...
OpenAI says its upcoming Astra model is the first to meet its “Critical” cybersecurity threshold. The artificial intelligence (AI) startup noted this development in a blog post Tuesday (Sept. 1) after spending the last few weeks testing Astra’s capabilities. “We now believe Astra meets the...
Artificial intelligence agents are poised to influence discovery, payment choice and transactions. But only 23% of merchants can clearly identify both AI-driven traffic and purchases today, according to findings in the PYMNTS Intelligence report “Global Digital Shopping Index: Merchant Edition,” commissioned by Visa Acceptance Solutions. Another 21%...
Know-your-customer (KYC) checks are expensive partly because a bank isn’t simply verifying an identity. Compliance teams have to collect information from documents, reconcile it across systems, investigate potential risk factors and build an auditable record explaining how they reached a decision. Incore Bank, a Swiss...