The use of artificial intelligence (AI) or automated decisioning in financial services is widespread for many services, from assessing loan applications, to recruitment or to combat fraud. A PYMNTS study shows that 60% of acquiring banks say AI systems are their most important fraud detection...
We’re into 2022, but there are a few trends that continue from last year unabated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
When people talk about artificial intelligence (AI), some people think about robots taking over humanity, but the reality is that AI is more about companies deploying an algorithm that repeats (better and better) a task, providing better outcomes. AI has multiple applications and some of...
In the often-infuriating experiences infamously delivered by customer service chatbots and voice prompts, digital-savvy consumers know there has to be a better way of operating. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Banks in the U.K. have been warned by financial regulators not to use artificial intelligence systems to approve loan applications unless they can prove that their algorithm isn’t biased against minorities, according to the Financial Times. Get the Full Story Complete the form to unlock...
The U.K. government has launched a new AI Standard Hub as part of its National AI Strategy that will aim to increase the U.K. contribution to development of global AI technical standards. Get the Full Story Complete the form to unlock this article and enjoy...
On January 13, the Artificial Intelligence in a Digital Age (AIDA) committee at the European Parliament proposed a possible road map for Europe to reap the benefits of artificial intelligence, urging member states and the European Commission to consider it. Get the Full Story Complete...
Noting the potential benefits of artificial intelligence (AI), the U.S. Chamber of Commerce has launched an advisory panel, the trade group announced Tuesday (Jan. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Israel-based frictionless checkout company Trigo and retailer-owned cooperative Wakefern Food Corp. on Thursday (Jan. 13) announced a partnership for an autonomous supermarket pilot that uses Trigo’s artificial intelligence technology, according to a press release. Get the Full Story Complete the form to unlock this article...
