Generative artificial intelligence (AI) as we know it began in earnest in 2017. That’s when a paper from Google’s DeepMind group titled “Attention Is All You Need” introduced the foundational architecture of transformer neural networks and socialized the revolutionary concept of multi-head attention, effectively slingshotting the capabilities of AI models...
The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $250 million in penalties and restitution to customers. The move comes in response to the bank’s “systematically double-dipping” on fees imposed on customers with insufficient funds, failure to pay reward bonuses explicitly promised to credit card...
Checkout.com says it is using artificial intelligence to onboard customers in under two minutes. The payments solutions provider on Tuesday (July 11) announced the launch of Identity Verification, an artificial intelligence (AI)-powered video verification tool. “Identity fraud is evolving, with deep fakes and deceptive documents growing in sophistication,”...
The direct-to-consumer (D2C) playbook really had a moment. It even had staying power through the pandemic as it provided brands with a way to reach consumers directly, bypassing traditional distribution channels and establishing a closer connection with their audience. D2C strategies enabled companies to control...
Despite being in operation for 12 years, The RealReal has yet to achieve profitability. However, other brands and retailers have observed the popularity of resale and are embracing it. This leads to the question of whether the efforts put into resale initiatives are truly worthwhile. ...
Flutterwave has launched a product to help African students pay school fees when studying abroad and at home. The new payment product, Tuition, will enable African users to conveniently pay fees to educational institutions both within Africa and overseas by using their local currencies, the payments technology...
In a victory for companies like Google and Meta, Europe and the U.S. have reached a data-sharing agreement. The European Commission announced Monday (July 10) the finalizing of the EU-U.S. Data Privacy Framework after concluding that the U.S. offers a level of data protection in line with...
There exists one golden rule of business operations: Any process can be streamlined. And quite frequently, it can be combined with other operations for a more efficient result. That’s because no matter the method or how long it has existed as status quo, it will...
When consumers are shopping in stores in the post-pandemic age, they seek new checkout experiences that offer the same benefits they’ve grown accustomed to online. Kristjan Johannsson, general manager at LS Retail, told PYMNTS that unified point-of-sale (POS) technologies and software-as-a-service (SaaS) could help bring...
