July 14, 2017
Cybersecurity, AltFin And A Surprise Startup Prove B2B FinTech Funding...
B2B FinTech venture capitalists are finally in the full swing of summer, with one of the hottest weeks in the industry so far. More than $167 million was funneled into...
July 14, 2017
Amazon Sizzles, Apple Fizzles And A High Profile Merger Fizzle...
Some partnerships seemed destined, perhaps even written in the stars — Romeo & Juliet, Tony & Maria or (of course) Kimye are all good examples. Then there are the things that...
July 13, 2017
AI/BOTS: AI’s Impact on The Digital Retail Revolution
The digital retail revolution is well underway. Fusing technology into in-store experiences has officially gone mainstream, and retailers are looking for ways to go beyond the traditional mobile app. As...
July 13, 2017
Samsung Announces $150M Investment Fund For European Startups
Samsung’s venture capital arm has announced it will use a $150 million global funding round to invest in Europe’s startup scene. CNBC reported news that Samsung NEXT, with the fund...
July 13, 2017
Deep Instinct Raises $32M In Venture Funding
Deep Instinct, the cybersecurity company, announced Wednesday (July 12) it has raised $32 million in Series B financing. In a press release the company said the round was led by...
July 13, 2017
Google Buys India AI Startup Halli Labs
Google confirmed Wednesday (July 12) its acquisition of Halli Labs, a startup in India that is centered on building smart technology systems to take on existing problems in the world....
July 12, 2017
AI Cybersecurity Darktrace Valued at $825M After $75M Round
New cyber threats have shoved legacy antivirus systems into obsolescence. Polymorphic malware changes its profile as it attacks, sliding around pattern recognition-based defenses. Cyber defense firms are therefore developing new...
July 12, 2017
Elon Musk Purchases X.Com Domain From PayPal
Space entrepreneur Elon Musk, the head of Tesla, has purchased the X.com domain name from PayPal. Musk confirmed the purchase in a tweet thanking PayPal for enabling him to purchase...
July 12, 2017
Symantec Buys Skycure To Secure Mobile Devices
Cybersecurity company Symantec recently announced it has entered an agreement to acquire U.S. and Israel-based Skycure, a mobile threat defense company. In a press release, Symantec, which did not disclose...
Generative AI’s use in the telecommunications industry is increasing, with 87% of telecom executives seeing its potential to enhance customer relations and experience, but 68% of telecoms also admit they are insufficiently addressing the risks associated with the technology. The latest edition of the “Generative AI Tracker®,” a collaboration with AI-ID, examines why three-quarters of telecoms see a need to do more to combat AI fraudsters, underscoring the tension between innovation and robust security.
Although authorized party fraud accounts for only 37% of FIs’ fraud losses in dollars, these types of attacks are the most likely to impact customer satisfaction and retention — something FIs cannot overlook. PYMNTS Intelligence’s latest 29-page report, “Leveraging AI and ML to Thwart Scammers,” a collaboration with Hawk, contains 8 charts of proprietary data examining the role of ML and AI to help keep fraudsters from getting the upper hand