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...
July 12, 2017
Making Connected Car Data Monetizable
The average car generates gigabytes of data already — between the engine, infotainment and other computerized systems. And that is only today — before the addition of things like cameras, in-car commerce...
July 11, 2017
Google And AI: The Perfect PAIR?
Speech recognition, image search, translation — those are just the beginning for artificial intelligence, if Google is reading its pulse right. While machines are getting better and better at these skills,...
July 10, 2017
Mizuho Makes Progress In Blockchain Trade Finance Initiative
Japan’s Mizuho Bank is moving forward with plans to use blockchain for trade finance. The bank said Friday (July 7) that it has completed its first distributed ledger-based trade finance...
July 07, 2017
VCs Back Supply Chain, Corporate Banking Disruptors
The U.S. has taken the week to celebrate its Independence Day, but the rest of the global FinTech scene was busy funneling cash into B2B startups. Across India, Australia, France...
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