March 23, 2017
CO-OP Financial Enlists AI In Fraud Fight
CO-OP Financial Services announced it will now bring artificial intelligence (AI) to the table when it comes to combatting fraud. The company said it will rollout a machine learning-based risk...
March 23, 2017
Chinese Investment In Neurala, Others, Worries US
Boston-based artificial intelligence startup Neurala has created a deep learning neural networks platform and software. While Neurala has seen some funding success, including a $14 million Series A venture funding...
March 22, 2017
Deutsche Bank Joins Competitors To Open NYC Innovation Hub
Deutsche Bank, the Wall Street investment firm, announced Tuesday (March 21) the launch of an innovation lab in New York City. According to a report in The American Banker, Deutsche...
March 22, 2017
Coupa Software Hit By Major W-2 Form Phishing Fraud
Earlier this month, Coupa Software fell victim to a data breach that exposed the IRS W-2 payroll forms of its employees. According to SiliconBeat, a fraudster impersonated Coupa’s CEO and...
March 21, 2017
Samsung Launches Bixby, Says Its Better Than Other Virtual Assistants
Putting rumors to rest, Samsung Electronics announced Monday (March 20) the launch of Bixby, its virtual assistant aimed to take on Amazon’s Alexa and Apple’s Siri. In a press release,...
March 20, 2017
Yes Bank Accelerator Eyes B2B FinTech In Newest Accelerator Program
Yes Bank has chosen 12 startups to partake in its accelerator program, and among them are several B2B FinTech players. The India bank’s program, launched in partnership with T-Hub, announced...
March 17, 2017
Samsung Galaxy S8 To Have Facial Recognition For Payments
Samsung’s Galaxy S8 is coming out at the end of the month, and leaks have been abounding about what will be included in the upcoming smartphone. While expectations are that it...
March 17, 2017
Flashy FinTech Not Always The Answer To Better Corporate Banking
Financial software firm Misys had a bit of a roller coaster year in a market constantly in flux. The U.K. company canceled its IPO last October, citing “current market conditions” as its...
March 16, 2017
Chatbots Bringing On Business Operations Revolution?
Whether someone is buying a product, attending a concert or renting a truck to move furniture, there’s some level of customer service involved. It’s the one major thread running through...
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.
Forty-six percent of FIs say the fraud risks of providing open banking outweigh the benefits, but the share of skeptics rises to 57% among FIs that experienced increased fraud. PYMNTS Intelligence’s latest study of 200 FI execs, “How Fraud Fears Impact FIs’ Adoption of Faster Payment Solutions,” a collaboration with Hawk AI, details why FIs are cooling toward open banking but staying the course on real-time payments.