June 29, 2017
Live More. Bank Less. Bot Smarter.
Singapore’s DBS Bank has a philosophy — Live More, Bank Less — which, at first seems like an odd mission for a multinational bank to adopt. Unless, of course, executing that strategy is...
June 29, 2017
Developing A Healthy Online Business
When it comes to pumping up sales, strategically infused tech can be downright performance-enhancing. In the latest PYMNTS.com Developer Tracker™, powered by Vantiv, Ben Brown at technology-powered health company NutraClick...
June 28, 2017
IBM Is In D.C. Making The Case Why AI Won’t...
IBM is in Washington, D.C., this week to make the case to federal government officials that artificial intelligence isn’t going to steal jobs from humans. According to a report in...
June 27, 2017
AI/BOT: Is AI The Key To Retail’s Survival?
Maybe. Over the course of the last few years, eCommerce has sprung up and put the brick-and-mortar side of the retail industry on notice. A growing number of eCommerce-focused merchants like...
June 27, 2017
Mitek’s CEO On Keeping The Right “Innovation Head Space”
Innovation in the tech industry moves pretty fast. If you don’t stop and look around every once in a while, you could miss it. In this week’s Commander in Chief...
June 25, 2017
South Korea: KFTC reviews Google and Facebook’s market dominance
The Korean Fair Trade Commission (KFTC), under the new leadership of former civic activist Kim Sang-jo, seems to be targeting major global IT companies – Google and Facebook – in...
June 23, 2017
SAP Ariba Watches Procurement Find Its Purpose In Global Markets
Fresh off the Ariba Live event held in Prague earlier this month, SAP Ariba is taking a fresh dive into the trends driving procurement. The company recently released its Spot...
June 22, 2017
Fraugster Launches eCommerce Fraud Prevention Tool
Fraud protection will likely be an ongoing task for merchants. This week, German-Israeli payment security company Fraugster debuted its answer to the fraud conundrum. The new Fraud Free Product fraud prevention solution aims...
June 22, 2017
How AI Catches Costly Overpayments To Suppliers
Even with the rise in eInvoicing and electronic B2B payments, disconnects, miscommunication and erroneous transactions plague the accounts payable department. Finding where those errors are via manual auditing can be...
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