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...
March 16, 2017
X-Border Commerce Enabler Flow Sees $13M Series A
Cross-border commerce solution provider Flow recently announced the close of a $13 million Series A investment from Bain Capital Ventures. Founded in 2015, Flow provides a cloud-based software solution that...
March 15, 2017
Study Shows Retailers Hesitating at The IoT Starting Line
The Internet of Things (IoT) is well beyond its initial start line. When it comes to the question of whether or not businesses should incorporate IoT aspects to help both...
March 15, 2017
Xero Introduces Machine Learning Into Accounting Platform
SME accounting firm Xero is integrating machine learning technology into its solution, the company announced this week. Reports Tuesday (March 14) said Xero is deploying a machine learning automation system that...
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