January 17, 2017
AI Fraud Solution Startup Fraugster Raises $5M
German and Israeli anti-fraud technology startup Fraugster is working to make fraud detection smarter. The startup recently raised $5 million in a venture funding round led by international venture capital...
January 16, 2017
Microsoft Buys AI Startup Maluuba To Democratize AI
Microsoft announced late last week it is acquiring Maluuba, a Montreal-based company that runs what Microsoft calls one of the world’s most impressive deep-learning research labs for natural language understanding....
January 13, 2017
Digit Launches New Savings Bot
Another financial service app has launched a chatbot this week. Digit announced the launch its savings bot, which will live on Facebook’s Messenger platform. The San Francisco-based company said this will...
January 13, 2017
B2B Investors Go Big In Alt-Lending
The alternative lending industry continues to scoff at doubters, and the latest B2B venture capital roundup suggests confidence is growing in the space — and not just in the U.S.,...
January 12, 2017
Data Enablers: Grey Jean Technologies, AI + Consumer Behavior Data...
Customers are interesting creatures. They have high expectations for retailers, and they only want more. Studies say consumers are holding retailers to a higher standard than in past years. Consumers want...
January 12, 2017
Amazon Tracker: Show Me The Numbers
So far, so good. The new year has decided to play nice with Amazon’s stock. (Last year, if you recall, Amazon’s stock caught a small case of the post-Yuletide blues.)...
January 12, 2017
AI FinTech Kasisto Grabs $9.2M In Funding
FinTech startup Kasisto, which focuses on artificial intelligence (AI) used in smartbots, announced a $9.2 million Series A funding round Thursday (Jan. 12) that was led by Propel Venture Partners....
January 12, 2017
Globality Launches To Put SME Sellers On A Global Stage
A new online B2B marketplace has launched, though it’s not simply a platform for companies to procure goods online. Reports Wednesday (Jan. 11) said Globality has emerged on the B2B...
January 11, 2017
AI Platform By Conversica Automates Business Conversations
Investment activity picked up for the first full week of the new year as measured against the last week of December, logging a total of just under $519 million. This...
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