September 01, 2020
Credit Card Companies Divided Over Issuing New Cards
The nation’s credit card industry is divided, Bloomberg reported, as some lenders have tightened credit lines while others are introducing new cards. Capital One has reduced credit lines to limit...
September 01, 2020
Deep Dive: How AI and ML Improve Fraud Detection Rates...
Financial crime and other forms of digital fraud are a pressing concern for banks, credit unions and other FIs, with fraudsters stealing $2.8 billion from bank accounts in 2018. Banks...
July 08, 2020
How Mastercard Uses AI To Fight Fraud And Make Better...
Mastercard is harnessing artificial intelligence (AI) in a bid to hit fraudsters hard by searching for emerging patterns of criminal activity before they become major problems, two top executives told Karen...
May 01, 2020
Today In Payments: Savings Rate Surges To Highest Level In...
In today’s top news, the U.S. savings rate surged in March due to the shaky coronavirus economy, and big banks have processed almost 500,000 applications for the second round of...
May 01, 2020
As Pandemic Reshapes Consumer Behavior And Credit Risk: In AI...
The hoarding might be done. Toilet paper is no longer a precious commodity. Grocery shelves are (relatively) well-stocked. As the pandemic continues to take root in the U.S., there are some shifts...
April 29, 2020
Banks Aim AI At Credit Risk, Payments Services
Of the seemingly inexhaustible uses of artificial intelligence (AI) in the financial sector, its applications around managing credit risk and optimizing payment services are among the most promising. The proliferation...
April 24, 2020
Why AI’s Early Adopters Are Laser-Focused On Credit Risk And...
There is a great deal of economic uncertainty in the world today, as many banking managers and executives are acutely aware. These circumstances have brought to the fore what has...
April 15, 2020
Healthcare Looks To AI For Fraud Cure
The applications of artificial intelligence (AI) are manifold, and many feel that perhaps its most meaningful uses are in the healthcare field, where data can be a matter of life...
April 10, 2020
Bringing AI To The Fight Against Healthcare Payments Fraud
The coronavirus pandemic poses an unprecedented challenge to healthcare systems that will likely extend for months — and perhaps even years — to come. More than ever, hospitals and other medical facilities need...
