AI GAP STUDY
In the new study, The AI Gap, PYMNTS interviews executives at 200 FIs and analyzes over 12,800 data points. The research discovers that only 5.5 percent of banks actually use what experts call “true AI” to reduce false-positives and fight AML, as well as optimize credit and other payments and banking products. Get all the details here.
LATEST AI PODCASTS
November 20, 2019
There is often a significant gap between efficiency and creativity, and that’s playing out now in the world of artificial intelligence (AI), and could have impacts on payments and commerce. The first stop on this small tour of ongoing AI developments involves Nike, the iconic global shoe brand. Jean-Baptiste Le Divelec, who on his website […]
September 26, 2019
The real power of AI, Mastercard SVP and Head of Brighterion, Sudhir Jha told Karen Webster, is in offering solutions that dynamically respond to risks as they appear, without inserting stumble steps that slow down the customer’s front-end security.
July 9, 2019
The rise of artificial intelligence is not a single force or event — not like the tide rising in the distance. It is countless steps forward (or sideways), little bits of progress and development — pieces fitting together to form a still unseen whole. In this case, artificial intelligence (AI) is moving deeper into the acquiring world. […]
June 11, 2019
Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has been used by financial institutions (FIs) to great effect. In fact, a typical consumer who gets a fraud alert might not even know there was an algorithm working behind the scenes that spotted suspicious activity. One of the prominent […]