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AI
In computer science, artificial intelligence, sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans.
(source: en.wikipedia.org)
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Fraud PreventionDeep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem
Account takeovers (ATOs) are a growing source of pain for financial institutions (FIs) and their customers, with losses from these attacks rising...
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Digital OnboardingHow Self-Serve Onboarding Is Powering Real Estate Deals
The pandemic has fundamentally changed all aspects of real estate, and time-consuming procedures like onboarding and ID verification for prospective buyers and...
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Digital OnboardingNew Report: Self-Serve Onboarding Helps Real Estate Firms Take The Digital 3.0 Leap
The world is tentatively reopening industry by industry, but some are still dealing with broad impacts from COVID-19 that could potentially shift...
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Restaurant innovationHow Texas Restaurants Are Using A Safety Seal of Approval To Get Customers Back
In a bid toward normality, states are reopening. No surprise, after months of lockdown: We all want to get something to eat....
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Artificial IntelligenceHow Mastercard Uses AI To Fight Fraud And Make Better Credit Decisions
Mastercard is harnessing artificial intelligence (AI) in a bid to hit fraudsters hard by searching for emerging patterns of criminal activity before they...
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StartupsTech Startups Laid Off 70K Since March
No sector of the U.S economy has been spared from the economic fallout of COVID-19. But the ranks of tech startups have...
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Next-Gen AP AutomationNew Report: Fixing The Global Fruit Supply Chain’s Broken Payments Problem
Small- to medium-sized businesses (SMBs) must often cope with slim operating margins and limited resources, and these two pressures make it essential...
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DisbursementsDeep Dive: How The COVID-19 Pandemic Is Moving SMB Lending, Disbursements Away From Paper Checks
The small- to medium-sized business (SMB) lending industry is used to adaptation, especially since the 2008 financial crisis, when legacy financial institutions...
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Artificial IntelligenceVicarious: There’s Robots, Then There’s ‘Robots-As-A-Service’ Model
Jeff Bezos, Elon Musk, Mark Benioff and Mark Zuckerberg all have something in common other than being billionaires. They all invest in...
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Fraud PreventionWhy Fighting Fraud Means Looking Beyond The Transaction
Consumers’ commerce patterns have been very much upended in the past few months and shifted heavily to digital. On the upside, this...
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Security & FraudNew Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud
As a one-size-fits-all solution does not exist for the increasing problem of synthetic identity fraud, The Federal Reserve reports that experts suggest...
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DataUsing Data And AI To Power The Brain And The Brawn Of The Warehouse
For one of his first assignments early in his consulting career, Alex Ramirez was given a task in warehouse operations, and the...
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Digital-First BankingHow Digitizing KYC Processes Helps Accelerate Onboarding
Customer onboarding and account opening is vitally important for banks to get right, as the processes kick off customers’ relationships with a...
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B2B PaymentsPactum Closes $3M Seed Funding Round
Pactum, which works to let companies automate personalized commercial negotiations on a wide scale, has ended a seed funding round for $3...
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Fraud PreventionDeep Dive: Reducing The Security Risks Of Open Banking
Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data...
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Real EstatePlatforms And AI Are Powering Real Estate Investing’s Digital 3.0 Shift
Stock markets are whipsawing. Bond yields, gyrating. Crypto? Bouncing around, to put it mildly. The pandemic has sent any number of investments...
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B2B PaymentsScout RFP Partners With Suplari To Boost Business Spend Visibility
Scout RFP, which works in cloud-based sourcing and supplier engagement, has integrated with artificial intelligence (AI)-driven analytics platform Suplari in a bid...
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Payments InnovationDeep Dive: Using Payments Orchestration To Power International Growth
The cross-border eCommerce market presents a massive growth opportunity for businesses looking to expand, as eCommerce sales are expected to reach $18.9...
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Next-Gen AP AutomationNew Report: Why Bank of America Says AP Automation Is About Making, Not Breaking The Budget
Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for...
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AuthenticationEnforcing AML/KYC Compliance When Legal Precedent Does Not Apply
The COVID-19 pandemic has upended the way businesses and government agencies verify their customers’, clients’ and citizens’ identities. Social distancing restrictions implemented...
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Voice ActivationSensory CEO: Voice Technology Is About To Make Itself Heard
To say that voice technology is having its moment in the global pandemic’s aftermath isn’t quite accurate. The sector has actually been...
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B2B PaymentsMerkado, Kapital Connection Team To Offer SMB Finance Options
Merkado RHA, which offers digital transformation solutions, will work with Singapore-based Kapital Connection to offer inclusive investing and financing services to Indian...
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Voice ActivationFlipkart Rolls Out Multilingual AI Voice Tool
Flipkart, Walmart’s supermart online grocery store in India, has introduced a voice assistant that allows users to buy products in multiple languages,...
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AmazonAmazon Shopping AI Lets Consumers Try On Digital Outfits, Makes Fashion Suggestions
Amazon could be planning an artificial intelligence-driven virtual shopping service, according to documents from a presentation planned for the IEEE Conference on...
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GoogleGoogle Assistant Could Soon Control Doorbells, Clothes Stylers
On Friday night (June 5) Google Assistant, the artificial intelligence–powered virtual assistant for mobile and smart home devices, was updated to include...
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Cloud BankingDeep Dive: Legacy Banks And The Infrastructure Stumbling Blocks Keeping Them From The Cloud
An expanding number of challenger banks have eschewed the industry’s traditionally slow and steady innovation approach. These banks are offering digital or...
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Cloud BankingWhy Bunq Banks On The Cloud For An Innovative Edge
Nine out of 10 banks still rely on old-school mainframe systems for their core needs, a technological challenge that can result in...
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Fraud PreventionDeep Dive: Preventing Fraudsters From Exploiting FIs’ Omnichannel Blind Spots
Consumers want omnichannel banking access so they can easily switch between in-person branch visits, call center services and mobile apps as needed....
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Fraud PreventionHow To Keep Fraudsters From Scamming Banks Across Every Nook And Channel
More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are...
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B2B PaymentsAscendantFX Looks To Improve X-Border Payments With Payee Intel
Payment solutions firm AscendantFX has introduced a new product, Payee Intel, which will make cross-border payments more efficient and reduce costs, according...
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InternationalTencent Plans $70B Spend For AI, Cybersecurity, IoT Tech
Tencent plans to invest 500 billion yuan, or $70 billion, in cloud computing, artificial intelligence (AI) and cybersecurity over the next five...
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RetailAI Powers Digital Shift In Grocery
Artificial intelligence (AI) is entering the retail mainstream. Domino’s uses it to set pizza delivery times. Sephora’s ColorIQ scans shoppers’ skin to provide custom...
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Artificial IntelligenceAI Robot Enforces Social Distancing At S. Korean Coffee Shop
A smart factory in South Korea has developed an artificial intelligence (AI) solution to help people stay socially distanced and keep the...
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Fraud PreventionDeep Dive: Preventing Financial Crime Amid The COVID-19 Pandemic
The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines,...
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Fraud PreventionDeploying A Multilayered Fraud Prevention System During The COVID-19 Pandemic
Financial crimes are increasing amid the COVID-19 pandemic, with fraudsters impersonating tax officials to steal personal data. Multi-faceted approaches are necessary, as...
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Fraud PreventionHow PNC Is Fighting Pandemic-Fueled Financial Crime
Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold...
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Voice ActivationPandemic Gives A Lift To Voice Assistant Technologies
Voice assistant technology already had an audience even before the coronavirus outbreak gave it a big boost, as it has now radically...
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Security & FraudWhy Fraudsters Like ‘Delivery Attacks,’ And Why AI and ML Alone Won’t Stop Them
The pandemic — and specifically, the lockdowns resulting from it — has spurred criminals to shift their cyber fraud schemes to exploit...
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Artificial IntelligenceAI Deployed To Help Expand India’s Healthcare Services
Healthcare personnel shortages in India are being filled by artificial intelligence (AI) to help make medical services available to segments of the...
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AuthenticationEnlisting AI And Biometrics In The Fight Against Digital Identity Theft
One of the coronavirus pandemic’s less-anticipated consequences in the U.S. has been an escalation in fraud and identity theft. The Federal Trade...
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Digital OnboardingDeep Dive: Why COVID-19 Is Leading To eCommerce Onboarding Security Shifts
The coronavirus pandemic’s impact on retail is proving irresistible for fraudsters, many of whom are taking advantage of consumers’ shifts to online...
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AuthenticationA Digital ID Fix For Online Estate Planning
Estate planning has historically meant knocking on an attorney’s door and filling out paperwork. Laws requiring consumers to have in-person meetings and...
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AuthenticationUsing AI And Biometrics To Digitize Estate Planning
The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal...
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Gig EconomyDeep Dive: How Automation Can Improve The Invoicing Experience During The COVID-19 Pandemic
Paying out invoices to contractors or freelancers can be extremely time consuming for businesses that rely on manual processes. Firms must not...
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Intelligence of ThingsAI-Powered Robots Help Retailers Build Cleanliness As ‘Brand Value’
The rise of the machines seems a bit closer at hand now that we are battling the pandemic. Not the humanoids that...
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Fraud PreventionOut-Thinking Hackers With Adaptive AI
Whether the objective is teaching behavior to kids, being an effective team member, or building more impenetrable cyber defenses, learning from a...
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Fraud PreventionDeep Dive: How FIs Are Confronting Data Lag, Inadequacies In The Face Of Sophisticated Fraudsters
Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of...
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InnovationTrust Over IP Foundation Aims To Increase Online Trust In Data
With the launch of the new Trust over IP (ToIP) Foundation, the Linux Foundation wants to establish a common trust online for...
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Fraud PreventionWhy Understanding Commerce’s New Normal Is Key To Fraud-Fighting Strategies
The last eight weeks has scrambled financial institutions’ tried and tested fraud-fighting approaches as transactions once seen as "abnormal" have become the...
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NewsToday In Payments: Google Phone Data: Mixed Stay-Home Compliance; India’s Jio Gets $750M Boost From Silver Lake
In today’s top news, Google phone data shows variance around the globe for how people are following stay-at-home orders, and Silver Lake...
