Innovation

Innovation in its modern meaning is "a new idea, creative thoughts, new imaginations in form of device or method". Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.

(source: en.wikipedia.org)

As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
December 06, 2023  |  Politics

The question must be asked as Rep. Patrick McHenry, R-N.C., takes his leave of Congress: What happens to financial services regulation, and by extension, payments...

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Consumers Avoid QR Code Menus at Independent Restaurants
Consumers Avoid QR Code Menus at Independent Restaurants
December 05, 2023  |  Restaurant innovation

When it comes to QR code menus, consumers are rarely huge fans, and this dislike is more pronounced at independent restaurants. By the Numbers According...

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On Capitol Hill, Regulators Say AI Illustrates Financial Innovation’s Rewards and Risks
On Capitol Hill, Regulators Say AI Illustrates Financial Innovation’s Rewards and Risks
December 05, 2023  |  Innovation

A half dozen regulators convened on Capitol Hill Tuesday (Dec. 5), pointing to the benefits of collaboration between government, the private sector and the public...

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Connectivity Defined the Past Decade — Interoperability Will Shape the Next
Connectivity Defined the Past Decade — Interoperability Will Shape the Next
December 04, 2023  |  Innovation

A decade ago, in 2013, Amazon counted around a thousand robots across its fulfilment warehouses. That same year, tech giant Google spent more on headcount...

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This Week in AI: ChatGPT’s Birthday, Amazon’s Ambitions, Payment Efficiencies 
This Week in AI: ChatGPT’s Birthday, Amazon’s Ambitions, Payment Efficiencies 
December 01, 2023  |  Artificial Intelligence

Thursday (Nov. 30) was OpenAI’s ChatGPT’s first birthday.  And what a year it’s been for the generative artificial intelligence (AI) landscape more broadly.  We are...

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Google AI Discovers 800 Years’ Worth of Industrial Materials in One Click
Google AI Discovers 800 Years’ Worth of Industrial Materials in One Click
November 30, 2023  |  Artificial Intelligence

The future of industrial material sciences is starting to crystallize — literally. Google published a research paper Wednesday (Nov. 29) unveiling more than 2 million...

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Prompt Engineering for Payments AI Models is Emerging Skillset
Prompt Engineering for Payments AI Models is Emerging Skillset
November 29, 2023  |  artificial intelligence

“AI (artificial intelligence) will not take your job, someone using AI will take your job.” That’s according to Geneva Graduate Institute Professor Richard Baldwin, who...

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Merriam-Webster’s Words of the Year Reflect Growing Impact of AI
Merriam-Webster’s Words of the Year Reflect Growing Impact of AI
November 28, 2023  |  artificial intelligence

The very phrase artificial intelligence (AI) itself promises two things: intelligence and artificiality. And while it is the leverageable machine intelligence that businesses and organizations want, it...

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AI Systems That Master Math Will Change the World
AI Systems That Master Math Will Change the World
November 28, 2023  |  Artificial Intelligence

The world may never know just what happened at OpenAI during last week’s whirlwind. After the headline-grabbing drama, CEO Sam Altman was reinstated without a...

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