machine learning

Machine learning is a method of data analysis that automates analytical model building. It is a branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention.

(source: sas.com)

PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
September 15, 2021  |  Fraud Prevention

Financial institutions (FIs) want to reduce fraud, but at the same time don’t want to create false positives, which is the flagging of legitimate customers...

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Wells Fargo Unveils AI-Boosted Integrated Receivables Service
Wells Fargo Unveils AI-Boosted Integrated Receivables Service
September 08, 2021  |  B2B Payments

Wells Fargo & Company announced on Wednesday (Sept. 8) the availability of Integrated Receivables, a new accounts receivable (AR) service rooted in artificial intelligence (AI),...

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Report: What 100 Healthcare Execs Had to Say About Using AI to Stop Fraud, Waste and Abuse
Report: What 100 Healthcare Execs Had to Say About Using AI to Stop Fraud, Waste...
September 03, 2021  |  Artificial Intelligence

The average United States healthcare insurer has 22% of all claims flagged for fraud, waste and abuse (FWA) investigation, costing them roughly 12% of the...

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The ‘Subscription Goldilocks Zone’ Is Within Reach For Merchants Using AI & ML
The ‘Subscription Goldilocks Zone’ Is Within Reach For Merchants Using AI & ML
August 04, 2021  |  Subscriptions

Everyone has a story of their subscription service going wrong. The Ziploc bag collection that ran out of control that has taken over the basement....

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Report: APIs Reduce Compliance Frictions For Cross-Border Merchants
Report: APIs Reduce Compliance Frictions For Cross-Border Merchants
July 15, 2021  |  Cross-border Payments

The international eCommerce space has flourished since March 2020. Consumers around the globe have been shifting to shopping and transacting online, giving eTailers all-new opportunities...

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Retailers Turn To AI/ML To Align Physical Shelf Requirements With Digitally Derived Insights  
Retailers Turn To AI/ML To Align Physical Shelf Requirements With Digitally Derived Insights  
July 13, 2021  |  Retail

As the uptake and deployment of eCommerce continues to soar, retailers and brands are increasingly looking for ways to make their stores as connected as...

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How AI And Machine Learning Can Address Banks’ Fraud-Fighting Weaknesses
How AI And Machine Learning Can Address Banks’ Fraud-Fighting Weaknesses
July 09, 2021  |  Fraud Prevention

Cybersecurity is of the utmost concern for financial institutions (FIs) of all types, ranging from community credit unions to multibillion-dollar international banking conglomerates to everyday...

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FBI: Why AI And MFA Provide The Most Effective Fraud Defense
FBI: Why AI And MFA Provide The Most Effective Fraud Defense
July 08, 2021  |  Fraud Prevention

Fraudsters’ use of social engineering and phishing continues to triumph many of the modern-day fraud-fighting techniques. In this month’s Digital Fraud Tracker, PYMNTS talked with...

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FBI: Businesses Need AI to Curb Social Engineering, Phishing Fraud
FBI: Businesses Need AI to Curb Social Engineering, Phishing Fraud
July 07, 2021  |  Fraud Prevention

Digital fraud has been a steadily growing issue over the past few decades, but it was kicked into overdrive during the past year due to...

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