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)

Smaller FinTech Issuers Lose Nearly 60% More Revenue to Fraud Than Larger Ones
Smaller FinTech Issuers Lose Nearly 60% More Revenue to Fraud Than Larger Ones
November 07, 2023  |  Fraud Prevention

Fraud schemes are evolving alongside technology, becoming more sophisticated and mutating to exploit vulnerabilities within financial institutions. In fact, fraud incidents increased by 13% in...

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75% of AP Teams Reported Processing More Invoices Last Quarter
75% of AP Teams Reported Processing More Invoices Last Quarter
October 31, 2023  |  Accounts Payable

Accounts payable (AP) staff have been working extra hours as they use legacy and manual procedures to handle a growing number of invoices. Seventy-five percent...

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Nearly Half of FIs Tap Deep Learning Systems to Fight Fraud
Nearly Half of FIs Tap Deep Learning Systems to Fight Fraud
October 31, 2023  |  Fraud Prevention

Artificial intelligence (AI) has become increasingly prevalent across various industries, offering a wide range of capabilities. In the payments industry, AI has proven to be...

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Twinco Capital and BBVA Spark Join Forces on Trade Finance
Twinco Capital and BBVA Spark Join Forces on Trade Finance
October 27, 2023  |  Investments

Supply chain FinTech company Twinco Capital has secured an additional 50 million euro ($53 million) facility with BBVA Spark, a banking unit for high-growth and innovative...

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Merchants Turn to AI Key to Improve Customer Retention
Merchants Turn to AI Key to Improve Customer Retention
October 25, 2023  |  Artificial Intelligence

Artificial intelligence (AI) has left the pages of science fiction behind and entered the workforce.  And its latest evolution, generative AI, is already having an...

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Generation Z Will Help Shape Payments Innovations for Years to Come 
Generation Z Will Help Shape Payments Innovations for Years to Come 
October 25, 2023  |  Payments Innovation

Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics. Among the overarching trends dominating...

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There Are a Lot of Generative AI Acronyms — Here’s What They All Mean
There Are a Lot of Generative AI Acronyms — Here’s What They All Mean
October 17, 2023  |  artificial intelligence

Generative artificial intelligence (AI) represents an entirely new computing paradigm. To view large language models (LLMs) as merely chatbots is equivalent to thinking of early...

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Intuit Launches QuickBooks Bill Pay to Automate AP Process
Intuit Launches QuickBooks Bill Pay to Automate AP Process
October 16, 2023  |  Commercial Payments

Intuit, the financial technology platform, has announced the launch of QuickBooks Bill Pay, which aims to transform bill pay for businesses while delivering accounts payable...

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Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023  |  Security & Fraud

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example,...

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