As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where the very characteristics of individuals — such as fingerprints, facial features or iris patterns —...
Microsoft’s decision to ban police departments from using its Azure OpenAI Service for facial recognition reflects the technology industry’s struggle to balance the promises and perils of artificial intelligence (AI). The move signals that Big Tech companies are increasingly enforcing guardrails around AI systems amid...
This week in artificial intelligence, Anthropic is launching its first smartphone app. In computer programming, AI is rapidly reshaping practices from Silicon Valley to major tech firms. Despite Europe’s tech lag, companies are heavily investing in AI, potentially disrupting sectors like finance and manufacturing. Anthropic Launches Claude...
Microsoft has banned police departments from using its Azure OpenAI Service for facial recognition purposes. The company added language to its code of conduct Thursday (May 2) saying that this artificial intelligence (AI) service may not “be used for facial recognition purposes by or for police departments in the United...
May 08, 2024
As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where the very characteristics of individuals — such as fingerprints, facial features or iris patterns — are used to authorize transactions securely and safely. “Biometric authentication, […]
May 01, 2024
Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce. And in an era where technology has become increasingly sophisticated, so too have the...
March 29, 2024
Last year, banks shuttered 2,300 branches. The move should come as no surprise, given the fact that banks, like any other business, have been examining their cost structures. At the...
March 01, 2024
Siddharth Vijayakrishnan, senior vice president of product and financial intelligence at FIS Platform and Enterprise Products, said that online authentication is a work in process — but we may never quite be free...
May 15, 2024
Imagine being able to control your iPhone not with your hand, but with your eyes. Apple says that scenario could soon be a reality, part of a series of tools for users with physical disabilities announced Wednesday (May 15). “Each year, we break new ground when it comes to accessibility,” Sarah Herrlinger, Apple’s senior director of global accessibility policy […]
May 02, 2024
Microsoft has banned police departments from using its Azure OpenAI Service for facial recognition purposes. The company added language to its code of conduct Thursday (May 2) saying that this artificial intelligence (AI) service may...
May 02, 2024
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a...
April 25, 2024
Eyeball scanning digital ID startup Worldcoin is reportedly considering a partnership with tech company OpenAI. This exploration comes after months of privacy-focused scrutiny from regulators around the world. Alex Blania, CEO of Worldcoin...
