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)

Swift Turns to AI to Battle Cross-Border Payment Fraud
Swift Turns to AI to Battle Cross-Border Payment Fraud
May 30, 2024  |  Artificial Intelligence

Swift is partnering with a group of banking giants to combat cross-border payment fraud. The global messaging service announced in a news release Thursday (May...

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Credit Union Innovation Hinges on Payment Speed and Security
Credit Union Innovation Hinges on Payment Speed and Security
May 30, 2024  |  Credit Unions

In an era of rapid technological advancement, there remain certain immutable aspects — particularly for payments. When it comes to the way businesses and consumers...

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CBDC Scrutiny Underscores Role of Compliance in Scaling Digital Innovations
CBDC Scrutiny Underscores Role of Compliance in Scaling Digital Innovations
May 29, 2024  |  CBDC

The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it...

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AWS and SAP Team on Generative AI Offerings
AWS and SAP Team on Generative AI Offerings
May 29, 2024  |  Artificial Intelligence

Amazon Web Services expanded its partnership with enterprise application programming software firm SAP. The collaboration is designed to make it easier for customers to adopt...

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Unattended Payments Shape the Future of Retail Transactions
Unattended Payments Shape the Future of Retail Transactions
May 29, 2024  |  Payments Innovation

Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations. However, there has been a shift, with unattended payments technologies increasingly becoming...

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Transcend Raises $40 Million to Grow Data Privacy Platform
Transcend Raises $40 Million to Grow Data Privacy Platform
May 28, 2024  |  Investments

Transcend raised $40 million in a Series B funding round to continue growing its suite of privacy and artificial intelligence governance solutions. The company started...

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Mistral AI Targets US Market With Open-Source Models
Mistral AI Targets US Market With Open-Source Models
May 28, 2024  |  Artificial Intelligence

France’s Mistral AI, a European developer of generative artificial intelligence tools, has reportedly set its sights on the U.S. market. The startup hired Marjorie Janiewicz,...

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AI Explained: Computer Vision
AI Explained: Computer Vision
May 28, 2024  |  artificial intelligence

Picture this: a world where cars drive themselves, shopping is as simple as grabbing and going, and medical diagnoses are made with superhuman precision. This...

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OpenAI Forms Safety Committee as It Trains New Frontier Model
OpenAI Forms Safety Committee as It Trains New Frontier Model
May 28, 2024  |  Artificial Intelligence

OpenAI formed a security committee following some high-profile concerns about its safety focus. The artificial intelligence company announced in a Monday (May 28) blog post...

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