The fraudsters are getting ever bolder — and attacking businesses and financial institutions (FIs) at scale. Part of their secret to success is their ability to adapt. Which raises the question: How can the good guys adapt? They can. Andrew Stucchio, global head of network...
The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence (AI) and machine learning in the financial world can trigger stability risks, requiring proper risk...
The rise of AI-powered deepfake technology has reportedly fostered a corresponding boom in state-level legislation. Almost every state legislature now in session across the country is considering bills related to artificial intelligence (AI), with nearly half addressing deepfakes, Axios reported Wednesday (Feb. 14), citing an analysis by...
The emergence this year of generative artificial intelligence (AI) reshaped the business landscape. For the most part, it was a good thing. A great thing, even. The world had never seen a technology like AI, and rapid advances in its capabilities over just the past...
November 14, 2024
The fraudsters are getting ever bolder — and attacking businesses and financial institutions (FIs) at scale. Part of their secret to success is their ability to adapt. Which raises the question: How can the good guys adapt? They can. Andrew Stucchio, global head of network payments pricing, analytics and controls at Discover® Global Network, told […]
December 18, 2024
Fraud prevention/compliance platform Bureau has raised $30 million in a Series B round. The new funding round, which included participation by PayPal Ventures, will help Bureau use artificial intelligence (AI) to help businesses combat increasingly sophisticated forms of fraud, the company said in a Wednesday (Dec. 18) news release. “For founder and CEO Ranjan Reddy, the mission is personal,” the release […]
October 14, 2024
The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence...
February 14, 2024
The rise of AI-powered deepfake technology has reportedly fostered a corresponding boom in state-level legislation. Almost every state legislature now in session across the country is considering bills related to artificial intelligence...