The best, and most lasting innovations, are those that beget other innovations. That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology or infrastructure. Each new innovation becomes a link to subsequent ones, forming a continuous chain of...
Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations. In announcing the company’s quarterly earnings Thursday (April 18), management noted that 70% of the new models and scores Equifax built last year were made using artificial intelligence (AI) and machine learning...
The banking landscape is undergoing a digital transformation, as traditional financial institutions (FIs) race to keep pace with evolving consumer preferences and technological advancements. Santander’s recent announcement of plans to launch its digital bank, Openbank, in the United States and Mexico in the second half of 2024 underscores...
Recently, PYMNTS sat down with an array of experts and innovators in the artificial intelligence (AI) field to get their thoughts on how the technology will transform the payments and commerce sectors in the years ahead. Not surprisingly, a multitude of ideas and predictions were...
May 22, 2024
In the seemingly never-ending war to protect their customers and institutions from fraud, an increasing number of financial institutions (FIs) are deploying machine learning (ML) and artificial intelligence (AI) tools to fight back. And according to PYMNTS Intelligence’s “Leveraging AI and ML to Thwart Scammers,” a report created in collaboration with Hawk, those efforts appear to […]
May 16, 2024
The best, and most lasting innovations, are those that beget other innovations. That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology...
February 26, 2024
Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so can pave the way to...
February 08, 2024
Over 40% of financial institutions (FIs) have reported higher-than-average volumes of fraud and financial crime, according to insights detailed in “FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters,” a...
April 18, 2024
Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations. In announcing the company’s quarterly earnings Thursday (April 18), management noted that 70% of the new models and scores Equifax built last year were made using artificial intelligence (AI) and machine learning (ML), with the goal of bringing that number to 80% […]
March 20, 2024
Ateliere Creative Technologies has established an AI Advisory Council to help it develop a road map for adding generative artificial intelligence (GenAI) and machine learning (ML) models to its Ateliere Connect media...
October 31, 2023
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 of AP teams reported processing...
October 02, 2023
WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts. The new artificial intelligence (AI) solution, dubbed Isaac, streamlines the process...
