ML

More Than Half of US Consumers Use P2P Apps to Send Money
More Than Half of US Consumers Use P2P Apps to Send Money
August 02, 2024  |  Security & Fraud

Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns...

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AI Integration Drives Revenue Streams for Tech Giants
AI Integration Drives Revenue Streams for Tech Giants
July 31, 2024  |  artificial intelligence

Major technology companies are embedding artificial intelligence (AI) into their core products and services, creating new revenue opportunities and enhancing user experiences. Integrating AI across...

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Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future
Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future
July 29, 2024  |  artificial intelligence

Industry experts are debating the business impact of Meta’s free artificial intelligence (AI) model Llama 3.1, weighing its potential against practical implementation challenges. Boasting 405...

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Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security
Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security
July 24, 2024  |  artificial intelligence

In a world inundated with data, traditional methods of financial crime detection are becoming inadequate. Financial crime remains a challenge for financial institutions (FIs) worldwide,...

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Mistral and Nvidia Bring AI to Local Machines
Mistral and Nvidia Bring AI to Local Machines
July 22, 2024  |  artificial intelligence

Mistral AI and Nvidia have introduced Mistral NeMo, an artificial intelligence (AI) model designed to bring advanced AI capabilities to standard desktop computers, widening access...

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52% of FIs Plan to Lean on ML and AI to Combat Fraud
52% of FIs Plan to Lean on ML and AI to Combat Fraud
May 22, 2024  |  artificial intelligence

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)...

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Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?
Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?
May 16, 2024  |  Payments Innovation

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...

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Equifax Says 85% of Its New Models Built With AI
Equifax Says 85% of Its New Models Built With AI
April 18, 2024  |  artificial intelligence

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...

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Virtual Banks Forge Ahead in Defining Banking’s Digital Future
Virtual Banks Forge Ahead in Defining Banking’s Digital Future
April 10, 2024  |  Digital Banking

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...

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