Artificial Intelligence (AI)

Showing Latest Artificial Intelligence (AI)

Mastercard launches GenAI fraud detection

02 Feb 24 @ 17:33

Mastercard has introduced a new AI tool to combat fraud. Decision Intelligence Pro is “an advanced iteration of its renowned Decision Intelligence (DI) real-time decisioning solution” a Gen AI consumer... read more

FTC announce investigation into Big Tech AI funding

26 Jan 24 @ 18:19

The Federal Trade Commission has launched an inquiry into Big Tech investments and partnerships including Microsoft, Amazon and Google demanding information and documents concerning investment into AI developers, citing concerns... read more

The near-term impact of AI on the cyber threat

25 Jan 24 @ 16:34

During the Bletchley AI Safety Summit in November 2023, international leaders came together to discuss the vast potential of AI models in promoting economic growth, propelling scientific advances, and providing... read more

2024: Invisible payments, digital currencies, wallets and AI

24 Jan 24 @ 14:21

As 2024 begins to pick up pace, we continue to look at invisible payments, digital currencies, wallets and AI, the major themes for 2024. To that end Payments Cards &... read more

Generative AI: Chatbots that work?

23 Jan 24 @ 18:40

In a recent blog we debate the current wave of scepticism about AI. In brief, and outside its obvious applications in fraud detection and management, some senior executives have expressed... read more

Artificial Intelligence – finding value behind the AI hype

18 Jan 24 @ 18:12

As innovations go, Artificial Intelligence (AI) in payments has seen more hype than most. James Wood sorts the bits and bytes to ask where the value of AI in payments... read more

Three financial crime trends every bank should know of in 2024

18 Jan 24 @ 17:14

ComplyAdvantage has published its State of Financial Crime report. Built on a survey of 600 senior financial crime decision-makers worldwide, alongside experience working with more than 1,000 companies globally, it... read more

How the payments industry can optimise efficiency while creating value in 2024

20 Dec 23 @ 13:00

In today’s fast-paced and highly competitive business environment, payments providers face the dual challenge of optimising payment efficiency while creating value for their customers. This heightened attention towards the customer... read more

How AI improves efficiency and performance for Fraud and AML

14 Dec 23 @ 11:14

In a new white paper, Halyna Hermanns and Dr. Stephan Lemkens from INFORM GmbH outline developments in AI that deliver for both Fraud and AML. Here, they explain why banks... read more

How AI helps Fraud and AML teams join forces for better performance

30 Nov 23 @ 11:32

As criminal innovation rockets in the digital era and financial institutions cope with rising cost pressures and growing compliance burdens, a new white paper from pioneering global software specialists INFORM... read more

Report: Majority of banks piloting opportunities of generative AI

23 Nov 23 @ 13:06

UK Finance and Oliver Wyman have release a report on the use of generative AI in financial services (FS), and the future opportunities and risks for the sector. It includes... read more

74% of UK payments leaders believe AI will mitigate risk

09 Oct 23 @ 17:10

While financial forecasters continue to signal near-term economic downturns across the globe, FIS has conducted new research to understand how corporate executives across industries are innovating amid uncertainty. FIS’ Global Innovation... read more

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Wero expands into Austria as Europe’s payments ambitions gather momentum

23 Jun 26 @ 18:52

The European Payments Initiative (EPI) has secured a significant boost to its ambitions of creating a pan-European payments network, with Austria’s largest ba... more

UK fraud losses reach four-year high

16 Jun 26 @ 18:17

Financial fraud losses in the UK climbed to their highest level in four years during 2025, highlighting the growing sophistication of criminal networks and rais... more

Major UK Banks unite to develop digital verification service

30 Jun 26 @ 07:05

Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, NatWest Group and Santander UK are working with UK Finance in the development of a voluntary ... more