Artificial Intelligence (AI)

Showing Latest Artificial Intelligence (AI)

ECB launch Infinity Team and Softbank bets on Generative AI

29 Sep 23 @ 10:35

An European Central Bank unit called the “infinity team” has launched nine trials of generative AI — adapting off-the-shelf systems that can create sophisticated text, images and computer code —... read more

Banking is becoming byte-sized with rise of emerging technologies

28 Sep 23 @ 12:06

Banks must harness disruptive technologies and create their own or actively participate in digital ecosystems to remain at the heart of the banking universe, according to a global Economist Impact... read more

Funding declines but generative AI sees upticks in deal count

22 Sep 23 @ 12:47

Amid the broader venture gloom, generative AI mega-rounds and unicorn births have kept AI investment levels relatively elevated, with Q2 2023 funding coming in at $9.4 billion. Using CB Insights data,... read more

INFORM spotlights focus on ethical AI with new guidelines

19 Sep 23 @ 12:14

INFORM has released the publication of its in-depth Responsible AI Guidelines. As the AI landscape continually evolves, INFORM says it recognises the imperative to harness its power responsibly. The tremendous... read more

Third of UK shoppers want to use generative AI for purchase inspiration

21 Aug 23 @ 13:01

A new survey of 150 UK shoppers and 75 retail decision-makers reveals that the retail industry is again on the verge of major disruption. After just eight months in the... read more

AI is essential in fraud management – but it must be explainable

09 Aug 23 @ 11:29

In a new podcast, Payments Cards & Mobile Managing Director Alex Rolfe is joined by Roy Prayikulam, SVP Risk and Fraud at Inform. The two discuss the present and future... read more

Generative AI tools in Financial Services – How to move forward

20 Jun 23 @ 12:14

In May 2022, most of us were unaware of the potential of generative AI (Artificial Intelligence) tools. We’d seen AI generated content in presentations, but they always seemed to recycle... read more

Will Generative AI be the democratisation of fraud

16 Jun 23 @ 11:30

Generative AI and, more specifically AI based chatbots such as ChatGPT, have continued to dominate headlines and amaze consumers this year. With their rise in popularity and usage, there are... read more

FinTech landscape beginning to normalise as markets hit “Reset”

13 Jun 23 @ 17:41

There is a lot of talk these days about the impact on fintech M&A in an era of rising interest rates and volatility. The soaring prices of energy, food, labour,... read more

2023 Online Identity Study: Deepfakes target digital identity

01 Jun 23 @ 12:43

Jumio has released its  2023 Online Identity Study, the second instalment of its annual global consumer research, conducted by Censuswide. This year’s results highlight an understanding among consumers around how... read more

Kasisto launches KAI-GPT: Banking specific Large Language Model

01 Jun 23 @ 11:03

Kasisto, creators of KAI, have launched of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customisation. Powered by... read more

US fraud statistics: FAI/Deepfake multiply at alarming rates

31 May 23 @ 16:30

New Q1 2023 fraud statistics for North America and how they compare to 2022 have been released. The information is based on data collected from the US and Canada during... read more

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Wero expands merchant payments in France with Orange

06 Sep 26 @ 19:31

Wero is moving further beyond its origins as a peer-to-peer payment service, with Orange becoming the first merchant in France to offer subscription bill paymen... more

ECB and Brazil explore cross-border link between TIPS and Pix

06 Sep 26 @ 19:32

The European Central Bank and Banco Central do Brasil are examining whether Europe’s TIPS instant-payment infrastructure could be connected with Brazil’s hu... more

US Bank tests its own Stablecoin for Cross-Border Payments

10 Sep 26 @ 15:44

US Bank has completed a live cross-border transaction using its own dollar-backed stablecoin, becoming one of the latest major lenders to test whether blockchai... more