Artificial Intelligence (AI)

Showing Latest Artificial Intelligence (AI)

Mastercard acquires Recorded Future for threat intelligence capabilities

13 Sep 24 @ 09:50

Mastercard has expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion. Recorded Future is the world’s largest threat... read more

North American banks bet big on technology to stay competitive

04 Sep 24 @ 16:55

The North America Banking Report by Temenos reveals a crucial shift in how North American banks are responding to the technological revolution. With 90% of banks in the region identifying... read more

AI and Cybercrime are the top fraud concerns for businesses

02 Sep 24 @ 17:03

Experian has released its 2024 Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. Top fraud concerns and... read more

AI: A double-edged sword for Fortune 500 companies

28 Aug 24 @ 12:04

A few days ago Klarna made the announcement that it plans AI driven cuts to its workforce with plans to axe almost half of its staff, as the lossmaking Swedish... read more

The growing importance of payment security in the digital age

06 Aug 24 @ 16:56

In today’s increasingly digital world, the importance of payment security has never been more critical. With the exponential growth of online transactions and the rise of sophisticated cyber threats, businesses... read more

Card fraud projected to rise 21.5% as AI-linked fraud bites

25 Jul 24 @ 10:13

2024 data from Merchantsavvy projects[1] that fraud related to payment cards will rise by 21.5% to hit $43.47 billion by 2028 as new forms of fraud such as Synthetic ID,... read more

The unstoppable rise of AI chips: Implications for Banking and Payments

09 Jul 24 @ 10:16

Artificial Intelligence (AI) is revolutionizing the world at an unprecedented pace. From DeepMind’s victory over Go champion Lee Sedol in 2016 to the sophisticated predictive abilities of OpenAI’s ChatGPT, the... read more

An introduction to the AI Act: What you need to know

27 Jun 24 @ 16:41

Whether you’re an organisation using AI-driven chatbots for customer enquiries, developing predictive algorithms for credit risk, or image recognition software for security purposes, the upcoming legal obligations of deploying certain... read more

AInxiety in retail: why retailers must deploy Artificial Intelligence

12 Jun 24 @ 13:10

Across every industry, generative artificial intelligence (GenAI) has burst into the spotlight, catapulting the potential for AI solutions to new heights. According to recent market reports, 92% of Fortune 100... read more

European banks worry about US Big Tech control over AI

10 Jun 24 @ 16:19

To say that artificial intelligence (AI) is the current hot ticket would be an understatement. The technology has become so pervasive so quickly it even managed to dominate many of... read more

Businesses spend on AI tools skyrockets

04 Jun 24 @ 16:19

The Soldo’s Spring Spend Index, reveals the extent to which businesses are rushing to invest in AI in a bid to usher in a new era of technology driven productivity.... read more

bunq first to leverage AI in Open Banking with Mastercard

04 Jun 24 @ 13:52

Mastercard has partnered with bunq to offer its 12.5 million users across Europe a complete overview of their finances. This  will be achieved by leveraging Mastercard’s Open Banking platform, which allows... 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