Artificial Intelligence

AI and the Not-Too-Distant Future of Payments

Not long ago, identifying credit card fraud required a mostly manual effort. Computers could be programmed to identify significant discrepancies in transaction databases – for example, an extremely expensive purchase from another country – but that was about it.

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Payments Embrace Deep Learning

As the market embraces technology to assist with regulatory compliance and better customer service, the sophistication of offerings available to end users has skyrocketed. PaymentEye spoke with Ren Hendrikse, Vice President Managing Director, EMEA, Mitek, to find out more.

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5 Ways the World Economic Forum Says AI Is Changing Banking

Artificial intelligence has been a focus of discussions at the World Economic Forum’s annual meeting in Davos, Switzerland, over the past few years, so the organization decided to partner with Deloitte Consulting on a study that sought to cut through the sensationalism surrounding AI and offer helpful insights for business leaders and policymakers.

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How AI Will Change Banking

The World Economic Forum has been conducting research over the last year around how AI (Artificial Intelligence) will change banking that was published last week. Here’s the lowdown: Artificial intelligence is fundamentally changing the physics of financial services.

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Regulators Have Their Eye on AI

Financial services companies, in particular banks, are racing to harness the potential of artificial intelligence. Lenders are employing algorithms that analyze consumer data to conduct credit scoring and determine appropriate loan amounts, and AI tools examining customer transaction habits are improving fraud alerts and reducing money-laundering risk. But how might regulators react?

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How AI Can Reduce Risk in Payment Innovation and Migration

A recent FT article – ‘AI in banking, the reality behind the hype’ – discussed the potential of AI to revolutionise banking.

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SLIDESHOW: Opportunity or Threat? How AI Will Change Banking

Bank executives embrace the idea of artificial intelligence and say it will create jobs, while analysts say it will reduce jobs. Employees are anxious about AI but willing to try to work with it. All agree AI is already making an impact.

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