digital transformation

The Cost of Doing AI Business
The Cost of Doing AI Business
July 08, 2023  |  Artificial Intelligence

While the potential of generative artificial intelligence (AI) may seem limitless, the computing power it requires could present limitations. One estimate places the cost of...

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Senators Call for New Rules to Combat AI-Powered Scams
Senators Call for New Rules to Combat AI-Powered Scams
July 07, 2023  |  Fraud Prevention

Senators have called on regulators to protect consumers from artificial intelligence (AI)-powered scams. In a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra,...

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Moving Past the Shiny Newness of Generative AI
Moving Past the Shiny Newness of Generative AI
July 07, 2023  |  Artificial Intelligence

Generative AI is increasingly popular, but business leaders looking to stay in front of the wave will need to pay attention to avoiding being run...

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Mastercard Uses AI to Spot Real-Time Payments Fraud for UK Banks
Mastercard Uses AI to Spot Real-Time Payments Fraud for UK Banks
July 06, 2023  |  Fraud Prevention

Mastercard has teamed with nine British banks to fight fraud via artificial intelligence (AI). Now live in the U.K., the company’s consumer fraud risk solution uses...

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Generative AI’s Future Will Be as the Ultimate Human Sidekick, Says Foundation Capital’s Iyengar
Generative AI’s Future Will Be as the Ultimate Human Sidekick, Says Foundation Capital’s Iyengar
July 06, 2023  |  Artificial Intelligence

A Google survey found that approximately 40% of executives said adopting generative artificial intelligence (AI) is an urgent need. However, many of these same executives...

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Authors’ Lawsuit Alleges OpenAI Violated Copyright Law in ChatGPT Training
Authors’ Lawsuit Alleges OpenAI Violated Copyright Law in ChatGPT Training
July 05, 2023  |  artificial intelligence

Two authors have sued OpenAI, alleging the ChatGPT creator violated copyright law. Paul Tremblay and Mona Awad said in their lawsuit that the ChatGPT artificial...

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NYC Cracks Down on AI Use in Hiring Decisions
NYC Cracks Down on AI Use in Hiring Decisions
July 05, 2023  |  Artificial Intelligence

New York City has become the first city in America to regulate artificial intelligence (AI) use in hiring. A report Wednesday (July 5) by The Wall Street...

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PYMNTS Intelligence: How FIs Can Augment Their Digital Experiences With Cloud Technology
PYMNTS Intelligence: How FIs Can Augment Their Digital Experiences With Cloud Technology
July 05, 2023  |  Digital Banking

The financial industry is at a turning point in its history as more users flock to digital banking, many of whom plan never to set...

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Citi Says AI Will Personalize Treasury and Power Data-Readiness Teams
Citi Says AI Will Personalize Treasury and Power Data-Readiness Teams
July 05, 2023  |  Artificial Intelligence

We are increasingly living in a data-driven economy, and businesses must keep up if they want to stay alive, much less compete. In today’s new...

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