digital transformation

Banks Seek AI Platforms-as-a-Service Amid Ever-Increasing Risk
Banks Seek AI Platforms-as-a-Service Amid Ever-Increasing Risk
December 23, 2021  |  Artificial Intelligence

Sudhir Jha, senior vice president and head of Mastercard’s Brighterion unit, told Karen Webster in the most recent On the Agenda discussion that artificial intelligence...

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EU OKs Microsoft’s $19.7B Deal to Buy Telemedicine Tech Firm Nuance
EU OKs Microsoft’s $19.7B Deal to Buy Telemedicine Tech Firm Nuance
December 22, 2021  |  Partnerships / Acquisitions

The European Union has cleared Microsoft’s buy of Nuance, an artificial intelligence (AI) and cloud computing company, according to a Wednesday (Dec. 22) press release...

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Machine Learning Firm Teren Gets $4M in Seed Funding
Machine Learning Firm Teren Gets $4M in Seed Funding
December 22, 2021  |  Investments

Artificial intelligence (AI) machine learning software and content company Teren, formerly known as SolSpec, has raised $4 million in seed funding. “The change reflects the...

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Mastercard to Acquire McDonald’s Personalization Platform, Dynamic Yield 
Mastercard to Acquire McDonald’s Personalization Platform, Dynamic Yield 
December 21, 2021  |  Acquisitions

Mastercard has inked a deal with McDonald’s to acquire the fast-food chain’s personalization platform, Dynamic Yield, according to a Tuesday (Dec. 21) press release.   The...

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Pandemic Drives New Use Cases for Assisted Reality Wearables
Pandemic Drives New Use Cases for Assisted Reality Wearables
December 21, 2021  |  Innovation

When there’s a need for an expert to inspect an oil rig or train someone to repair a vehicle, companies used to fly the expert in...

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FTC Mulls New Artificial Intelligence Regulation to Protect Consumers
FTC Mulls New Artificial Intelligence Regulation to Protect Consumers
December 21, 2021  |  Regulation

The Federal Trade Commission (FTC) is considering a wide range of options, including new rules and guidelines, to tackle data privacy concerns and algorithmic discrimination....

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60% of the Acquirers Using AI Systems to Detect Fraud Consider It Their Most Important Anti-Fraud Tool
60% of the Acquirers Using AI Systems to Detect Fraud Consider It Their Most Important...
December 21, 2021  |  Artificial Intelligence

The banking industry has been faster than most in adopting artificial intelligence (AI). Banks have found that AI is extremely useful in fighting fraud because...

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AI eCommerce Tech Firm Rokt Raises $325M at $1.95B Valuation
AI eCommerce Tech Firm Rokt Raises $325M at $1.95B Valuation
December 16, 2021  |  Investments

Artificial intelligence (AI) eCommerce technology platform Rokt closed a $325 million Series E funding round at a $1.95 billion valuation, with funding led by Tiger...

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Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
December 15, 2021  |  AML

Digital-first businesses were better equipped to take advantage of new market opportunities unleashed during the pandemic. In the past year, 92% of consumers made an...

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