machine learning

Machine learning is a method of data analysis that automates analytical model building. It is a branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention.

Source: sas.com

BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
June 26, 2024  |  artificial intelligence

The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said...

READ MORE >
Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform
Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform
June 21, 2024  |  B2B Payments

Verituity has raised $18.8 million to support the growth of its B2B and B2C verified payout platform. The firm will use the new funding to...

READ MORE >
Oscilar Launches AI-Powered ACH Fraud Detection for FinTechs, Financial Institutions
Oscilar Launches AI-Powered ACH Fraud Detection for FinTechs, Financial Institutions
June 13, 2024  |  Fraud Prevention

Oscilar has added an artificial intelligence (AI)-powered ACH Fraud Detection product to its lineup of risk technology solutions for FinTechs and financial institutions. The new...

READ MORE >
AI Explained: Reinforcement Learning’s Profit Potential
AI Explained: Reinforcement Learning’s Profit Potential
June 10, 2024  |  artificial intelligence

In the world of commerce, businesses are always on the lookout for an edge, and reinforcement learning, a rapidly growing subfield of artificial intelligence (AI),...

READ MORE >
43% of Fraudulent Transactions That Hit FIs Are Authorized
43% of Fraudulent Transactions That Hit FIs Are Authorized
June 07, 2024  |  Fraud Prevention

When it comes to payments fraud, the Federal Reserve actually splits the crime into two categories: authorized and unauthorized fraud. While unauthorized fraud — which...

READ MORE >
AI Advances Video Analysis for eCommerce
AI Advances Video Analysis for eCommerce
June 05, 2024  |  artificial intelligence

Artificial intelligence (AI) is cutting through the noise in online videos, helping shoppers quickly find the information they need. Researchers at MIT and IBM have...

READ MORE >
52% of FIs Plan to Lean on ML and AI to Combat Fraud
52% of FIs Plan to Lean on ML and AI to Combat Fraud
May 22, 2024  |  artificial intelligence

In the seemingly never-ending war to protect their customers and institutions from fraud, an increasing number of financial institutions (FIs) are deploying machine learning (ML)...

READ MORE >
Better Together: Embracing Data Consortiums to Prevent Payments Fraud
Better Together: Embracing Data Consortiums to Prevent Payments Fraud
May 21, 2024  |  Fraud Prevention

Teamwork makes the dream work. At least in some cases.  After all, it is hard to imagine leading businesses in today’s hyper-competitive landscape sharing information...

READ MORE >
Snapchat Aims to Spend $1.5 Billion Per Year on AI
Snapchat Aims to Spend $1.5 Billion Per Year on AI
May 19, 2024  |  artificial intelligence

The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. “There was a recognition...

READ MORE >