ML

European Banks Pay for Anti-Money Laundering Failures
European Banks Pay for Anti-Money Laundering Failures
December 15, 2022  |  AML

A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank...

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Applied AI Company Raises $42M to Expand in US
Applied AI Company Raises $42M to Expand in US
November 27, 2022  |  Investments

Machine learning (ML) firm Applied AI Company (AAICO) has secured $42 million in funding to help companies in Europe and the U.S. reduce their reliance...

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The Rise of the Digital Workplace — on Wheels
The Rise of the Digital Workplace — on Wheels
October 19, 2022  |  B2B Payments

As fleet operators aim to gain the many benefits of transitioning to connected vehicles, nearly half of the vehicles in corporate fleets are expected to...

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Onfido Debuts Facial Biometric Tech That Verifies ID in Seconds
Onfido Debuts Facial Biometric Tech That Verifies ID in Seconds
September 21, 2022  |  Authentication

Next-generation facial biometric technology has the ability to speed up verification, detecting a real person in seconds. Global digital identity verification and authentication provider Onfido...

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62% of Large Banks Report Increases in Financial Crime
62% of Large Banks Report Increases in Financial Crime
September 13, 2022  |  Security & Fraud

Fraud’s rise has touched the majority of businesses and financial institutions (FIs) — and many are struggling to find ways to address the increasing sophistication...

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DoorDash Uses AI to Streamline DashMart Supply Chain
DoorDash Uses AI to Streamline DashMart Supply Chain
August 29, 2022  |  B2B Payments

Aiming to optimize product availability at its DashMart locations, DoorDash will deploy Relex Solutions’ artificial intelligence (AI)-driven supply chain planning solution.  The Relex solution will...

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Big Data, Machine Learning Battle Online Payments Fraud as Criminals Target BNPL
Big Data, Machine Learning Battle Online Payments Fraud as Criminals Target BNPL
May 05, 2022  |  Security & Fraud

Most consumers don’t think about eCommerce fraud. Until they become victims. Eric Christensen, chief payments officer/vice president of product at Digital River, told PYMNTS that...

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Amex Sees Checkout Friction and Security Improvements in Overhauled 3DS2
Amex Sees Checkout Friction and Security Improvements in Overhauled 3DS2
March 07, 2022  |  Fraud Prevention

Credit card fraud is a problem that affects banks, merchants, credit card providers and individual consumers all at once, as fraudsters deploy a wide variety...

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Brighterion: 2021 Was the Year of Adaptability
Brighterion: 2021 Was the Year of Adaptability
January 11, 2022  |  Opinion

At a time when businesses need to be more flexible than ever, artificial intelligence may hold the key to bringing back-office functions up to speed...

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