Instead of modifying decades-old transaction infrastructure, Spade provides better fraud protection by creating a new system. Customers like Sardine, Mercury, Unit and Ramp have improved their fraud models by more than 15% using Spade's real-time merchant intelligence for the card ecosystem.
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Galileo’s CPO, David Feuer, said AI and improving infrastructure allow financial services innovators to create more responsive products, including in BNPL.
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If AI is properly deployed, it improves credit unions’ fraud decisioning capabilities, Provenir’s EVP for North America Kathy Stares believes.
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The importance of liveness detection was one positive development arising from the COVID-19 pandemic. It’s an essential feature of a biometric-based security strategy, iProov chief product and innovation officer Joe Palmer said.
Fraud is rising with the increased reliance on alternative payment methods, and AI could stop it. FIs have difficulties in adopting the tech.
GenAI has a lot of potential in financial services, but accuracy may be holding it back. Human interaction could help.
Sift’s Fraud Industry Benchmarking Resource (FIBR) lets fraud professionals see how their business’ security tools stack up against the competition.
Findings from a new Google Cloud survey on sentiment around generative AI among banking executives.
Armed with new funding, the company’s AI agents aim to help smaller banks compete around compliance There’s an increasing need...
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While many investors are still asking if AI will go mainstream, Bison Ventures is betting it already has — and...