AI Helps Klarna Cut Marketing Agency Spend by 25% and Run More Campaigns
- 2 years 1 week ago
- Artificial Intelligence
Klarna, the AI powered global payments network and shopping assistant, has cut its sales and marketing spend by 11% in Q1 2024 while increasing the number of campaigns and updating marketing collateral more frequently. AI is responsible for 37% of the cost savings, or about $10 million on an annualized basis. The key drivers are:
86% of Executives Have Already Deployed Artificial Intelligence to Enhance Revenue, Reveals TCS Global AI Study
- 2 years 1 week ago
- Artificial Intelligence
A new global study by Tata Consultancy Services, a global leader in IT services, consulting, and business solutions, reveals that more than eight out of 10 (86%) of senior business leaders have already deployed artificial intelligence (AI) to enhance existing revenue streams or create new ones.
Tonik Powers Up with GenAI to Boost Growth
- 2 years 2 weeks ago
- Artificial Intelligence
Pioneering Philippine digital bank Tonik continues to highlight its innovative edge by becoming the first digital bank to successfully incorporate Generative AI featuring ChatGPT to its operations. The strategic move underscores Tonik's dedication in staying at the forefront of digital banking advancements while delivering exceptional banking services to its customers.
Mangopay Launches New AI-Driven Fraud Prevention Solution for Platforms
- 2 years 2 weeks ago
- Artificial Intelligence
Mangopay, a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution.
SRM Introduces Artificial Intelligence Offering to Help Financial Institutions Safely Adopt AI Solutions
- 2 years 2 weeks ago
- Artificial Intelligence
SRM (Strategic Resource Management, Inc.) announced the launch of a suite of Artificial Intelligence (AI) advisory services focused on generative AI, especially Large Language Models (LLMs), for financial institutions. SRM's experts are helping clients accelerate their AI aspirations with compliance-driven policy development, AI strategy, AI opportunity assessments, vendor data security reviews, and implementation support.
New Report Provides Critical Insights into CFO Adoption of Generative AI
- 2 years 3 weeks ago
- Artificial Intelligence
As generative AI continues to transform industries, Billtrust, a B2B order-to-cash and digital payments market leader, today released a new report uncovering perspectives from U.S. CFOs on the adoption and impact of this disruptive technology.
Jaja One of the first UK Fintechs to Launch a Gen AI Chat Assistant Using Anthropic’s Claude 3 Model Family on Amazon Bedrock
- 2 years 3 weeks ago
- Artificial Intelligence, Lending
Jaja Finance (“Jaja”) has today become one of the first UK fintechs to launch a Generative Artificial Intelligence (Gen AI) chat assistant using Anthropic’s state-of-the-art Claude 3 model family, accelerating the fintech’s journey to becoming the UK’s leading digital lender.
Glia Launches First Responsible AI Platform Purpose Built for Financial Institutions
- 2 years 3 weeks ago
- Artificial Intelligence
Glia, the leader in customer interaction technology, today launched Glia Cortex, the first responsible AI platform built specifically for the financial services industry. With Glia Cortex, financial institutions can leverage AI that is safe, secure and delivers real ROI for customer service and contact centers, ultimately driving efficiencies, reducing wait times and enhancing the customer and agent experience.
bunq Makes its GenAI assistant Finn Fully Conversational
- 2 years 1 month ago
- Artificial Intelligence, Insurtech
bunq, the second largest neobank in Europe, has taken a significant step forward to upgrade its user-facing AI assistant, Finn, to be fully conversational. The challenger has also rolled out its worldwide one-time activation travel insurance, in partnership with Qover, a global embedded insurance provider. Both announcements come amid strong growth, as the neobank’s total user base surges past 12.5 million, and its deposits climb to over €8... more
90% of Klarna Staff Are Using AI Daily - Game Changer for Productivity
- 2 years 1 month ago
- Artificial Intelligence
Klarna, the AI-powered global payments network and shopping assistant, today announced another milestone in its advanced adoption of AI technologies:
Visa Announces Generative AI-Powered Fraud Solution to Combat Account Attacks
- 2 years 1 month ago
- Artificial Intelligence, Fraud Detection
Threat actors are leveraging sophisticated technologies, like automated scripts and botnets, to amplify their card-testing attacks, allowing them to exploit vulnerabilities at an unprecedented scale and speed. These attacks, known as enumeration attacks, inflict operational expenses and $1.1B annually in fraud losses, accounting for a significant portion of global fraud.
State of Security 2024 Report Reveals Growing Impact of Generative AI on Cybersecurity Landscape
- 2 years 1 month ago
- Artificial Intelligence
Splunk, the cybersecurity and observability leader, in collaboration with Enterprise Strategy Group, today released the “State of Security 2024: The Race to Harness AI” global research report. A total of 1,650 security leaders participated in the global survey, with many reporting that cybersecurity has become easier to manage compared to past years. However, cybersecurity defenders now find themselves in a race against adversaries to harness... more
Mastercard Transforms the Fight Against Scams with Latest AI Tech
- 2 years 1 month ago
- Artificial Intelligence, Fraud Detection
Verizon, NatWest and Global Anti-Scam Alliance collaborate with Mastercard to tackle fraudsters
Zilch Selects Amazon Web Services to Accelerate AI Innovation
- 2 years 1 month ago
- Artificial Intelligence, Machine Learning
Zilch, the world’s first ad-subsidised payments network (ASPN), announces today that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of Artificial Intelligence (AI) innovation across the Zilch proposition.
