bunq Makes its GenAI assistant Finn Fully Conversational
- 7 months 3 weeks 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
- 7 months 3 weeks 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
- 7 months 4 weeks 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
- 8 months 6 days 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
- 8 months 1 week 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
- 8 months 1 week 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.
Mphasis Collaborates with AWS to Launch Gen AI Foundry for Financial Services
- 8 months 3 weeks ago
- Artificial Intelligence
Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced a multi-year global agreement with Amazon Web Services (AWS).
AI Causes Cost Shift From Operations to Tech and Data; 63% of Decision-makers in Financial Services Firms Believe AI Will Increase the Cost of Data in Their Organization
- 8 months 4 weeks ago
- Artificial Intelligence
Nearly two-thirds (63%) of decision-makers employed by financial services firms said that AI would be likely to result in an increase in the cost of data within their organisation. This figure rises to 69% among firms in the UK; and 73% among asset owners more widely.
GFT Teams Up with Google Cloud to Launch ‘GenAI Intelligent Assistant’
- 8 months 4 weeks ago
- Artificial Intelligence
Projections show that the global AI adoption rate could grow as much as 40% between 2023 and 2030. This anticipated growth is a fitting context for the announcement of an innovative offering that sees Google Cloud’s Industry Value Networks and GFT combine efforts, along with independent software vendors (ISVs), to bring forward a new GenAI Intelligent Assistant for banks to support their customer service.
Zscaler Finds Enterprise Use of AI/ML Tools Skyrocketed Nearly 600% Over the Last Year, Putting Enterprises at Risk
- 9 months 5 days ago
- Artificial Intelligence
Zscaler, Inc., the leader in cloud security, today announced the release of its 2024 AI Security Report, which draws on more than 18 billion AI transactions across the Zscaler Zero Trust Exchange™ cloud security platform from April 2023 to January 2024. Zscaler ThreatLabz researchers analyzed how enterprises use AI/ML tools and mapped trends across sectors and geographies, highlighting how businesses are adapting to the shifting AI landscape and... more
Profile Software Launches the New AI Solution AI.Adaptive
- 10 months 1 day ago
- Artificial Intelligence
Profile, a leading international financial solutions provider, announces the launch of its pioneering AI.Adaptive solution and incorporates the cutting-edge technology introduced by Artificial Intelligence, revolutionising the digital landscape. The solution, enhanced by the capabilities of OpenAI, adopts an LLM-agnostic strategy, enabling the direct and flexible interaction with Profile’s Axia Suite, Finuevo Suite, Acumen.plus, Centevo Suite,... more
Justpaid, Ai-powered Finance Startup, Announces New Financial Chatbot Capabilities
- 10 months 1 day ago
- Artificial Intelligence
JustPaid, the AI-powered FinTech company, has just announced new capabilities for its conversational AI financial chatbot. The chatbot is being enhanced to provide more tailored and dynamic insights for users based on their specific financial needs and feedback.
G2 Risk Solutions and Mastercard Combine AI and Merchant Insights for Superior Transaction Laundering Detection
- 10 months 3 days ago
- Artificial Intelligence, AML and KYC
G2 Risk Solutions (G2RS), the leading provider of merchant risk intelligence for the global payments industry, is partnering with Mastercard to provide merchant acquirers with a more streamlined experience to help them reduce transaction fraud.
Fusion Risk Management Announces General Availability of Generative AI-Powered Assistant
- 10 months 1 week ago
- Artificial Intelligence, Risk Management
Fusion Risk Management, Inc. ("Fusion"), a leading provider of cloud-based operational resilience, business continuity, and risk management solutions, has announced general availability of its AI-powered assistant Fusion Resilience Copilot™ following a successful global beta program. Resilience Copilot™ is pre-configured to answer critical questions at the click of a button, providing insights and recommendations.
FWD Group Partners with Microsoft to Shape the Future of AI-driven Insurance Experiences
- 10 months 1 week ago
- Artificial Intelligence, Insurtech
FWD Group Holdings Limited today announced it is extending its partnership with Microsoft with a four-year agreement to provide access to the latest generative artificial intelligence (AI) innovations while continuing to support FWD’s cloud-first technology strategy.
