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Latest Results from /ai

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Equals Money and Zūm Rails make BaaS plays

Equals Money, a payments provider for company expenses, has launched a Banking-as-a-Service product to helping businesses offer their own digital payment and card services.

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Visa looks to generative AI to enhance tokenisation

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced the company generated $40 billion in incremental e-commerce revenue globally, after issuing over 10 billion tokens since their launch in 2014.

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Mastercard and bunq forge AI open banking partnership

Mastercard and bunq have announced their partnership to create an open banking and AI tool at Money 20/20 Europe.

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Swift to pilot AI in fight against fraud

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

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Pay.UK hails fraud detection pilot results

Pay.UK says a fraud detection pilot involving Visa has exceed expectations, suggesting that it could save the country's economy over £112 million a year.

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EBAday 2024: 100 banks registered and ready to fuel the payments technology conversation

Q. What does the payments sector look for in a conference? A. The number of banks registered to attend and the number of bank speakers on the agenda, ready to openly communicate to the audience how they are currently leveraging technology.

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Rich Data Co. signs first US bank client

Australian AI decisioning platform for bank business lending, Rich Data Co., has signed its first major US deal with M&T Bank Corporation.

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BBVA inks OpenAI deal to bring ChatGPT to employees

Spanish banking group BBVA is stepping up its use of artificial intelligence, signing a deal with OpenAI to start rolling out ChatGPT to thousands of employees.

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Barclays invests in former Rise Academy alumni Velotix

AI-based data security platform Velotix has secured funding from Barclays Bank and Capri Ventures.

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Mastercard takes GenAI to the Dark Web

Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards.

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AI should be trained to respect a regulatory 'constitution' says BofE policy maker

Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker.

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EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.