ai Joins Movement to Shine a Spotlight on Fraud

in Company news, Latest news

The International Fraud Awareness Week kicks off Nov. 11, 2018 worldwide Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The ACFE’s 2018 Report to the Nations on Occupational Fraud and Abuse analysed 2,690 occupational fraud cases that caused…

MasterCard Customer Tech Conference

in Events

The 19.Q2 Mastercard Customer Tech Conference, taking place at the Corinthia Hotel Prague on 13-14 November 2018. The conference will offer interactive information sharing on the business and technical impacts of 19.Q2 release enhancements, revisions to the Dual Message System (Authorization and Clearing), developments within Mastercard’s technology, product, and service offerings

ai Opens Future Solutions Research Lab

in Company news, Industry Insights, Latest news

The ai Corporation have opened a research lab focused on researching solutions to power the next generation in payment and risk management. This will enable the team to experiment with cutting edge techniques and to develop unique machine learning algorithms to drive innovation in the payment processing and risk protection of tomorrow. The team, led…

Evolution at the coalface: The future role of fraud operations

in Industry Insights, Latest news

The potential impact and role of Artificial Intelligence (AI) is undeniable. We increasingly see highly repetitive tasks moving from human manual labour, to machine-based automation. Fraud prevention is often labelled as one of the ‘quick wins’ for AI, and there is no dispute that the technology’s use is driving better detection. However, AI is also…

Rivals jockeying for position in big race

in Industry Insights

Possible outcomes of current disruption in the payments industry could take a number of forms. Here are four favourites Margins for global payments providers are under intense pressure as they face stiff competition from technology fi rms and tougher regulation. These factors are likely to trigger radical changes in the payments industry. For example, this…

Banking ‘as a service’ simplifies payments for businesses

in Industry Insights

Automation technologies are enabling businesses to drastically reduce the costs and complexities involved in building and providing payments solutions, while removing the burden of dealing with an ever-complicated regulatory landscape Payments have evolved in recent years as companies have attempted to adapt to the behaviour of consumers on ecommerce platforms. This is often geographically influenced,…

China’s giants show the rest how it’s done

in Industry Insights

Mobile payments apps have leapfrogged credit and debit cards in China, signposting the way forward for the rest of the world. China’s two mobile payments giants, Alipay, an affiliate of the Chinese ecommerce group Alibaba, and WeChat Pay, owned by the messaging and social media powerhouse Tencent, are streets ahead of their Western rivals in…