Visa Builds Out AI Capacity with Acquisition of Featurespace
With artificial intelligence gaining prominence as the next frontier in fraud detection, Visa has completed its acquisition of Featurespace, a developer of real-time AI-powered payment protection technology. Featurespace works with many of the world’s largest banks and financial institutions, including HSBC, NatWest, Worldpay, and Danske Bank. The company processes more than 100 billion payment events […]
Citi Is Pushing the Envelope on BNPL Integration for Merchants
Buy now, pay later has emerged as one of the most transformative innovations in the payments industry in recent years. While no longer considered a new technology, financial institutions like Citi continue to find novel ways to integrate the tech into their offerings. Citi has incorporated BNPL into its Citi Pay suite of services, launched […]
Section 1033 Rules Make Compliance Top-of-Mind for Technology Professionals
Open banking has been lauded as the future of the global financial system, and the U.S. is now beginning to adopt a model that has already gained significant traction overseas. After the Consumer Financial Protection Bureau (CFPB) released its rules governing open banking, many are wondering about the impact these regulations will have on financial […]