The Best ROI for AI in Banking? Cybersecurity
Although nearly all Canadian banks are now using artificial intelligence in some capacity, the biggest returns are coming from its role in fighting off criminal attacks. According to a new study from GFT, nearly 75% of Canadian banks are deploying AI for fraud detection, while roughly two-thirds are using it to bolster cybersecurity. Close behind, […]
What the Klarna Deal Means for Checkout Platform Bolt
Following last month’s agreement with artificial intelligence firm Palantir, Bolt has signed a new deal with Klarna to integrate flexible payments into its checkout platform. The partnership will place Klarna’s payments technology front and center on the websites of merchants using Bolt’s CheckoutOS. Once the integration goes live in the U.S. later this year, Bolt’s […]
What to Expect When Nacha’s Fraud Monitoring Rules Take Effect
When a financial institution’s customer is tricked into sending a payment, there has often been little recourse for the victim. As credit push fraud becomes increasingly prevalent—amplified by sophisticated technologies—the financial services industry must strengthen its protections. This is why Nacha has developed a framework of fraud management rules that will go into effect next […]