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AI Has Track Record in Fraud Prevention for Credit Card Issuers

By John P. Desmond, AI Trends Editor The financial services industry has compiled a track record in the use of AI for fraud detection, with...

How Quantum Computing is Being Piloted for Practical Applications

By AI Trends Staff Quantum computing for general-use machines is believed to be a long way off, but savvy...

Barclays Innovating in use of AI in Banking

By AI Trends Staff Barclays Bank is emerging as an innovator in the use of AI in financial services. The UK bank, ranked 20th on...

AI in Fintech Helping Detect Fraud, Assess Risk

By AI Trends Staff AI is being applied in the banking and the financial industry to meet demands of customers in creative ways, with many...

AI Spawning New Products in Investment Business

By AI Trends Staff AI is helping to launch new products in the investment business, from new data services to new theories of investing. For example,...

Synchrony Financial AI Development Team Working on a ‘Self-Evolving’ Consumer Interface

Alex Muller is working on creating a consumer interface that aims to incorporate AI to learn about customers and deliver a continuously improving user...

Executive Interview: Vishal Gossain, VP of Global Risk Management, Scotiabank

As AI and Machine Learning Progress at Scotiabank, Challenges Include Making the “Black Box” Models More “White Boxy” Vishal Gossain, Vice President of Global Risk Management...

Bjarne Berg, Principal, Tax Technology and Development, PwC US Tax Group

Self-Learning Models Seen Helping to Eliminate Mundane Work in Finance, Leaving Experienced Domain Experts to Oversee the AI Bjarne Berg, PhD, DBA, MBA, a leader...

Facial Recognition Making Its Way in Banking

By AI Trends Staff Facial recognition technology is making its way into the banking industry, used primarily for physical security and ID recognition. A handful or...

AI at Mastercard: Here Are Current Projects and Services

Banks and financial institutions are particularly opaque when it comes to how they implement and leverage AI for their business. Mastercard is a key...