In Part 1 of our series, we explored the foundational concepts of responsible AI in the payments industry. In this post, we discuss the practical implementation of responsible AI frameworks. The need for responsible AI The implementation of responsible AI is not passive, but a dynamic process of reimagining howContinue Reading
The payments industry stands at the forefront of digital transformation, with artificial intelligence (AI) rapidly becoming a cornerstone technology that powers a variety of solutions, from fraud detection to customer service. According to the following Number Analytics report, digital payment transactions are projected to exceed $15 trillion globally by 2027.Continue Reading
As digital commerce expands, fraud detection has become critical in protecting businesses and consumers engaging in online transactions. Implementing machine learning (ML) algorithms enables real-time analysis of high-volume transactional data to rapidly identify fraudulent activity. This advanced capability helps mitigate financial risks and safeguard customer privacy within expanding digital markets.Continue Reading
AFFIN Group partners with ACI Worldwide (NASDAQ:ACIW) to modernise the Bank’s real-time payment capabilities fro Malaysian businesses. Under this partnership, the new enterprise payments platform is designed to streamline and enhance the efficiency of payment processes. “A robust payment infrastructure is a catalyst for innovation and scalable growth. It enablesContinue Reading
Fortress Biotech (NASDAQ:FBIO) on Friday said that it had paused the payment of dividends on its 9.375% series A cumulative redeemable perpetual preferred stock. The company added that dividends on the preferred stock will continue to accrue and cumulate until such dividends are authorized or declared. FBIO said that itContinue Reading
Dividend net changes for U.S. domestic common stocks rose $16.05B in Q2, as compared to a $16.03B increase in the prior quarter, according to the data from S&P Dow Jones Indices. The increase was primarily driven by the initiation of Alphabet’s (GOOGL) (GOOG) first ever dividend. The Google-owner had declaredContinue Reading
i3 Verticals (NASDAQ:IIIV) and Payroc WorldAccess on Wednesday said the companies have entered into an agreement whereby Payroc will acquire i3 Verticals’ merchant of record payments business, including its associated proprietary technology, in an all-cash transaction for $440M. The closing is expected to occur sometime in i3 Verticals’ fiscal fourth quarter. Source:Continue Reading
