Tag: Artificial Intelligence

Stay updated with insights on artificial intelligence at PaymentsJournal. Explore trends, news, and expert analysis on the impact of AI technologies in payments and the financial industry.

New AI-Powered Apps Are Built to Disrupt the Wealth Management Status Quo

by Wesley Grant

January 29, 2025

Fintechs worldwide are launching apps that leverage artificial intelligence to provide wealth management services to high-net-worth individuals. Singapore has a ...

The Wealth Management Industry Is at a Critical Intersection With AI, Gen Z

by Wesley Grant

January 24, 2025

The number of high-net worth individuals, who have over $1 million in investible assets, has steadily increased in recent years. ...

Friendly fraud, friendly fraud online business

How Financial Institutions Are Fighting Friendly Fraud

by Tom Nawrocki

December 30, 2024

Last year’s TikTok-fueled spate of check fraud—allegedly taking advantage of a glitch at Chase Bank—was among the most widely publicized ...

After a Banner Year, Crypto and Digital Assets May Just Be Getting Started

by Wesley Grant

December 23, 2024

2024 began with the launch of bitcoin ETFs, and just months later came the unexpected approval of Ethereum ETFs. Bitcoin ...

biometric payments, biometrics advanced security, biometrics trade-offs in security

AI, Biometrics Fuel Emerging Payment Trends in Opposite Ways

by Tom Nawrocki

December 18, 2024

Despite the buzz surrounding both the promise and risks of artificial intelligence, its impact is likely to remain limited over ...

Google Lens Gets AI Upgrade to Take the Guesswork Out of Holiday Shopping

by Wesley Grant

November 19, 2024

Just in time for the holidays, Google is updating the artificial intelligence engine behind its visual search tool Google Lens, ...

New ChatGPT Model Can Be Exploited for Voice Scams

by Wesley Grant

November 4, 2024

The newest version of OpenAI’s popular chatbot, ChatGPT, can be used to perform financial scams with a low to moderate ...

AI-Powered Scams Cost U.S. Consumers Millions

by Wesley Grant

October 30, 2024

The number of scams that utilized artificial intelligence doubled in the past year, costing Americans more than $108 million. According ...

Faster Payments Is Pressuring Businesses to Dump Checks

U.S. Fights Rising Check Fraud Through Use of AI

by Tom Nawrocki

October 21, 2024

Artificial intelligence is having a huge impact on the U.S. federal government’s fraud detection efforts. The Treasury Department credited AI ...

Managing Merchant Risk in a Complex Payments Ecosystem

by Andy Vrabel

October 18, 2024

Financial businesses that facilitate payment transactions—such as acquiring banks, payment facilitators (payfacs), and independent sales organizations (ISOs)—face a difficult balancing ...