How AI is affecting neobank jobs Challenger banks, like traditional banks, are under pressure to operate with fewer expenses. Artificial intelligence is part of the answer, and the impact on the workforce may be profound.
India weighs more penalties on Paytm, including revoking payments bank license The Reserve Bank of India is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with the matter told TechCrunch, as troubles mount for the Indian financial services firm that serves more than 330 million customers. The central bank has internally discussed revoking the payments bank license.
Mastercard Says New AI Model Ups Fraud Detection by 20% Mastercard has introduced a generative artificial intelligence (AI) solution to help prevent fraudulent transactions. The company has upgraded its Decision Intelligence solution to let it “scan an unprecedented one trillion data points to predict whether a transaction is likely to be genuine or not,” per a Thursday (Feb. 1) press release.
Global e-commerce shines, but are retailers facing equally favorable conditions? Engaging in global e-commerce broadens access to a wider audience and opportunities for online sellers, but also introduces a set of significant challenges on a larger scale. Among other things, managing payments is a critical step for retailers to ensure a smooth customer experience from beginning to end. However, this constitutes one facet of several … Continue reading “Global e-commerce shines, but are retailers facing equally favorable conditions?” The post Global e-commerce shines, but are retailers facing equally favorable conditions? appeared first on Tearsheet.
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Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.