“Kount, the leading provider of AI-driven fraud prevention, announced it has ranked as a leader for growth and innovation in the 2020 Frost Radar in the U.S. E-commerce Fraud Prevention Market report. Kount’s vast data network and the ability of Kount’s AI and machine learning to use this data across the network, finding patterns and…
Month: January 2020
Are Banks & Credit Unions Losing Out on Savings Apps?
“As of October 2019, the U.S. personal savings rate stood at 7.8%, according to the St. Louis Federal Reserve. And a survey by Bankrate found that 40% of Americans can’t come up with $1,000 to handle an unexpected emergency. At a time when consumers are begging for help, banks have a chance to be a…
Visa is acquiring Plaid for $5.3 billion, 2x its final private valuation
“Plaid develops financial services APIs. It is akin to what Stripe does for payments, but instead of facilitating payments, it helps developers share banking and other financial information more easily. It’s the kind of service that makes sense for a company like Visa.” https://www.google.com/amp/s/techcrunch.com/2020/01/13/visa-is-acquiring-plaid-for-5-3-billion-2x-its-final-private-valuation/amp/ Image Credits: Sarah Wardlaw / Unsplash
TECHNOLOGY AND TRUST: BANKING IN AN EVOLVING MARKET
“Take Accenture’s Five Big Bets for Retail Payments in North America report, published in October last year. In a wide-ranging survey of US and Canadian banking experts, it found that between 11% and 15% expect to lose ground to fintechs and challenger banks, describing a market in which incumbents find themselves on unstable ground and faced…
CES: The Coolest AI (Artificial Intelligence) Announcements
“So what were some of the stand out announcement at CES? SelfieType: One of the nagging frictions of smartphones is the keyboard. But Samsung has a solution: SelfieType. It leverages cameras and AI to create a virtual keyboard on a surface (such as a table) that learns from hand movements. Wiser: Developed by Schneider Electric, this is a small device…