Miva, Inc. Partners with Kount, Inc. to Protect Online Sellers from Fraud

“Miva, Inc., eCommerce software and service provider for mid-size and enterprise merchants for 21 years, and Kount, Inc., the leader in digital fraud protection, today announced that they have partnered to integrate Kount’s comprehensive, AI-driven fraud prevention solution into the Miva eCommerce platform.

Features include:

1. Immediate notification of fraud likelihood per transaction

2. Automatic rejection of high-risk transactions

3. Review queues for questionable orders

4. Additional, highly configurable API-powered automation options”

https://www.prweb.com/releases/miva_inc_partners_with_kount_inc_to_protect_online_sellers_from_fraud/prweb16614071.htm

Interview: JPMorgan Chase CEO Jamie Dimon on AI, the cloud and the bank’s big bet on Seattle tech

  • “Jamie Dimon spoke with GeekWire via phone about the future of artificial intelligence in the financial sector; what he has learned from Amazon CEO Jeff Bezos; and what made him change his mind about the cloud.
  • Jamie Dimon: The cloud and AI are real, huge, powerful and they’re going to change a lot for us.
  • if you’re a developer, you’re going to see the stuff you do immediately affecting 50 million households. We move $6 trillion a day around the world.
  • Cheaper, better, faster, integrated. AI will be part of the journey. The easiest parts are obviously risk, fraud, underwriting. AI will be enormous. It will be enormous for idea generation.”

https://www.geekwire.com/2019/interview-jpmorgan-chase-ceo-jamie-dimon-ai-cloud-banks-big-bet-seattle-tech/

Wells Fargo: Artificial intelligence and machine learning a ‘double-edged sword’

http://linkedin.com/in/mike-telang-705b263

  • “‘I think almost all large banks are being asked now by regulators to go back and identify any ML/AI solution that’s brought into the bank because the implication of that is, if the wrong algorithm is being used, you are going to decline credit or you’re going to have impact to the customers.’
  • ‘A lot of the companies have survived either by acquiring them or by re-emerging differently. I think banks have to do that. I think it’s a matter of time,’ Telang said.”

https://www.google.com/amp/s/www.zdnet.com/google-amp/article/wells-fargo-artificial-intelligence-and-machine-learning-a-double-edged-sword/