Black Friday and early holiday shopping are known for good deals, a kick-start to the holiday season – and often transaction fraud. E-Commerce is at particular risk, as the busy holiday season offers increased opportunities for fraudsters to hide their activities amidst the massive volume of daily transactions. Online holiday sales have steadily increased since […]
Editor’s Note: This post was originally published June 15, 2021 and has been updated with new information and resources. In a rapidly changing financial environment, the race is on to implement AI. It’s no longer a matter of if an organization is going to use AI, it’s when and how they plan to implement it […]
1) Hierarchical Reinforcement Learning for Air Combat at DARPA’s AlphaDogfight Trials Author(s): Adrian P. Pope, Jaime S. Ide, Daria Mićović, Henry Diaz, Jason C. Twedt, Kevin Alcedo, Thayne T. Walker, David Rosenbluth, Lee Ritholtz, Daniel Javorsek Pages: 1371 – 1385 2) Writing in the Air: Unconstrained Text Recognition From Finger Movement Using Spatio-Temporal Convolution Author(s): Ue-Hwan […]
Transaction fraud accelerated when the pandemic spurred major growth in online sales. To understand how acquirers are managing this increasing risk, analysts at Finextra interviewed several executives to “take a pulse” on the industry’s appetite for real-time AI, data-rich fraud monitoring and various strategies being used. Each has their own perspective on what is needed, […]
Major industry players like Google and Amazon, as well as upstarts like OpenAI, released cutting-edge innovations that capitalized on AI’s revolutionary potential in 2022. But AI-powered security applications — which can detect transaction fraud, develop robust user profiles, and maintain 100% compliance — are still only available to institutions with significant financial and technical resources […]
On May 10-11, 2023, fintech professionals from across the United States came together in New York City for Fintech Nexus USA 2023, a gathering of the brightest minds in fintech, to celebrate and discuss the latest innovations and successes across the industry. Our team used this opportunity to network and learn about new products and […]
In today’s rapidly evolving financial landscape, the rise of digital transactions and technological advancements has brought exciting opportunities and unprecedented challenges. As the world becomes increasingly interconnected, the threat of fraud looms large, demanding robust and innovative solutions. This is where Artificial Intelligence (AI) steps into the limelight, promising to revolutionize transaction fraud detection and […]
There’s been a lot of media coverage recently about AI, how it works and whether it will have a negative impact on the workforce. Mastercard® Healthcare Solutions develops responsible AI tools that empower workforces to be more efficient, accurate and decisive. When it comes to healthcare fraud, waste and abuse (FWA), the collaboration of humans […]
We believe generative AI has the potential over time to transform virtually every customer experience we know. The number of companies launching generative AI applications on AWS is substantial and building quickly, including adidas, Booking.com, Bridgewater Associates, Clariant, Cox Automotive, GoDaddy, and LexisNexis Legal & Professional, to name just a few. Innovative startups like Perplexity […]
Exploring binary numbers, dynamic programming, and Markov chains Photo by Rajeshwar Bachu on Unsplash The Foobar Challenge is a coding challenge hosted by Google that can be completed in either Python or Java. I completed the challenge using Python. The challenge has its own server with specific, terminal-style commands. The problems are of various difficulty […]
