Alerts
Plaid is adding new artificial intelligence models to its network that powers digital finance, aiming to help financial firms with their decisions across credit, fraud and payments, the company said in a Tuesday (Oct. 6) press release emailed to PYMNTS. One new model, Instant Link, lets eligible con...
South Korea has reportedly seen evidence of artificial intelligence involvement in recent cyberattacks on banks. As the Financial Times (FT) reported, President Lee Jae Myung said on Tuesday (Oct. 6) that hacks had revealed user data at seven financial firms, with indications of AI use in some of th...
Several economies in the East Asia and Pacific (EAP) region are growing faster than expected due to their involvement in manufacturing and exporting high-tech goods that support artificial intelligence-related activity, the World Bank Group said in a Tuesday (Oct. 6) press release. The World Bank Gr...
The biggest financial risk from an artificial intelligence agent won’t come from it making numbers up. It will likely come from an agent that does exactly what it has permission to do. As enterprises connect AI agents to email, procurement software, ERP systems, bank accounts and payment infrastruct...
Insurance companies are reportedly anticipating multimillion-dollar claims related to so-called “rogue” artificial intelligence (AI) agents. That’s according to a report Tuesday (Oct. 6) by the Financial Times (FT), which says the situation has insurers and their attorneys worried that CEOs such as ...
TikTok has introduced an in-app checkout solution and an artificial intelligence (AI) shopping assistant, saying in a Monday (Oct. 5) press release that these are the first of several agentic commerce experiences the company is adding to its platform. The in-app checkout solution, Buy Direct, allows...
New York City is positioning itself as a leader in an effort to slow down the development of artificial intelligence (AI), the Wall Street Journal reported Monday (Oct. 5). The New York City Council held a hearing Monday in which lawmakers heard from, and in some cases grilled, representatives of Op...
Retailers are drawing different lines on how far artificial intelligence (AI) shopping agents can go on their sites. Amazon blocks outside agents while it builds its own. QVC lets agents complete purchases. Walmart lets Google’s Gemini surface its products, then hands the basket to its own Sparky as...
Healthcare services companies must provide patients with pricing information that is timely, accurate and complete, Federal Trade Commission (FTC) Chairman Andrew N. Ferguson said in letters sent to 24 of the largest such companies in the nation. Ferguson sent the letters to remind the companies of ...
Federal regulators have introduced a new proposal designed to regulate digital asset markets and transactions. The Commodity Futures Trading Commission (CFTC) introduced a proposal Monday (Oct. 5) for a regulatory framework governing retail transactions involving crypto assets (CTXs), and said it is...
Binance introduced Binance Intelligence, an artificial intelligence product stack designed to bridge the gap in digital asset knowledge between market professionals and day-to-day customers, according to a Monday (Oct. 5) press release. “For nine years, Binance has used blockchain to make finance mo...
The crypto industry bet the farm on traditional finance ultimately migrating onto public blockchains rather than retreating behind permissioned networks. The cows are now coming home to roost for the sector, after its failure to get comprehensive crypto regulation passed in Washington. As the dust s...
