PayPal will invest in a new app to launch in 2024 alongside a new strategy to drive engagement with better consumer experiences like AI-driven shopping.  “Redesigning our app and creating improved, frictionless onboarding paths are tangible ways that we plan to drive higher penetration,” Chief Executive Alex Chriss said during PayPal’s fourth-quarter earnings call. Chriss…

Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption grows.   In fact, check fraud is expected to reach $24 billion in 2024, according to a Jan. 3 newsletter from Frank McKenna, chief strategist for AI-driven fraud detection platform Point Predictive. As consumers lean into…

We need global regulation of all technology … but can we? Building on yesterday’s piece, there is a call in many circles for the global regulation of Big Tech. In fact it goes far further than Big Tech. It’s a call for regulating everything online. From cryptocurrencies to social media to artificial intelligence … it……

Things we’re reading today include: ‘I lost my house, I lost all my money’: the retiree taking on the banks over crypto fund loss | HyperVerse | The Guardian Minister warns over a ‘computer says no’ stance to buy now, pay later (msn.com) Burnley’s Bank of Dave nominated for Hollywood award | Lancashire Telegraph Regulating……

BNY Mellon has expanded its use of Microsoft for cloud services and AI models, according to a Feb. 5 release from the bank.  The $30 billion bank will integrate its financial data with Microsoft Azure to create AI-driven models that its clients can use for services like wealth management, BNY Mellon Chief Growth Officer Akash…

I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……

I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……

I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……

I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……

I’ve asked myself this question often recently: could the banking system be run outside the banking system? I guess the start point of this discussion is: what is the system? Just like to be or not to be, that is the question. What is the system? It’s a debate I’ve been having for years –……