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    Artificial Intelligence (AI)

    News about Artificial Intelligence (AI).

    Mastercard launches AI across global network

    December 1st, 2016

    Mastercard has introduced an artificial intelligence solution to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines, while marking the first time AI has been implemented on a global scale directly on the Mastercard network. “Decision Intelligence examines how a specific account is used over time to detect normal and abnormal shopping spending behaviours,” Mastercard says. “It leverages account information like customer value segmentation, risk profiling, location, merchant, device data, time of day and type of purchase made.”

    AT&T customers can ask Alexa to text a friend

    November 24th, 2016

    Customers of US telecoms giant AT&T can send text messages to up to 10 contacts using Amazon’s Alexa artificial intelligence assistant. The AT&T Send Message skill went live on 18 November allowing users to ask to text a friend, after which the assistant prompts them to say their message. The launch came on the same day that Amazon Echo and Echo Dot devices were made available on the AT&T website and in its retail stores.

    Indian bank unveils AI-powered robot helper

    November 14th, 2016

    India’s first artificial intelligence banking robot has made its debut in a branch of City Union Bank in Chennai, The Times of India reports. Lakshmi is said to be able to voice intelligent and informal answers on more than 125 banking subjects. Sensitive financial information like account details are displayed on the robot’s screen and not voiced. The bank has plans for 25 to 30 robots at key branches by the end of the year if Lakshmi proves a hit with customers.

    Samsung to add AI button to new smartphone

    November 9th, 2016

    Samsung is considering adding a dedicated button for an improved artificial intelligence feature for its next flagship smartphone, the Wall Street Journal reports. The latest internal prototypes of the premium Galaxy S8 handset include a button on the side edge that would be used to launch a beefed-up virtual assistant similar to Apple’s Siri. Samsung introduced a virtual-assistant service, S Voice, in 2012 in its Galaxy S3 smartphone but hasn’t announced any major updates to the service since.

    Bank of America adds AI to mobile app

    October 25th, 2016

    A digital assistant that makes use of artificial intelligence, predictive analytics and cognitive messaging is to be built into Bank of America’s mobile app from next year. ‘Erica’ was unveiled at Money2020 this week and will “help customers do things like make payments, check balances, save money and pay down debt,” CNBC reports.

    Mastercard to launch artificial intelligence bots for banks and merchants

    October 25th, 2016

    Mastercard has unveiled plans to launch artificial intelligence (AI) bots for its merchant and bank partners, allowing consumers to use chat, messaging and natural language interfaces to shop and manage their finances. Mastercard KAI, the… More