Transferring money to friends and family. Paying bills online. Using your phone to check out at the grocery store. Payments—online, mobile, in-store, business to consumer (B2C), and business to business (B2B)—power the global economy.
AI can help banking firms better detect and prevent payment fraud and improve processes for anti-money laundering (AML) and know-your-customer (KYC) systems. With NVIDIA GPU-accelerated machine learning and deep learning platforms, data scientists can deliver results in days, instead of the weeks more traditional methods require.
AI in payments enables greater security and more transparency, creating a better experience for both firms and customers.