Open banking is revolutionizing the financial landscape, enabling greater transparency, collaboration, and innovation in the payments sector. By securely sharing financial data through APIs, open banking empowers third-party providers to develop innovative payment solutions, enhance user experiences, and foster financial inclusion. Here’s a closer look at how open banking is driving payment innovation across industries. […]
Tag: Payment
How AI is Fighting Fraud in Payment Systems.
The rapid growth of digital transactions has brought convenience to businesses and consumers alike. However, it has also created opportunities for fraudulent activities, such as phishing, identity theft, and transaction manipulation. To combat these threats, payment systems are turning to artificial intelligence (AI) as a robust solution for fraud detection and prevention. AI’s ability to […]
