Will PSD2 Be AI’s Big Break In Fighting Payments Fraud?

Featurespace Founder and CTO, Dave Excell, talks to PaymentsSource about the possible effects of the Second Payments Services Directive (PSD2) on the adoption of Machine Learning technology in Banks and Payments Providers across Europe.

In recent years, new machine learning algorithms and big data have reduced fraud losses to an extent — however, their impact has been relatively limited, in part because the industry has been reluctant to use them. But the use of such technology is soon likely to become far more widespread in the U.K., and across the EU. Continue reading on PaymentsSource.