Leveraging technology to reduce credit risk in the banking sector
For centuries, the cornerstone of banking has been the prudent management of risk. At the heart of this challenge lies credit risk, the potential that a borrower will fail to meet their obligations. A...
You might pay for a PlayStation game with a stablecoin soon
Sony Bank, the online lending subsidiary of Sony Financial Group, is pursuing a U.S. banking license and partnering with U.S. stablecoin issuer Bastion to develop a dollar-pegged stablecoin scheduled ...
ChatGPT turns three today
On November 30, 2022, OpenAI launched ChatGPT, describing it as “a model which interacts in a conversational way.” This introduction marked the debut of a tool that rapidly gained global traction ...
Boston Rebuilds Payments to Simplify Municipal Money Flows
Cities depend on thousands of small transactions that happen every day, but the systems behind those payments often work against the efficiency city departments need.
Boston decided it coul...
FIS Says ‘Smart Basket’ Helps Issuers Compete for Everyday Spend
Personalization has become one of the most valuable but difficult promises in commerce, particularly at checkout, where consumers want an experience that is seamless, relevant and able to deliver valu...
Big Firms Test AI Agents as Internal Teams Race to Build Guardrails
The last few Prompt Economy Weekly features have focused on trust and technical security for agentic AI. Seeing as how security is a prerequisite for its consistent usage, that focus was spot-on and w...
