Tag: Operational Costs
Revolutionizing digital onboarding: AI’s role in saving banks $900m by 2028
A new report from Juniper Research, a leader in FinTech and payment market analysis, has found that by 2028 the application of AI in identity verification will dramatically reduce the average digital onboarding check time from over 11 minutes in 2023 to under 8 minutes.
Understanding and combating the rising menace of chargeback fraud
Chargeback fraud, an ever-present issue affecting businesses of all kinds and sizes, results in losses totalling to billions annually. The surge in eCommerce has...
