Square has buttressed its deep-learning with the purchase of Dessa, a Toronto-based machine learning startup that specializes in advanced risk management.
Launched in 2016, Dessa leverages ML for various technologies including managing risks, and has become known for its ability to detect deepfakes that are an increasing fraud threat, Square said in a recent
Dessa will join Eloquent Labs, a Redwood City, Calif.-based AI startup Square
Treasury yields rose the day after President-Elect Donald Trump was picked. The short-term result: It's harder for commercial real estate lenders and borrowers to find common ground.
The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.
Rep. Matt Gaetz, R-Fla., whose chances of getting confirmed as attorney general are unclear in the wake of allegations of sex trafficking and a House ethics probe against him, cuts a more populist profile than many expected from a Republican president.
Real-time payments and FedNow were top of mind at The Clearing House's annual conference this week. Here's how banks and payment companies see RTP's potential evolution.
The Treasury's financial crimes arm alerted banks to the dangers of AI-powered fraud, urging close monitoring and swift reporting of any suspicious activity.
Agriculture lenders expect more than a third of their borrowers to lose money this year, a development that could result in credit quality deterioration and impacts on banks' bottom lines.
