#payments-industry

#payments-industry

With relatively nascent industry players like Stripe and Block performing well - and showing their AI potential reflected in their valuations - the Index leaders cannot afford to drop off the pace. Payment companies - which move money around between banks, businesses, and consumers - run on technology. Evident's new industry ranking reveals how the companies we interact with every day are using AI, from deciding whether a transaction goes through to detecting fraud.

American Express is leveraging AI and machine learning to enhance risk and credit decisions, with a focus on innovation through its Frontier Research Team.