Pause and Take 5

Protecting Clients PII

The diversification of payment channels is transforming the way we use money.

Technology has a big part to play in identifying patterns of criminal activity across millions, even billions of transactions in ways that manual processes simply cannot match.

The U.K.’s data regulator, the Information Commissioner’s Office (ICO), has recently issued guidance to help organisations explain their use of and reliance on artificial intelligence (AI) in decision making and how such technology might impact the public.

As Payment Service Providers (PSPs) race to get new and innovative products out to market that leverage the likes of AI & Machine Learning (ML) techniques, are they doing everything they can to protect the security and integrity of their clients Personally Identifiable Information (PII)?

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