AI in Payments: Balancing Security with User Experience

In a world that is rapidly embracing digitalisation, the financial ecosystem is undergoing a transformative phase with the incorporation of artificial intelligence (AI) in payment systems.

AI has helped reduce false positives in fraud alerts by a staggering 60%, shielding finances with artificial armor, while predictive analytics anticipates customer needs, increasing satisfaction by 20%.

The integration of AI in payments has emerged as the catalyst for new cutting-edge capabilities, but how exactly do we balance between robust security measures and optimal user experience?

In our next Wired-In webinar, SEON’s CEO, Tamas Kadar, will assess the ripple effect of AI in payments, highlighting dynamic challenges and opportunities to achieve transformative change.

Tamas will uncover the following:

• An overview of the main fraud challenges facing the payments sector today
• Why traditional fraud prevention solutions have been ill-suited to dealing with the intricate demands of modern payments
• How AI solutions can be leveraged to establish robust and secure payment systems that don’t negatively impact the customer experience
• What the future of fraud prevention in the payments sector may look like