ACI Payments Intelligence delivers predictive modelling with multiple AI models running in parallel to address fraud trends.
ACI’s advanced payment solutions enable real-time payments without the riskCombining AI, ML, network intelligence and next-generation payment hubs can reduce risk in real-time payments, according to payments experts at the ACI Worldwide Payments Intelligence Roadshow, in Johannesburg.
“For many merchants, security is a grudge purchase, but it shouldn’t be. For merchants and financial institutions, AI and LLMs allow us to pre-empt attacks, using years of aggregated data to enhance the models,” Winn said. Madden noted that ACI Worldwide has been using AI for more than two decades, in areas such as Payments Intelligence for analytics and fraud solutions, customer service and software development and modernisation.
“ACI Worldwide conducted a survey in 2024 about the top priorities for banks and large financial institutions around the world and found that 75% said their biggest priority was modernisation,” he said. “Banks are having a difficult time innovating and bringing new products to market using their legacy payment systems. In addition, legacy systems tend to be very siloed and they don’t have easily obtainable visibility across all different payment types.
ACI Connetic ACI Worldwide Payments Intelligence Roadshow Judy Winn Peach Payments Damon Madden Yvonne Elford
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