Fintech & Ecommerce

Visa Reportedly Uses More Than 500 Gen AI Apps

The media published information according to which the payment industry giant Visa currently uses more than 500 apps based on generative artificial intelligence.

Visa Reportedly Uses More Than 500 Gen AI Apps

Also, journalists, citing their sources, claim that the mentioned company intends to increase the specified indicator. As noted by the media, the giant of the payment industry seeks to take advantage of generative artificial intelligence, which is the most advanced technology at the current stage of human civilization development, before others. Also, according to journalists, Visa intends to apply AI to combat threats related to fraud.

It’s worth noting that against the background of the expansion of the practice of using artificial intelligence, the issue of cybersecurity has become more relevant and continues to be increasingly reminded of its importance. In the relevant context, it is worth noting that as a result of the application of AI by scammers, the activities of criminals of the corresponding category have become more sophisticated. To counter this threat, personal awareness of users is necessary, among other things. For example, a query in an Internet search engine, such as how to know if my camera is hacked, will allow anyone to get information about signs of unauthorized access to the device.

Visa uses artificial intelligence to solve tasks such as finding security bugs in code and helping subscribers select their billing cycles. The payment industry giant also applies chatbots that serve as subject matter experts on specific parts of the business.

According to media reports, over the past ten years, the company has invested $3.3 billion in artificial intelligence and data infrastructure.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.