It's already getting tough to discern real text from fake, genuine video from deepfake. Now, it appears that use of fake voice tech is on the rise too. That's according to the Wall Street Journal, which reported the first ever case of AI-based voice fraud -- aka vishing (short for "voice phishing") -- that cost a company $243,000. Don't miss Hard Fork Summit in Amsterdam In a sign that audio deepfakes are becoming eerily accurate, criminals sought the help of commercially available voice-generating AI software to impersonate the boss of a German parent company that owns a UK-based energy firm. They then tricked the latter's chief executive into urgently wiring said funds to a Hungarian supplier in an hour, with guarantees that the transfer would be reimbursed immediately.

It's already getting tough to discern real text from fake, genuine video from deepfake. Now, it appears that use of fake voice tech is on the rise too. That's according to the Wall Street Journal, which reported a case of voice fraud -- aka vishing (short for "voice phishing") -- that cost a company $243,000. Find out at TNW's Hard Fork Summit In March, criminals sought the help of commercially available voice-generating AI software to impersonate the boss of a German parent company that owns a UK-based energy firm. They then tricked the latter's chief executive into urgently wiring said funds to a Hungarian supplier in an hour, with guarantees that the transfer would be reimbursed immediately.

Israel issued a warning warning of a new type of cyber attack, using artificial intelligence (AI) technology to impersonate senior company executives. In this method, instructions are given to the companies staff members to perform transactions such as money transfer to perform transactions such as money transfers, as well as malicious activity on the company's network. How are you protecting your office from such attacks?

The past few years have seen an influx of apps that allow users to privately send money to their friends. On Tuesday, Google released an update that allowed one of its flagship mobile apps to join the fun, according to TechCrunch. As part of a software update that went live ahead of Tuesday's Google I/O event, the Gmail app for iOS now allows users to send or request money from other people when drafting an email. Gmail for iOS gets Google Pay and snooze features https://t.co/M743XF7yQT According to TechCrunch, the process is quite simple.

– I wish you all a very happy New Year 2017. Payments especially Digital-Payments look really easy; which is why innovation is so hard. In last few years we have seen tsunami kind of disruption in payments services, which led eCommerce, wallet services, Digital-Payments, and remittances to just explode. Artificial intelligence with its subsets like Machine Learning, Deep Learning and Artificial Neural Networks made this industry almost to an explosion point. Artificial Intelligence and any discussion around on how this has gotten to so much deeper in Fintech and what benefits it has provided; unfortunately beside Digital-Payments discussion rest of the points will remain out of scope for this post and we will discuss about AI and its merger with FinTech in other posts in later year.

– This post was originally published on 26-August-2014 on Linkedin. Basic knowledge and introduction on mobile money and its critical success factors, attributes, key stake holders along with meaning were discussed in Mobile Money Basics (updated on 21-Dec-2014). People interested in the use of mobile phones for their payments, sending money to each other (P2P) or checking balance, often ask what is the difference between e-money, mobile money, mobile banking, mobile payments, mobile commerce etc. Most of the consumers who wants to use and even some who are already using these services are confused. As there are no universally accepted/defined definitions.

The word bot is used to mean several different things. Gamers understand bots as AI characters in a game, while botnets are groups of hijacked computers which cyber criminals use for various tasks such as sending out millions of spam emails or even to attack and attempt to take down websites. The bots we're talking about here are essentially virtual assistants, much like Siri and Cortana. Only the latest generation of bots communicate via text rather than speech. Cortana already does this, both on Windows Phone and in Windows 10.