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Adyen using AI to prevent fraud shows the impact the tech can have on FinTech

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Global payments unicorn Adyen is looking into how artificial intelligence can boost its payments offering, highlighting how the tech can boost the industry as a whole. The Dutch FinTech company went public last year after having raised a massive $250m Series B round in 2014, the biggest deal raised by a FinTech company in the Netherlands between 2014 and the third quarter of 2019. But more is to come and it seems as if AI will play a big role in Adyen's future. "The benefits of AI are real," Pieter van der Does, CEP of Adyen, told VentureBeat at the Slush technology conference in Helsinki. However, initially the tech leader was cautious about using AI.