MITRSS

IBM and MIT team up for AI research

Robots

IBM will make a ten-year, $240 million investment to create the MIT–IBM Watson AI Lab as the duo seek to unlock the potential of artificial intelligence (AI). The collaboration with Massachusetts Institute of Technology (MIT) aims to advance AI hardware, software and algorithms related to deep learning and other areas, increase AI’s impact on industries, […]

Mexico-based MIT taps Featurespace for payments fraud prevention

Fraud will not pass

Machine learning continues to take centre stage in fraud prevention for the payments industry. Mexico-based payments processor Mercadotecnia Ideas y Tecnologia (Marketing, Ideas and Technology – MIT) has partnered with UK-based Featurespace to help its 17,000 merchants prevent payments fraud.

MIT’s trade finance platform debuts in Luxembourg

MIT

Bank GPB International, a member of the Gazprombank group, has selected MIT’s (Micro-Informatique & Technologies) trade finance platform to support its business from Luxembourg. The MIT platform chosen by the bank comprises Credoc, the Swiss firm’s flagship back-end trade finance solution, and TRAC, its middle/front collateral management system, which provide support for transactional commodity finance […]

MIT on TRAC with OCBC Bank for trade finance

Maggie Cheong, head of transaction and collateral management-global commodities finance at OCBC

Swiss vendor MIT (Micro-Informatique & Technologies) has signed a contract with OCBC Bank to support its commodity trade finance business with its TRAC (Trade Risk Active Control) system. Maggie Cheong, head of transaction and collateral management, global commodities finance at OCBC, explains the bank’s choice: “We have chosen the TRAC system as it provides the […]

Bitcoin needs infrastructure

Besides mounting enthusiasm for Bitcoin and other crypto currencies, momentum is gathering to develop the infrastructure needed to turn what some see as a technology into a universally accepted currency.

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