High-Income Earners’ Love of Installment Plans Signal Lucrative Opportunity for Merchants

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Hasbro, the publisher of tabletop game Dungeons and Dragons, expanded its involvement in AI in July through a collaboration with Xplored, the developer behind digital board game platform Teburu.

Hasbro Senior Vice President and General Manager of Global Brands Adam Biehl said at the time that the partnership would enable the company to “deliver innovative gameplay to our players and fans, limitless digital expansions to physical games, seamless onboarding and powerful AI-driven game mechanics.”

Biehl also mentioned in a separate interview that the company could leverage AI to create experiences capable of instantaneously reacting to player decisions and potentially simplifying rules to provide a smoother experience for newcomers.

From High-Income Earners’ Love of Installment Plans Signal Lucrative Opportunity for Merchants.

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Apple Adds Open Banking-Powered Capabilities to iPhone Wallet in UK

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Hasbro, the publisher of tabletop game Dungeons and Dragons, expanded its involvement in AI in July through a collaboration with Xplored, the developer behind digital board game platform Teburu.

Hasbro Senior Vice President and General Manager of Global Brands Adam Biehl said at the time that the partnership would enable the company to “deliver innovative gameplay to our players and fans, limitless digital expansions to physical games, seamless onboarding and powerful AI-driven game mechanics.”

Biehl also mentioned in a separate interview that the company could leverage AI to create experiences capable of instantaneously reacting to player decisions and potentially simplifying rules to provide a smoother experience for newcomers.

From Apple Adds Open Banking-Powered Capabilities to iPhone Wallet in UK.

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Money-laundering criminals are adapting to new technology faster than authorities can keep up, EU report says – ICIJ

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Even still, De Bolle estimated that EU authorities are confiscating less than two percent of criminal organizations’ annual earnings, money that is hidden across the globe.

From: Money-laundering criminals are adapting to new technology faster than authorities can keep up, EU report says – ICIJ.

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Meta AI assistant, dozens of AI characters, come to WhatsApp, Instagram – The Verge

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Meta is officially entering the AI chatbot wars, starting with its own assistant and a slew of AI characters it’s releasing in WhatsApp, Instagram, and Messenger.

For anyone who has used OpenAI’s ChatGPT, or other chatbots like Anthropic’s Claude, Meta’s AI will immediately feel familiar. Meta sees it as a general-purpose assistant for everything from planning a trip with friends in a group chat to answering questions you’d normally ask a search engine. On that latter piece, Meta is announcing a partnership with Microsoft’s Bing to provide real-time web results, which sets Meta AI apart from a lot of the other free AIs out there that don’t have super recent information.

Another big aspect of the Meta AI is its ability to generate images like Midjourney or OpenAI’s DALL-E via the prompt “/imagine.” In my brief demo, it produced compelling high-res photos in a few seconds. Like all of Meta’s AI features being announced this week, this image generation is totally free to use.

Ahmad Al-Dahle, Meta’s VP of generative AI who has been leading the assistant’s development, wouldn’t tell me exactly what it’s trained on. He described it as a “custom-made” large language model that is “based on a lot of the core principles behind Llama 2,” Meta’s latest quasi-open source model that is being quickly adopted across various industries.

From: Meta AI assistant, dozens of AI characters, come to WhatsApp, Instagram – The Verge.

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Signals: What you need to know about Know Your Customer

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Yes, the technology to perform the checks has improved (RESTful APIs are nice!), but approval rates are stubbornly stuck in the 85-95% range, and thousands of inaccurate results occur daily. While many folks in the industry have general familiarity with KYC, it also still appears that far fewer have a deep understanding of its nuances.

From: Signals: What you need to know about Know Your Customer.

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EU’s Breton tells Apple CEO to open its ecosystem to rivals | Reuters

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EU industry chief Thierry Breton on Tuesday called on Apple (AAPL.O) CEO Tim Cook to open up the iPhone maker’s fiercely guarded ecosystem of hardware and software to rivals.

Breton’s comments came after meeting Cook in Brussels.

“The next job for Apple and other Big Tech, under the DMA (Digital Markets Act) is to open up its gates to competitors,” Breton told Reuters.

“Be it the electronic wallet, browsers or app stores, consumers using an Apple iPhone should be able to benefit from competitive services by a range of providers,” he said.

From: EU’s Breton tells Apple CEO to open its ecosystem to rivals | Reuters.

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Car scams surge 74% in the first six months thanks to fake ads – here’s the motors most likely to be targeted | This is Money

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Car and van scams surged 74 per cent in the first half of 2023 with victims losing £998 on average in vehicle-related scams, according to new research from Lloyds Bank.

The Ford Fiesta was the most commonly targeted vehicle scam via fake adverts online.

From: Car scams surge 74% in the first six months thanks to fake ads – here’s the motors most likely to be targeted | This is Money.

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Are your children at risk of being lured into a money mule scam? How criminals are targeting pupils as young as nine to launder cash in alarming numbers | This is Money

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The most common way a money mule is contacted is on Instagram, according to Lloyds Bank.

Fraudsters then move the conversation to messaging app WhatsApp — also owned by tech giant Meta.

From: Are your children at risk of being lured into a money mule scam? How criminals are targeting pupils as young as nine to launder cash in alarming numbers | This is Money.

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Can digital IDs turbocharge resale for brands? Pangaia thinks so | Vogue Business

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Currently, to run a resale programme, retailers have to start by retrieving their products from consumers — if they can. Consumers currently have an abundance of places to place inventory, ranging from The RealReal to StockX to Depop. “Digital IDs reduce all the inefficiencies and move products back into brand preferred and profitable resale channels,” Franck explains.

Archive’s Gittins expects digital IDs to become the new norm as brands take ownership of their own resale. “It improves the consumer experience,” she says. “And, we’re seeing more brands want to adopt over time.”

From: Can digital IDs turbocharge resale for brands? Pangaia thinks so | Vogue Business.

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Are your children at risk of being lured into a money mule scam? How criminals are targeting pupils as young as nine to launder cash in alarming numbers | This is Money

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Nine in ten young people are confident they would be able to recognise a suspicious message and identify a fraudulent recruitment, according to the study.

But an undercover investigation revealed that a worrying 66% of university students approached via social media to ‘earn up to £1,000 a day’ responded by sharing their details and engaging with the sender, according to We Fight Fraud’s research.

From: Are your children at risk of being lured into a money mule scam? How criminals are targeting pupils as young as nine to launder cash in alarming numbers | This is Money.

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