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Lucinity secures patent for federated learning AI, enabling secure data sharing

The Payments Association

The biggest thing holding back the adoption of advanced AI systems is the global concern over data security. Now, with our patented technology, algorithms from one market can share essential learnings with another market, and the data remains safe, private, and secure,” says Guðmundur Kristjánsson, CEO and founder of Lucinity.

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Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities

PYMNTS

“The intent of the organization is to help payers better identify [the] payee information they need in order to make electronic payments,” he said in an interview, adding that the directory aims to be “payment agnostic” and support payments made via a variety of rails, including FedWire, ACH, SWIFT, lockbox and, yes, paper check.

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