Fintech Giant Stripe announced a series of new products on Wednesday to his annual STRIP SESSIES User event.
The salient points include a new Foundation model Ai for payments; Stablecoin propulsion account; A new orchestration offer and a recent migration with Behemoth Nvidia chip.
The Stripe payments foundation model has been trained on dozens of billions of transactions, said Emily Glassberg Sands, head of information from Stripe. So “captures hundreds of thin signals on each payment” that other models would miss, he said.
A case of use is an improvement in the detection of fraud. The previous “gradually” stripe models have reduced 80% cards test attacks in two years. Card test attacks are a type of fraudulent activity in which someone tries to determine if the stolen information of the card is valid so that they can use it to make purchases.
The company states that its new foundation model has increased its detection rate for these attacks on large companies “by 64% practically during the night”.
He added: “Previously, we could not take advantage of our vast data. Now we can”.
Stripe, of course, is not the only Fintech to have built a model using artificial intelligence for the detection of fraud. Only one example is Sardine, which is described as a platform for artificial intelligence risks for fraud, conformity and subscription of the credit, in February it collected a 70 million dollar Serie C financing round led by Activent Capital.
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In an interview, Will Gaybrick, the president of the product and the Stripe companies, told Techcrunch that the generalized stripe model is through self-supervised learning and therefore discovers its characteristics.
“We have found over and over again in automatic learning, the generalized models exceed,” he said. “Most of this is agility. It behaves better and adapts better to changes in fraud models.
Stripe also announced on Wednesday the intention of bringing the multicurrente cards supported by Stablecoin to companies by collaborating with other startups such as Ramp, Squads and Airtm. With these cards, companies in several countries will be able to “operate in the same currency for the first time”, say the companies.
The move arrives only three months after Stripe completed the acquisition of Stablecoin Platform Bridge.
With the orchestration, Stripe has said that it can better help companies set, manage and optimize the services between multiple payments from its dashboard, regardless of whether or not they use stripes as a payment processor.
Stripe has also used the event to appoint numerous artificial intelligence companies that use its billing product, including Windsurf, Openi, Anthropic, Cursor, Perplexity and ElendiLailab.
More recently, according to Vivek Sharma, head of the car car’s car, Nvidia has migrated its “entire subscriber base” for stripe invoicing in six-weeks-untech that Fintech says that it generally requires many months to complete and mark the “fastest migration of always migration to strips”. (Nvidia was already a client of Stripe Payments.)
Other announcements of Stripe on Wednesday included the following:
- Support for 25 new payment methods, including UPI and PIX, bringing its total to over 125 payment methods.
- Klarna will be available on connecting the Payment Product of Consumer of Stripe this summer.
- Stripe Terminal can now be used with third -party hardware, starting with checks.
- Managed payments, a new offer of merchanters who offers companies everything they need to insert new markets taking care of global taxes, fraud prevention, dispute management, fulfillment and more for them.
- Smart disputes, which use to automate the management of disputes.
- Stripe Tax is now available in 102 countries, compared to 57 last year, and the automation of the entire fiscal life cycle from monitoring and registration, collection and deposit.
- Global payments, which allow companies to pay customers, contractors and other third parties with only an address and -mail.
