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IndustryUpdate

nology integrates a chip and antenna, eliminating the
need for a separate inlay, reducing the card's carbon
footprint, CPI stated. This design flexibility allows for
innovations like unique card shapes and eco-focused
materials. CPI has begun manufacturing sample cards
and is ready to pilot the technology with issuers,
expanding its commitment to sustainable payment solu-
tions through its portfolio.
Endor scores AI models for security

Endor Labs launched Endor Scores for AI Models, a tool
that evaluates open source AI models for security, popu-
larity, quality and activity, aiming to provide developers
with scores to select the most secure models. Similar
to Endor Labs' DroidGPT, this feature applies 50 met-
rics, helping organizations manage dependencies and
identify models with minimal risk. Endor CEO Varun
Badhwar emphasized the need for secure AI integra-
ANNOUNCEMENTS tion to prevent vulnerabilities such as malicious code
or complex model dependencies, while also navigating
AI patents at BofA increase 94 percent since 2022 licensing challenges.
Bank of America expanded its artificial intelligence and Rivero wins gold at 2024 PAY360 Awards
machine learning capabilities, and now holds nearly
1,100 patents in these areas, contributing to the bank's Rivero, an SaaS developer focused on dispute manage-
ment and payment network compliance, won the Best
portfolio of almost 7,000 patents overall. This growth,
BofA said, reflects the bank's commitment to techno- Risk or Compliance Project award at the 2024 Pay360
Awards. In partnership with Cornèr Banca SA, Rivero's
logical innovation, with $12 billion invested annually,
including $4 billion for new tech initiatives in 2024. AI compliance solution, Kajo, proved highly effective in
streamlining banks' regulatory management and was
applications include Erica, the bank's virtual assistant,
and Client Insights for wealth management, which pro- praised by judges for its ease of use and visual design.
Additionally, Rivero's dispute management solution,
vides personalized advice to clients. Tools like CashPro
Chat and Intelligent Receivables enhance efficiency for Amiko, was shortlisted for Best Customer Engagement
Programme.
corporate clients, while a chatbot for Global Markets
supports traders with rapid data access, the bank noted. The Payments Group launches
Fi911 debuts micro-mentorship The Payments Group, a collaboration of four fintech
brands—Funanga, Calida Financial, TWBS and Surfer
Chargebacks911's sister brand Fi911 launched the LIFT: Rosa—launched to offer a global suite of payment
Empowering Women in Fintech mentorship program to
support women aiming to enter or advance in finance, solutions. Serving 190 countries with services available
at 550,000 retail locations, TPG is designed to enable
technology and payments. The micro-mentorship initia-
tive connects female mentees with experienced women seamless digital, card and cash payments, including
white-label e-wallets, prepaid programs and embedded
leaders from companies like The Access Group, NatWest
and Microsoft, offering one-on-one virtual sessions for payments. TPG CEO Jens Bader emphasized the com-
pany's dedication to eliminating payment friction, help-
career guidance. LIFT aims to bridge the gender gap in
fintech leadership, addressing industry barriers by pro- ing brands launch payment products quickly. Positioned
as a "360-degree" payments provider, TPG said it aims
viding practical insights and empowering young women
and rising professionals to envision leadership roles for to lead in the competitive payments market with swift,
adaptable solutions.
themselves in the traditionally male-dominated sector.
SAS finds AI investments pay off for banks
CPI to deploy revolutionary chip technology
CPI Card Group Inc. introduced a new contactless card A new SAS report revealed that banking leads other sec-
build featuring Infineon's SECORA Pay Green, advanc- tors in adopting generative AI (GenAI), with 17 percent
of banking leaders fully integrating it and 60 percent
ing eco-friendly payment solutions. The all-in-one tech-

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