Financial technology giant FIS said it has integrated the real-time transaction data enrichment technology of data and AI platform Spade into its debit card processing platform. The integration is designed to add richer context to transactions through AI-driven data parsing. Spade focuses on using artificial intelligence to analyze and enhance transaction data. According to the Techub report, which cited Finextra’s crypto channel, the move is expected to improve both the efficiency and the accuracy of transaction data processing on the FIS platform. No further technical details or rollout timeline were disclosed in the brief.
Financial technology giant FIS said it has integrated the real-time transaction data enrichment technology of data and AI platform Spade into its debit card processing platform.
The technology is intended to provide richer context for transactions through AI-driven data parsing.
Spade focuses on analyzing and enhancing transaction data with artificial intelligence. According to Techub, citing Finextra’s crypto channel, the integration is expected to improve the efficiency and accuracy of transaction data processing on the FIS platform.
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