By 2024, card issuers will no longer be required to use magnetic stripes on their credit and debit cards, according to Mastercard
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Fintech startup ZestMoney acquires PhotographAI to strengthen its AI capabilities
Bangalore: Fintech startup ZestMoney, one of India’s largest digital consumer lending platform has acquired PhotographAI, an AI-as-a-service platform offering various computer vision APIs. The strategic move will further strengthen ZestMoney’s capabilities in AI, visual AI and OCR. With this acquisition, ZestMoney is expected to have one of the most advanced automated credit assessment capabilities in the market. This is also a further step to delivering the most hassle-free automated and paperless credit products to more than 300 million households who currently do not have access to credit cards or any…
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