Western Union Builds on Accelerator Momentum with New Artificial Intelligence Projects
Summary
LAS VEGAS--(BUSINESS WIRE)--MONEY 2020 CONFERENCE – Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today announced it is forging business relationships with two fintech start-ups in the first class of the Western Union Accelerator Powered by Techstars. “We’re fostering innovation internally and externally through our accelerator, and these initial projects with Bridged and Rebric are just the beginning,” said Jeff Hochstadt, chief strategy officer for Western Union. Rebric, also headquartered in Denver, uses machine learning and AI systems to identify bad actors and help companies stay compliant with sanction list regulations. As of June 30, 2019, our network included over 550,000 retail agent locations offering our branded services in more than 200 countries and territories, with the capability to send money to billions of accounts. With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth.