Stripe, the prominent fintech company, introduced several new products at its annual Stripe Sessions event. Key announcements included a new AI foundation model for payments, accounts powered by stablecoins, an Orchestration offering, and recent collaboration with Nvidia.
The payments foundation model, trained on billions of transactions, captures subtle signals about each payment that other models might overlook, according to Emily Glassberg Sands, Stripe’s head of information. This model has improved fraud detection, increasing the detection rate of card-testing attacks by 64% overnight for large businesses. The company had already reduced such attacks by 80% over two years with previous models.
Stripe’s AI model operates through self-supervised learning, discovering its own features. Will Gaybrick, Stripe’s president of product and business, emphasized that generalized models outperform due to their agility, adapting better to changing fraud patterns.
Stripe plans to introduce stablecoin-backed multicurrency cards, partnering with startups like Ramp, Squads, and Airtm to enable businesses globally to operate in the same currency. This follows Stripe’s acquisition of stablecoin platform Bridge.
The Orchestration offering will assist businesses in managing payment providers through Stripe’s dashboard, enhancing performance whether or not they use Stripe as a processor. Stripe also highlighted AI companies utilizing its billing product, such as Windsurf, OpenAI, and Anthropic.
Additionally, Nvidia migrated its subscriber base to Stripe Billing in six weeks, marking the fastest migration to date. Stripe announced further developments, including support for more payment methods, integration with third-party hardware, and the introduction of Managed Payments and Smart Disputes. Stripe Tax has expanded to 102 countries, and Global Payouts allows businesses to pay parties using just an email address.
