Payment Intelligence represents a watershed moment in the world of cross-border payments. It marries efficiency and security, unlocking new possibilities for businesses, individuals, and economies worldwide. As this transformative force continues to evolve, it promises to redefine the way we navigate the global financial landscape, bridging borders and fostering economic growth and inclusion on an unprecedented scale.
Payment intelligence (PI) System – Can open lot of opportunities to young entrepreneurs and boost economy of the nation. Bringing Artificial intelligence to make FinTech better, demystified and simple. How payment intelligence will become better with machine learning. How ….. To bring people from technical backgrounds, business people who can understand and appreciate the need and concept of Artificial intelligence to create products, services and solutions in financial Technology and banking domain.
Against escalating security threats on mobile payments, empowerment of merchants, acquirers, and service providers with new commerce opportunities and experiences in store and protection should
AI in Fintech is a great help & ease for understanding on how the automation can be achieved for automated tasks (yes its true). Machine Learning focuses on predictions, based on known properties learned from the training data using too much statistical inductive reasoning. It’s been said ML works very well as long as past gets repeated in future. Financial chat bots use predictive analytics to push out real-time, informed responses to customers without the need for human intervention.
Established players are constantly anxious about protecting their hard-earned franchises, thereby confirming the emergence of the ‘new normal’. To further discussions on how to play the ‘new normal’, we analyzed the activities of a range of players and unearthed ‘8 core traits’ of likely winners. We believe embedding these core elements in the proposition, operating, and delivery models will enable players to ‘play to win’ in these turbulent times.
A well-functioning infrastructure for domestic payments plays a crucial role in minimizing the expenses associated with remittance services, particularly in nations that receive them. Access to financial services for individuals includes remittances. An effective remittance offering can enhance the immediate benefits and lead to better access to financial services in the future. It can also stir up rivalry among providers and shift transactions towards official channels. ..
Banks need to take a radical change from their current modus operandi in order to beat MNOs in the field of mobile payments or else take back seat as clerk for reconciliations and accounting units and regulator should allow MFS companies to innovate and bring new solutions and products in no time and make customers life easy, less costly and much faster. I..