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.
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.
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
MNO’s speed to achieve their goal to standardise, automate, digitise, remove boundaries by brining cross order financial/remittances service in form of payments, cash, airtime, paperless and online. At the same time banks are still in their canteens with their coffee mugs without any sign of worry but in reality all African banks face tough challenges from MNO’s & Fintech players.