How Artificial Intelligence is Shaping The Payments Sector
Modern Industries, in particular, the payment sectors are increasingly benefiting from artificial intelligence. In payments, AI refers to advanced analytical tech that goes beyond improving the payment environment for banks, payments processors, retailers, and buyers. According to an IDC analysis, financial services firms will spend up to US$11 billion on AI come the year 2020 – beating any other industry. In essence, no sector enjoys the convenience of AI than payments. Another research by Consultancy.uk revealed Payments tech companies were the most likely to use AI in running their errands of all the banking categories studied. And now, The global...