Jaja Finance’s Post

New forms of artificial intelligence have raised that stakes in an already fierce battle between legacy payment companies and fintechs, placing pressure on IT teams to shorten development time.  To address this, Worldline, which is based in France and operates in more than 40 countries including the U.S., has entered a strategic partnership with Google Cloud. The collaboration is designed to speed the next phase of Worldline's two-year-old "Go to Cloud" automation strategy, which includes spotting new uses for artificial intelligence. "Tech development needs to be faster," said Marc-Henri Desportes, deputy CEO of Worldline.  Companies with their roots in transaction processing have invested heavily in strategies to remain relevant as their skills become an incrementally smaller part of a broader digital commerce strategy at merchants. Technology firms such as Stripe, PayPal and Block have taken advantage of that trend to gain ground through a mix of digital financial products designed for both merchants and consumers. Worldline will access Google Cloud's data analytics and AI to improve insights from Worldline's existing data to build new payment products, merchant services, streamline customer engagement and boost the use of low-carbon technology to expedite green …

As generative AI capabilities become available to everyone, #banks and other institutions will want to build intelligent solutions to provide #revolutionary new capabilities—first with their employees and, over time, for their customers. Microsoft 365 #Copilot, integrated across Microsoft 365, will provide generative #AI capabilities to the entire productivity suite.   To learn what this means for the future of banking, read our blog article: 1Rivet Brian Fenn Joe Cuddy Joshua Allen Bart Boland Helena Vendrzyk Gordon Eric Middleton Wade H. Barnes, MBA

Klarna's AI tool is doing the work of 700 full time customer service agents and helps add $40m in profit. As we see more tangible use cases of AI/ML impacting an organisation's bottom line, this sector will explode. Organisations that don't have an AI/ML strategy or capability will be desperate for talent both internally and externally. I suspect it'll be like the boom in cloud transformation from the early 2010s. At the moment, everyone is merely tinkering... https://lnkd.in/emjhnm2S

Embrace the future of payments with AI-driven solutions! Our comprehensive guide explores how artificial intelligence is revolutionizing payment processes, empowering businesses to optimize workflows, reduce costs, and deliver exceptional customer experiences. Discover the diverse applications of AI in payments, from transaction monitoring to personalized recommendations, and unlock the potential to drive innovation and competitiveness in the digital era. Explore the importance of adopting AI across industries and gain insights into the regulatory landscape governing AI usage in payments. Learn from leading digital payment companies leveraging AI to innovate and thrive in today's dynamic market. Ready to embark on a journey of digital transformation? Dive into our guide: https://lnkd.in/drrw9Myu #AIinPayments #PaymentInnovation #Fintech #CustomerExperience #Automation #RegulatoryCompliance #InnovationInTech #BacancyTechnology

Tipalti, Stax Payments, and Stripe detail how AI copilots fit into the mix when trying to improve employee efficiency.  Subscribers to American Banker can read the full article 👇

Tipalti, Stax Payments, and Stripe detail how AI copilots fit into the mix when trying to improve employee efficiency.  Subscribers to American Banker can read the full article 👇

Generative AI is transforming the financial services industry in Vietnam, leading to unprecedented innovation and customer experience enhancements! With over 14 million customers and diverse retail and business banking products, the Chief Product Officer at TymeX, Daniel Stacey, said: “We are pleased to be supported by AWS, our main partner in these initiatives. One example of how we’re integrating generative AI is through AI-driven chat interfaces in our mobile banking apps. These interfaces provide a user experience similar to popular social media platforms, ensuring that our customers find interactions with our apps as intuitive and engaging as those on (other) apps." Augustine Wong, Chief Information Officer at VPBank affirmed this, noting it was a key reason why VPBank decided to host their workloads on AWS. “Security concerns are a common issue when discussing generative AI. We chose AWS because of their expertise and security measures. AWS’s extensive experience across various industries reassures us about data safety. They continuously stay ahead of potential threats, which is crucial given the global nature of cybersecurity risks. We trust that their robust security will protect our data,” Wong said. — VNS https://lnkd.in/diu5MPFT #GenerativeAI #FinancialInnovation #AWS #AI

Revolutionize your payment processes with AI-powered solutions! Our in-depth guide explores how artificial intelligence is reshaping the payments landscape, offering businesses unprecedented opportunities for automation and optimization. From reducing manual tasks to improving decision-making, AI is driving efficiency and innovation in payment workflows. Dive into our comprehensive exploration of AI applications in payments, backed by expert insights and real-world success stories. Discover why adopting AI is crucial for staying competitive in today's fast-paced digital economy, and learn about the regulatory considerations that accompany its implementation. Explore how leading digital payment companies leverage AI to enhance security, streamline operations, and deliver superior customer experiences. Ready to embrace the future of payments? Read more: https://lnkd.in/dKPXGZES #AIinPayments #PaymentInnovation #Fintech #Automation #Efficiency #CustomerExperience #RegTech #InnovationInTech #BacancyTechnology

Tipalti, Stax Payments, and Stripe detail how AI copilots fit into the mix when trying to improve employee efficiency.  Subscribers to American Banker can read the full article 👇

Tipalti, Stax Payments, and Stripe detail how AI copilots fit into the mix when trying to improve employee efficiency.  Subscribers to American Banker can read the full article 👇