Blogs

Artificial Intelligence has the potential to solve many issues for the financial providers and corporates—reducing middle and back office administration

The payments business may be a scale game but mid-tier banks are not necessarily out of the running yet. Tier two and three banks can invest in a specialised payments processing gateway in order to keep pace with the larger players out there.

True human intelligence is difficult to replicate. Making computers behave like humans isn’t possible in a generic sense—but in a specific domain it can and has been achieved; with real applications used in finance and compliance for some time now.

Areas such as exceptions processing can make the payments business appear to be more of a cost centre than a profit centre, but this does not have to be the case.

Microsoft co-founder Bill Gates recently called artificial intelligence "the holy grail that anyone in computer science has been thinking about."

Why the ability to put information into context is at the heart of ‘next generation’ payment platforms. Artificial intelligence (AI) has been around for decades in various forms, but what is it really? Well, it’s the ability to put information into context.

In all our conversations, when talking with corporate treasurers within multinational organisations across the globe, two words are constantly repeated—simplicity and flexibility.

By Parth DesaiIndustry stalwarts like Bloomberg, SAP and SWIFT are all clamouring to offer cloud based solutions as standard, something that once would have been unthinkable.

Pelican continues to cause waves in this fascinating article by Kimberley Long, at euromoney.com

From September 23 2016, NACHA will begin a 3-phase process that will make virtually all types of ACH payments eligible for same-day processing.