Banks see strong potential for AI in payments – Finextra Research

Pelican, a leading provider of solutions to the financial services sector, today released the findings of its global survey ‘Leveraging artificial intelligence for payments efficiency’, which explores the attitudes of senior payment professionals within banks and corporates towards the use of artificial intelligence (AI) in supporting the payments business and related processes.The survey of more than 120 payments professionals across 32 countries found that:• 92 percent of respondents think the industry needs to gain a better understanding of how AI technologies apply in payments – as opposed to the hype around AI in consumer tech;• 72 percent see strong potential for AI to tackle the many inefficiencies present in their payments processing activities;• 67 percent believe that the adoption of AI technologies by banks to improve efficiencies in payments will…


Link to Full Article: Banks see strong potential for AI in payments – Finextra Research