As technologies like artificial intelligence and machine learning become more widely available and ubiquitous, they are having a real effect on payment processes. In less than two decades, the public has both become more aware and more comfortable with using technologies like machine learning and AI in their day-to-day life.
There has also been a meaningful increase in investment and adoption of machine learning and AI by companies. On top of that, computer processing technology has made huge leaps and bounds within the last decade. Companies, institutions, and governments now gather massive amounts of data as more consumer interactions and transactions go digital. In short, high-performance computing is becoming increasingly affordable and accessible, so it’s no surprise that this type of technology is already transforming the payments landscape.
Author: Jared Ronski