As I am keeping up to date with everything happening in the Payments landscape today it occurs to me that innovation is much more than a “aha moment” that a single person comes up with. For innovation to truly occur it requires team efforts and for people to embrace it and advocate for it.

Case in point – Artificial Intelligence – its been around since the 1950’s but has only really started flourishing within the last 10 years due to the speed of technology and expansion of data. What’s amazing now is the endless applications of AI in payments from taking on Fraud, AML, to cross selling based on behavior, to helping Small Businesses with invoicing, cash management, to automated underwriting………….

So for all these areas to transform teams need to drive the AI in payments and the market need has to be recognized. I believe that both Payment leaders and start ups are starting to realize the opportunity – let’s see where the road takes the Payment industry!