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Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Fintech News

Moreover, when Gen AI proposes enhancements to a product, risk rule, or customer service scenario, Way4 can implement these requests instantly. Instead of hard coding, Gen AI can configure new payment offerings using flexible parameters. Read more about OpenWay’s Gen AI digital payments use cases here. Source: OpenWay 2.

Use Case 122
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Brite Payments Appoints Open Banking Expert George Parks Davie as VP Product

Fintech Finance

Brite Payments , a leader in instant bank payments, has announced that George Parks Davie has been appointed VP Product. Fresh funding, announced in late 2023 , is being invested in product development and scaling the business to serve a growing number of markets across Europe.

Product 98
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Open Energy is Open for Business

Open Banking Excellence

A look at four of Australia’s Open Energy use cases While the world has taken Europe’s lead on Open Banking, Australia started with an economy-wide approach informed by the Consumer Data Right (CDR), which implemented economy-wide Open Data.

Use Case 147
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IBM Pulls the Curtain on New Innovations, Supporting Generative AI Use Cases in Financial Services

The Fintech Times

Business analytics enterprise, IBM , has unveiled new technologies designed to significantly scale processing capacity across IBM Z mainframe systems helping accelerate the use of traditional AI models and Large Language Models (LLMs).

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What Would it Take to See an NFT Revival?

The Fintech Times

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. However, in the last couple of years, behind the scenes, some developers have continued to bet on the technology for other use cases.

NFTs 145
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NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone 

NFCW

. “As familiarity and understanding of NFC continues to grow, so too does demand for additional applications and use cases for the technology. NFC technology enables the creation of efficient, reliable, secure, environmentally-friendly, and smart solutions,” adds Mike McCamon, executive director of the NFC Forum.

Consumer 125
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The dos and don’ts of implementing a card product: Simplifying the complexity for success

The Payments Association

In today’s competitive landscape, implementing a card product can be a powerful addition for businesses looking to enhance customer loyalty, streamline expenses, or broaden their financial offerings. Designing and launching a debit or credit card product requires navigating a complex web of stakeholders and intricate processes.

Product 88