Estera Sava’s Post

Great to be back in the trenches at Money20/20! Over 30 hours of meetings and presentations in three days highlighted key themes in AI, RTP, and cross-border payments: 1. Artificial Intelligence in Payments AI is transforming payments by enhancing fraud detection, reducing operational costs, and improving customer service. Investments in AI-powered payment processors are cutting fraud by up to 50%, lowering costs by 30%, and increasing customer satisfaction by 25%. 2. Real-Time Payments (RTP) RTP is reshaping the financial landscape and can reduce payment processing costs by 15-20% and improves cash flow, strengthening customer relationships and boosting retention. 3. Cross-Border Payments Innovations are making cross-border payments faster and more efficient. Fintech solutions are reducing transfer costs by up to 60% and speeding up transactions from days to minutes, increasing cross-border business for regional banks by 10-15%. KPMG US U.S. Faster Payments Council #Money2020 #AI #RealTimePayments #CrossBorderPayments #Fintech

How do you think AI could bridge the gap between Payments data and customer experience optimization? You have to see this: Meet and experience the first commerce aware AI to transform data into unstoppable growth in real time by DEUNA. Invitation-only event on January 12th in New York City. Attendance will be determined based on availability. Request your invitation here: https://lnkd.in/dQy2uKuY Don't miss the present and future in action 😉 Be there. I know I will. #payments #paytech #digitalpayments #fintech #financialtechnology #fintechindustry

At FinTech LIVE London 2024, Pairpoint's Chief Product Officer David Palmer offered compelling insights into AI's trajectory in financial services. Palmer highlighted how the next wave of AI adoption hinges on robust regulatory frameworks and enhanced data enablement strategies. While challenger banks have demonstrated agility in API integration, Palmer suggests that established institutions might hold the advantage in AI implementation, citing their superior infrastructure and regulatory compliance capabilities. #FinTechLIVE #ArtificialIntelligence #DigitalTransformation

Today, payments are no longer just a cost centre—they’re a revenue driver.💡 Through AI-driven innovation, we are transforming payment processing into a seamless and efficient experience. From enhanced onboarding to smarter routing and localised strategies, our technology boosts acceptance rates and lowers transaction costs, benefiting both businesses and customers. Read our latest blog post from our co-founder Anthony O. to learn how our AI-powered payments solutions can drive business growth: https://hubs.ly/Q02XVYM60 #Fintech #CustomerExperience #AI

𝗪𝗮𝘆𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗲𝗰𝗵 𝗶𝘀 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗦𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀... The landscape of financial technology is rapidly evolving, outpacing traditional models and embracing AI to offer smarter, more intuitive solutions. Here's how: AI-Powered Spend Platforms are replacing generic global spend platforms, offering personalized financial insights and automating savings strategies. AI-Enhanced Global Payments Networks are transforming the "Buy Now, Pay Later" approach, integrating with shopping assistants to provide seamless, financially responsible purchasing options. The transition to AI-driven financial tools signifies a leap towards more secure, efficient, and personalized financial management. How do you see AI shaping the future of your financial decisions? #FinTech,#AIInnovation,#AIRevolution,#FutureOfFinance,#FinancialTechnology

𝗪𝗮𝘆𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗲𝗰𝗵 𝗶𝘀 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗦𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 The landscape of financial technology is rapidly evolving, outpacing traditional models and embracing AI to offer smarter, more intuitive solutions. Here's how: AI-Powered Spend Platforms are replacing generic global spend platforms, offering personalized financial insights and automating savings strategies. AI-Enhanced Global Payments Networks are transforming the "Buy Now, Pay Later" approach, integrating with shopping assistants to provide seamless, financially responsible purchasing options. The transition to AI-driven financial tools signifies a leap towards more secure, efficient, and personalized financial management. How do you see AI shaping the future of your financial decisions? #FinTech #AIInnovation #AIRevolution #FutureOfFinance #FinancialTechnology

AI is no longer a future concept—it's the present reality transforming financial services. At Money 20/20 Europe, under the theme "Human X Machine," industry leaders explored the transformative potential of AI. Key takeaways include: * AI's Evolution: NVIDIA's Kevin Levitt described AI's shift from data retrieval to generation, predicting widespread adoption in financial services. *Responsible AI: Microsoft's Patrice Amman highlighted the importance of addressing risks like data privacy and bias, stressing the need for responsible AI investment. *Investment Strategies: Javier Perez, co-founder of Global PayTech Ventures and former CEO of Mastercard Europe, emphasised the importance of seamless integration, security, and domain expertise in future payment technologies. *Open Banking: Discussions on Open Banking, or Pay by Bank, underscored its potential for cost savings, the necessity for consumer adoption, and fraud prevention. The #Money2020Europe event was an invaluable learning opportunity for fintech professionals, providing information on #AI, #OpenBanking, as well as emerging payment technologies. Check out our website to learn more details and to gain further insight. https://lnkd.in/gJ2Rvu8y #fintech

Our role in helping financial institutions adopt #AI to build predictive models from unstructured first-party data is featured in the report "Opportunities for Generative AI in Financial Services", developed by This Week in Fintech (TWIF) in partnership with Visa. "Hyperplane, which focuses on consolidating customer information across siloed bank databases in a compliant way, to help banks invest in more well-tailored products." Make sure to follow TWIF and subscribe to their newsletter!

𝗪𝗮𝘆𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗲𝗰𝗵 𝗶𝘀 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗦𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 The landscape of financial technology is rapidly evolving, outpacing traditional models and embracing AI to offer smarter, more intuitive solutions. Here's how: AI-Powered Spend Platforms are replacing generic global spend platforms, offering personalized financial insights and automating savings strategies. AI-Enhanced Global Payments Networks are transforming the "Buy Now, Pay Later" approach, integrating with shopping assistants to provide seamless, financially responsible purchasing options. The transition to AI-driven financial tools signifies a leap towards more secure, efficient, and personalized financial management. How do you see AI shaping the future of your financial decisions? #FinTech #AIInnovation #AIRevolution #FutureOfFinance #FinancialTechnology

We had a lot of interest in our panel discussion “Leveraging AI for a competitive advantage in payments” at the SEAA 2024 conference. Leading companies in the payments industry like Vendara (Formerly Choice Merchant Solutions)and VizyPay are seeing huge leaps in efficiency and productivity. If you’re interested in using AI to improve merchant retention and revenue let us show you how. 🗨️🙋 #SEAA2024 #AIinPayments #FinTech #MerchantSolutions #Arcum