TECH BUYER Jan 2022 - IDC Perspective - Doc # US48616821

Artificial Intelligence and Payments: A Natural Fit

By:

Aaron Press
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Abstract

This IDC Perspective highlights findings from IDC's 2021Worldwide Industry AI Path Survey, looking specifically at the use, plans, and investments into artificial intelligence (AI) for payments. Banks have singled out payment processing as the most important workload for AI and are driving ahead with investment and deployment.

"IDC's AI Path Survey clearly shows that artificial intelligence has become a critical piece of financial services transformation," says Aaron Press, research director, Worldwide Payment Strategies at IDC Financial Insights. "Payment processing and payment-related workloads, which are both data rich and require rapid, complex decision making, are particularly well positioned to leverage the technology."


Coverage

Subscriptions Covered

Worldwide Payment Strategies


Regions Covered

Worldwide


Topics Covered

Cognitive/artificial intelligence, Technology buyer


Vertical Markets

Connected banking


Content


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