Almost 70 % of banks and organizations believe the introduction of Artificial Intelligence ( AI ) will improve efficiency in payment processing , according to a survey by financial services provider Pelican . Of the 120 payments professionals polled in 32 countries , 63 % believed they saw potential for AI in the area of sanctions prevention and fraud prevention .
Almost 70% of banks and corporations believe the adoption of Artificial Intelligence (AI) will improve efficiency in payment processing, according to a survey by financial services provider Pelican. Of the 120 payments professionals polled in 32 countries, 63% said they saw potential for AI in the area of sanctions screening and fraud prevention.