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Artificial Intelligence and Payments: A Natural Fit

Publisher IDC
Published Jan 12, 2022
Length 6 Pages
SKU # IDC16921516

Description

Artificial Intelligence and Payments: A Natural Fit

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."

Please Note: Extended description available upon request.

Table of Contents

6 Pages
Executive Snapshot
Situation Overview
Key Data Points from the AI Path Survey
AI + Payments = Mission Critical
AI for Payment Processing Is a Budget Priority
Banks Are Well Along the Path of Implementing AI for Payment Processing
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

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