Tradeshift pursues Basware acquisition, Citi adds Payment Insights to new markets, and Accu-Image talks AP automation hurdles
| | | | BUSINESS TO BUSINESS EDITION | | In The Age of Algorithms, Will Banks Ever Graduate To True AI? Itâs the age of algorithms, but not all algorithms are the same â and not all of them constitute true AI. A new PYMNTS report finds that FIs have adopted various forms of machine learning, but that AI's deployment remains low. What will it take to get more AI involved in fraud prevention and other tasks? What are the long-term costs of settling for lower capability algorithmic technology? Get your algorithm on and have a read. |
| Financial Authorities Press Collaboration To Improve Global Corporate Payments Correspondent banking relationships continue to drop, even as regulators and FinTech firms explore how to improve international payments functionality. Financial authorities are now taking a closer look at how this trend impacts corporate payers. In a new report, the Bank of England, Bank of Canada and the Monetary Authority of Singapore say international collaboration is essential to progress. |
| | Accounts Payable | | AP Professionals Often Their Own Biggest Hurdle In Automation There is significant room for error when a company attempts to digitize its accounts payable (AP) operations. For instance, Accu-Image Executive Manager Larry Bennett says AP execs will often print out emailed invoices, manually enter data and re-scan those documents into their systems. It's "crazy," he admits, but says this shows the value in outsourcing (most of) the AP function. |
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