Fintech Insider Podcast by 11:FS

858. Focus: The biggest payment trends in Europe right now

May 22, 2024
The podcast delves into the biggest payment trends in Europe, including AI, account to account payments, and digital wallets. Guests discuss the evolution of payments, the impact of regulations on technology innovation, and the emergence of digital wallets in the region.
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INSIGHT

AI Revolutionizes Payments

  • AI is transforming payments through fraud detection, personalization, and customer service enhancements.
  • It helps reduce false positives and operational overhead while improving predictive analytics and pricing strategies.
ADVICE

Leverage AI for Payment Recovery

  • Use AI to optimize payment retries by predicting the best times to attempt recovery.
  • Analyze customer interactions at scale with AI to uncover needs and improve products rapidly.
INSIGHT

The Dual-Edged Sword of AI

  • AI presents risks as fraudsters exploit it, creating new scams like APP fraud.
  • Customer service can both benefit and suffer depending on AI's implementation and regulation.
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