This Week in Fintech's Podcast 🎧 The Fintech and AI Series: All Things Payments
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Feb 19, 2025 In this engaging discussion, Alexis Zhu, Head of Global Partnerships at Stripe, and Yunyu Lin, Head of Applied AI at Ramp, delve into how AI is reshaping the payments industry. They explore AI's critical role in fraud prevention and workflow automation. The conversation touches on the exciting future of real-time payments and personalization in e-commerce. They also examine strategic decisions in integrating AI, the emergence of stablecoins, and the hilarious anecdotes that highlight the evolving landscape of financial technology.
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AI's Role in Fintech
- AI can accelerate existing product roadmaps and augment features.
- Most fintechs already have machine learning strategies, though not always apparent.
AI Doing Work for Users
- AI's ability to process context is crucial for financial businesses.
- Advanced AI is now doing work for users, like filling out forms and extracting receipts.
Automating Procure-to-Pay
- AI can automate the entire procure-to-pay cycle.
- It can evaluate options, contact sales teams, negotiate terms, and sign contracts.