Role of machine learning and AI in changing the payments landscape

"We are surrounded by computers that can see, hear and learn. With Machine Learning as the medium, systems are analyzing vast amounts of data over time to carry out tasks independently; leading to better insights. Machine Learning solutions simply learn from experience without being programmed and this Artificial Intelligence has come a long way in the past decade and is now an integral part of our day to day lives. AI and machine learning are now in the thick of technology debate and thanks to advances in big data, cloud computing, and faster processing speeds it has become a mainstream solution in most sectors. The world is going digital and institutions can now access vast amounts of data; in fact more data has been created in the last couple of years than in the entire previous history of the human race.