How Are Machine Learning Algorithms Used In Finance Sector?

Innoviti Payment Solutions runs a payments platform that has an ability to add intelligence to traditional payment channels, enhancing their value. Merchants, brands and financial service providers use these intelligent payment channels to reduce cost and drive sales of their products. In a media report recently, the company claimed that its machine learning (ML)-based Path Predictor technology has helped enable Google Pay across its stores. The combination of UPI through Google Pay and Path Predictor has led to volumes climbing to nearly 10% for several stores on the Innoviti network.