Machine Learning: The Missing Link in Bringing B2B Payments Up to Speed

The machine learning branch of AI continues to make inroads to corporate banking use cases, and this referenced piece, which appears in The Financial Times, describes another one of those. The blog was written by the CEO of Previse, a 2016 startup based in London, which utilizes data contained in supplier invoices to make smart payment decisions using machine learning algorithms. We have covered the use of AI in corporate banking in several member reports, the latest having to do with receivables management, obviously a related use case. One can argue (as we have) that the cash cycle is all connected anyway, and digital process transition is the initiation point. Actually, comments in a previous posting suggest that cleaning your room is more fundamental, but regardless, the'missing link,' as mentioned in this title, is surely one of the tools in the shed to improve liquidity: 'At present, payments in the B2B sphere are hampered by archaic processes.