For Bottomline Technologies, AI and ML May Not be Enough Sramana Mitra

According to a McKinsey report, the global payments market is estimated to grow from $1.9 trillion in 2017 at 9% CAGR to $2.9 trillion by 2022. Portsmouth-based Bottomline Technologies (Nasdaq: EPAY) is a leading player in the B2B world of digital payments. Bottomline Technologies was set up in 1999 to provide enterprise-wide payment solutions to address the need to migrate enterprises away from pre-printed, paper checks as a payment solution. Since then, the company has come a long way. Its product suite is aimed at providing organizations with access to a single platform that can control, manage, and issue all payments across an enterprise.