A survey among finance and treasury professionals has found that real-time payment systems are seen as one of the significant innovations in the financial industry, with technology expected to further drive the commercial payment sector.
The study by TD Bank involving 390 industry professionals, including payments system stakeholders from business end-users, and financial and technology services organizations, showed that 20% of the respondents believed that artificial intelligence and machine learning will create positive change in the industry, while new and advanced technologies such as blockchain and biometrics are not yet at the forefront.
"One of the largest impediments to today's payments industry is that change is happening faster than organizations can realistically accommodate it," said TD Bank’s head of corporate produ...
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