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At the forefront of this economic industry sits the banks. Mobile banking would be the most obvious of those examples. If you know anything about fintech-based partnerships, you’d know they are some of the most transactional on the planet. Many banks act as distributors of many products from financial technology companies.
Capitalizing on early adopter verticals : Regulated industries like banking, insurance, and healthcare are more cautious with AI, but sub-segments like fraud detection and risk analysis are gaining traction due to more explainable outcomes.
As competition heats up, mergers & acquisitions and partnershipstrategies will become common. The use of innovative AI applications will impel partnerships between OEMs and TSPs with software-as-a-service (SaaS) providers and AI companies. TSPs will partner with technology start-ups to build on complementary capabilities.
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