ChatGPT and Generative AI in Payments: Reality, Hype, What's Next ...
ChatGPT is an AI conversational model that has caused a stir in the tech world this year. The technology is powered by generative AI and has attracted the attention of payments service providers who are eager to leverage its potential.
Generative AI is expected to revolutionize various sub-verticals within the payments industry such as payment networks, mobile wallet providers, and issuing banks. The technology has the potential for positive use cases in authentic chat, personalization, credit scoring, payment optimization, and fraud detection.
However, security and compliance may not be the best use cases for generative AI in payments. Although it has the potential to disrupt the industry, it will take time for industries to embrace its full potential.
If you want to learn more about generative AI's impact on payments, the most and least promising use cases for the technology and actionable steps for providers to prepare for its rise, then you can purchase the full report. Use code CHATGPT100 for $100 off the price.
