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AI Set to Turbocharge Payments Due to Increased Dataset
Speaking to Doug Mackenzie, Roque Martinez, the CTO at SmartStream RDU, talked to us about how the changing data landscape will impact the payments space. International standards like ISO 20022 now mean third parties and financial institutions have an increased dataset to work with.
For companies like SmartStream this means greater accuracy and more time saved. With data being increasingly standardised across multiple domains, everyone is on a level playing field and users lives will be made simpler.
“It will give us the ability to make better models because the data is the same and we don’t spend unnecessary time creating pipelines to fix that data.”
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