How US Businesses Can Gain Visibility and Control Through AI in Banking

  • “In order to maintain adequate cashflow, gaining visibility and control of spending is vital for businesses. However, currently, this is something many US businesses, SMEs in particular, struggle with, as shown by the fact 82% of business failures are due to poor cash management
  • As banks begin to address this problem, we are seeing the adoption of more technologies that make use of artificial intelligence (AI) and machine learning (ML), with research from Fraedom finding that 40% of US banks plan to invest in these technologies in 2019.”

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