“China-based Ant Group’s Alipay mobile app has launched a pilot of an AI-powered user interface, the Alipay Smart Assistant, that aims to direct Alipay users to more than 30 different types of services available within the app, according to a press release. The assistant, built on Ant Group’s Bailing large language AI model that aims to promote…
Tag: Alipay
BankThink U.S. banks are playing catch-up with Chinese fintechs
“The amount of U.S. mobile payments totaled $160 billion in 2018, while China reached a staggering $40 trillion, propelled by Alipay and WeChat. Therefore, financial firms must transform from three directions: From transactions to services; from products to customer centricity; or from branches to open banking.” https://www.americanbanker.com/opinion/us-banks-are-playing-catch-up-with-chinese-fintechs