“Plaid develops financial services APIs. It is akin to what Stripe does for payments, but instead of facilitating payments, it helps developers share banking and other financial information more easily. It’s the kind of service that makes sense for a company like Visa.”
And yes, as should be no surprise, one of the drivers will be AI (Artificial Intelligence). Just look at the company’s Autopilot offering…This is a system that allows for the development, training and deployment of intelligent bots, IVRs and Alexa apps.
There are definitely some interesting use cases for Autopilot. One is with Green Dot, which is a next-generation online bank.”
“Progress in the field has been lightning fast – today, everybody who’s anybody in the Valley is racing to develop and use machine learning, neural networks, natural language processing and a range of other sub-fields to innovate and monetize. Already that race has seen intense jockeying for position, with early leaders and laggards swapping positions. Here are 10 companies making big bets on AI.”