Paymentgal Blog

financial services (2)

The question I want to explore here though is why, other than driving down the cost of acceptance, is it so important for an entity like Uber to control its financial services? I believe it's because financial services are an integral part of the company's infrastructure and as a result, Uber could be poised to show large corporates with highly complex payments profiles how they can control much of the assets they need to efficiently operate their business.
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What's really hard about AI or any other fintech infrastructure play is defining an implementation path that makes good business sense and then investing in that vision. Many stakeholders view these technologies as competitive differentiators and so lock their learnings up in closed rooms. Increasing the tide of information about the real experience of integrating, testing, and implementing these technologies will serve to improve and strengthen the market as a whole.
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