BARRY RODRIGUES
E-INVOICING & E-PAYMENTS
BARRY RODRIGUES
TITLE : EVP OF PAYMENTS COMPANY : FINASTRA INDUSTRY : FINTECH LOCATION : NEW YORK , US
Barry is an experienced CEO , board member and senior financial services executive with a demonstrated track record of working in both early stage and growth businesses spanning digital banking , credit cards , buy now pay later , merchant acquiring , corporate / virtual cards and networks .
The growing demand Finastra , a financial software company , reported Gen AI has catalysed a new wave of innovation in payments technology . Its State of the Nation survey found the number of decision-makers at financial institutions who had improved or deployed AI capabilities over the last 12 months has increased from 30 % in 2022 to 37 % in 2023 at a global level .
The potential use cases for Gen AI in payments are only growing . Finastra ’ s EVP of Payments , Barry Rodrigues told FinTech Magazine how it also automates and improves processes : “ For example , automating invoicebased payment initiation .
“ Paper invoices and email attachments are still widely used by billers to get paid by their customers which typically involves typing bank transfer details from scratch , causing payment delays and errors .
“ Powered by advanced Gen AI , solutions can automatically extract payment information from invoices , eliminating the need for manual data entry . Advanced machine learning algorithms are used to identify and correct errors in payment data . “ The solution automates many of the manual tasks involved in payment processing , such as matching invoices to payments and reconciling accounts .”
164 December 2024