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Real-Time Execution : Funds move instantly and securely, with full traceability. Cited Sources National Association of Unclaimed Property Administrators (NAUPA) – [link] Aite-Novarica: Real-Time Payments 2024 Market Guide – [link] U.S. Fraud Shielding : AI-powered tools help detect and block fraudulent claims.
There’s ways to create certain lines around this, but update them for 2024 and beyond, that is the difference and I think it helps ultimately really protect customers and consumers, which should all be in our interests. And the blockchain is actually a terrible mechanism for illicit activity because it’s traceable.
2024 was a challenging year, and there are no two ways to go about it. The last couple of years have seen mass adoption, with a McKinsey survey showing that AI adoption jumped to 72% in 2024, compared to a slow climb from 50% over the previous six years. The next evolution of AI AI is leading the way - as to be expected.
In fact, Gartners 2024 AI report advises organizations that want to use generative AI on private data to prioritize RAG investments. Transparency and Compliance: Because RAG-based systems can provide citations and traceable sources for their outputs, they are better suited for use cases where compliance and verification matter.
2023 was the Year of the Demo, and 2024 is the year of production deployments of AI in Enterprise. Model features beyond accuracy also add something, like auditability and traceability through attribution, and a model saying “I don’t know” instead of making something up randomly and risking the business.
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