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Programmable Reasoning To Usher In Programmable Payments? Featuring Dan Feaheny


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Agentic AI and large language models are converging with programmable payments to revolutionise finance whereby enabling intelligent wallets that automate decisions and real-time transactions. As legacy systems lag, countries such as the UK have a chance to lead by building secure, AI-powered financial infrastructure.


Discover how the blend of AI and APIs could revolutionize financial systems, as Dan Feaheny shares groundbreaking insights into programmable reasoning and real-time data in the fintech world. Using π as a metaphor for the continuous evolution of financial technology, Dan explains how agentic AI could transform payment processes and cash flow management.

 

The episode tackles crucial challenges facing traditional banks like Standard Chartered and HSBC, particularly their struggle to support small businesses effectively. Learn why the current SWIFT system is becoming obsolete and how a real-time identity wallet could streamline international transactions.

 

Key highlights:

- The role of programmable reasoning in finance

- How agentic AI could automate payment workflows

- The critical need for digital identity in financial systems

- Potential solutions for cross-border payment inefficiencies

- Impact of AI on workforce evolution and economic growth

 

Don't miss this fascinating exploration of how emerging technologies could reshape the future of finance and potentially save trillions in cross-border transactions. Listen now to understand the transformative power of AI in the financial sector.

 

00:00:00 - Introduction to Programmable Payments

00:01:08 - Moving to Dublin and Fintech Insights

00:02:25 - Banking and Technology Inflection Point

00:03:44 - Challenges in Cash Flow Management

00:05:06 - Impact of Agentic AI on Payments

00:07:20 - Challenges in Supply Chains and Trade Finance

00:09:22 - Challenges in Digital Payment Systems

00:12:20 - CBDCs vs Stablecoins: The Future of Value

00:14:04 - Agentic AI and Cost Effectiveness

00:15:36 - Job Creation and AI Controversies

00:16:24 - Impact of AI on Job Market

...more
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Digital Bytes by Team Blockchain Radio; Powered By Cyber.FMBy James Tylee / Jonny Fry