#AIEye #Podcast: AppTech
Payments Corp (NASDAQ: $APCX) Discusses the Importance of #Fintech Patents, #AI
and the Future #Banking Transformation; @AppTechCorp #ArtficialIntelligence
Vancouver
Kelowna, Delta, BC – February 28, 2023 - Investorideas.com, a
global investor news source covering Artificial Intelligence (AI) and Fintech, brings you today’s edition of The AI
Eye featuring an
exclusive podcast interview with Mr. Mehrak Hamzeh, IP and Partnerships
Consultant for Fintech innovator, AppTech
Payments Corp. (NASDAQ:
APCX) discussing the importance of Fintech patents, the
role of AI and the future banking transformation.
Listen to today’s
podcast:
https://www.investorideas.com//Audio/Podcasts/2023/022723-AI-Eye-APCX.mp3
Read this in full
at https://www.investorideas.com/news/2023/artificial-intelligence/02281APCX-Fintech-AI-Banking.asp
AppTech Payments
Corp. is an innovative Fintech company whose mission is to
deliver a better way for businesses to provide their customers with immersive
commerce experiences. Commerse™, its all-new, patent-backed technology platform
powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives
highly secure, scalable, cross-border digital banking, text-to-pay and merchant
services altogether from a single, unified stack designed to increase
operational efficiencies and growth for businesses while providing the economic
convenience that their customers demand from today’s commerce experiences.
AppTech
currently has 17 patents in the space and has new patents filed and pending. Discussing
the importance of patents and IP in the sector Mehrak said, “IP will be the key
differentiator as the Fintech space continues to mature.”
Talking
about the role of AI in Fintech with all the buzz around ChatGPT, Mehrak told
Investor Ideas. “AI is really an overlay. So when looking at the chat systems like
our IP, Two Way Chat, that’s a communication system between an enterprise and a
cell phone. People do it all the time; you get a text message for your Citibank
card being charged- is this you – Yes No? That’s a two- way engagement; we
patented that.”
“So
it’s not just about Fintech, it’s about communications. It’s about building
communication systems that drive Fintech into the next world. That really
becomes the dial tone and we’re the dial tone when it comes to communication on
wireless and banking at the end of the day.”
He
also went on to say, “AI is an overlay of intelligence for the communications
systems for everything you do, how you behave and engage. It studies those
engagements to create Chat Box. AI is just taking conversations and reading and
studying them and deciding on behavior based on the conversation. At the end of
the day, it's predictability. AI will revolutionize the speed of processing and
thought.”
Mehrak
also details how banking will be the most important application for Fintech in
the future. He envisions a banking transformation where brands can become their
own banks and sees AppTech. as a critical part of that evolution.
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