Howdy #fintech nerds 👋. Huge week in fintech. Google is a bank (kind of), and Banking as a Service's buzzy new start-up. So much to get into this week...
So Orum is ACH but with AI to ensure the transactions will pass, so people can move money around quicker and it appears to be real time? Or what is it?
Orum is interesting. My understanding is that it removes the frictions in ACH with ML/AI. Despite the clearing house RTP, a newer solution, Orum still generates lots of interests. Perhaps successful payment solution needs to be coupled with fraud prevention and AML?
So Orum is ACH but with AI to ensure the transactions will pass, so people can move money around quicker and it appears to be real time? Or what is it?
Orum is interesting. My understanding is that it removes the frictions in ACH with ML/AI. Despite the clearing house RTP, a newer solution, Orum still generates lots of interests. Perhaps successful payment solution needs to be coupled with fraud prevention and AML?
I like the flow and direction of your weekly efforts. You never disappoint.