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Breaking down data silos Jason Pedone, chief technology officer at Aspida AI only works if it is constantly being fed new data and information to work off of. Rapid AI advancements also introduce technologyrisks, as financial firms must continuously invest in infrastructure to prevent obsolescence.
But recommendation number five is for the Fed to “determine the optimal design of and implement a 24/7/365 settlement service to serve the needs of the faster payments system…and level the playing field.” It’s also a puzzle that we’d even look to the Feds in the first place to drive payments innovation. back in 2014.
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