Splitit CEO Says Payments Firms Must Build for AI, Not Just Use It
Source: pymnts.com· PYMNTS· August 26, 2026
SynaBot summary
Payments companies need to develop AI capabilities rather than just adopting existing tools. Splitit's CEO emphasizes that strategic AI integration is crucial for future competitiveness in the financial sector.
Key takeaways
- Payments sector sees AI as a competitive advantage
- Companies must build AI, not just consume it
- Strategic AI development is key for future growth
- Innovation stems from internal AI creation
Why it matters
Businesses relying on AI tools should understand that a proactive, in-house development approach offers a significant competitive edge. This shift from passive usage to active creation will likely drive innovation and efficiency in AI-powered business operations.
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