15 The vast majority of the banks that we supervise will have to rely on the expertise, data, and off-the-shelf AI tools of nonbank vendors to take advantage of AI-powered processes. Whether these tools are chatbots, antimoney-laundering/know your customer compliance products, or new credit evaluation tools, it seems likely that they would be classified as services to the bank.
I myself was able to experience, how easy it was to conduct QR code-enabled payments. As shown in the demo we just shared, I had the opportunity to try QR Ph. Indeed, it is as simple as scanning a code using your mobile phone.