**Breaking: Fintech CEO Predicts AI to Slash Payment Hub Build Times to One Week**
Otoma CEO Peter Reynolds issued a provocative forecast at EBADay 2026 in Copenhagen, claiming artificial intelligence could soon enable banks to create new payment hubs in just one week, compared to current timelines stretching months or years. Speaking to FinextraTV, Reynolds challenged the industry’s current AI deployment strategies, arguing banks are overlooking critical applications in forecasting and infrastructure support.
The executive emphasized a crucial tension facing financial institutions: the need to maintain operational independence while simultaneously managing expanding vendor relationships. This comes as payment infrastructure modernization accelerates across the sector, with institutions facing pressure to upgrade legacy systems while controlling costs and dependencies.
Reynolds’ timeline projection, if realized, would dramatically alter competitive dynamics in payment processing and could reshape vendor relationships across the banking technology landscape.
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FXnCO Insight
** Banks should audit current AI investments to identify infrastructure and forecasting gaps that could accelerate payment modernization while strategically balancing vendor partnerships to maintain competitive agility.
Source: Finextra