WEX executive: AI and embedded finance raise the bar for payment controls

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WEX Senior Vice President Taranjit Singh said that AI and embedded finance are raising payment control requirements, and that payment service providers need to embed compliance, anti-money laundering, risk management, and reconciliation into faster fund flows. WEX has 40 years of proprietary payments data, and its models can combine context, institutional knowledge, and compliance guardrails to identify suspicious behavior, as well as handle post-authorization reconciliation and exception workflows. He recommends that institutions map system dependencies before replacing core components, and pursue continuous modernization through flexible APIs and shared standards.