Bill pay

Corporate clients are increasingly asking their banks to help digitize back-office processes. Such a move can help both parties save time and money.

Clarity Money, an artificial intelligence-driven payment concierge, launched on Wednesday, a move its founders hope will provide consumers with an advanced financial health tool.

BillGO says it has seen a 65% jump in customers signing up for its bill-pay app since its launch in late October, and it predicts a payment processor partnership with GlobalOnePay will bring scale it hadn't previously enjoyed.

Intuit's personal finance app Mint has launched a bill tracking and payment function to keep customers on top of their bill management.

As subscription services get more complicated, the technology required to send bills, process payments and execute marketing campaigns will become harder to manage.

Machine learning can revolutionize online financial management tools by not only tracking payments, but creating a way to change payment habits in the future, says John Frankel, a founding partner of the New York-based ff Venture Capital.