With its planned release of a new “virtual CFO” tool, Mastercard is looking to close “a longstanding resource gap for small businesses,” said Mark Barnett, global head of small and medium enterprises at Mastercard.
The New York-based payments giant announced the tool earlier this month as part of a broader “Virtual C-Suite” — a collection of artificial intelligence agents designed to act as digita...
In the context of growing fears about AI displacing jobs, Mastercard's virtual CFO tool represents an attempt to leverage AI for the benefit of small businesses. The tool is designed to support finance leaders by handling continuous monitoring and analysis, allowing them more strategic time. This shift toward AI could lead to a need for finance professionals to focus more on analysis, strategic thinking, or decision-making. However, it's important to note that the virtual CFO is not intended to ...