RedCompass Labs, a London-based global consultancy renowned for its expertise in payments modernisation, has introduced an artificial intelligence (AI) solution designed specifically for the complex demands of the payments sector.
The launch of AnalystAccelerator v2.5 comes at a time when banks around the world are navigating the challenges of intricate, multi-year and multi-million-dollar payments transformation programmes, according to FF News.
As institutions implement standards like ISO 20022, SEPA Instant, and FedNow, the need for highly accurate and domain-specific AI support is growing.
This solution aims to close the gap left by general-purpose AI models, which often sacrifice accuracy for speed—an unacceptable trade-off in the precision-driven world of payments.
RedCompass Labs specialises in helping financial institutions modernise their payments infrastructure.
The firm combines decades of practical experience with cutting-edge technology to provide comprehensive support to banks, software providers, and system integrators as they navigate major transformation initiatives.
AnalystAccelerator v2.5 is designed to dramatically speed up the analysis phase of software development for payments projects.
By accelerating this phase by 45%, it helps reduce overall project costs by 25%, while delivering accurate insights grounded in global rulebooks and scheme documentation. Unlike general AI models, the tool has been fine-tuned specifically for payments and significantly outperforms popular alternatives, such as OpenAI’s GPT-4o.
Key to the tool’s strength is its model-agnostic design. AnalystAccelerator v2.5 can be deployed on any existing or future foundation model, ensuring long-term adaptability and performance.
RedCompass Labs continuously updates the solution by annotating rulebooks and documentation with deep domain expertise, allowing the AI to improve over time and deliver precise answers to specific queries.
The solution also offers efficiency gains by reducing computing power usage. Instead of relying on broad data pools, the AI targets retrieval to only relevant payment documents, saving both time and resources.
RedCompass Labs has already partnered with a tier one North American bank for a proof of concept. The company is also in advanced discussions with major global system integrators, consulting firms, and several international banks about rolling out AnalystAccelerator to support their ongoing modernisation efforts.
RedCompass Labs CEO Tom Hewson said, “AI is the biggest shift in payments modernization since the introduction of the computer. What once took an army of consultants weeks to solve can now be fixed by a handful of experts in a fraction of the time using AI. However, what isn’t changing is the complexity of payments modernization.
“With the global move to instant, interoperable payments and ISO 20022, the stakes have never been higher for banks. General AI tools lack precision and in payments, 99% accurate is not good enough. Payments experts ask complex, nuanced questions that need exact answers, answers that broad AI products, like ChatGPT, cannot guarantee.
“To support banks with payments modernization, we have created the world’s most comprehensive payments AI, trained on the largest collection of payments documentation in the world. Armed with AnalystAccelerator, analysts can work faster and smarter than before, while banks save millions as a result of the productivity gains.”
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
Investors
The following investor(s) were tagged in this article.
