International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Enhancing Payment Settlement Processes through Generative AI

Author(s) Kumar Shanmugasamy
Country United States
Abstract The financial industry has seen transformative technological advancements, with payment systems pivotal in driving economic growth. This paper explores the potential of Generative AI to optimize payment settlement processes, focusing on improving operational efficiency, enhancing security, and minimizing settlement risks. By analyzing real-world applications, this research highlights how AI-driven innovations can revolutionize payment infrastructures while ensuring compliance with regulatory standards.
Keywords Generative AI, Payment Settlement, Real-Time Payments, Cross-Border Transactions, AI Governance
Field Computer Applications
Published In Volume 6, Issue 5, September-October 2024
Published On 2024-09-26
DOI https://doi.org/10.36948/ijfmr.2024.v06i05.27936
Short DOI https://doi.org/g59zvm
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