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
Cite This	Enhancing Payment Settlement Processes through Generative AI - Kumar Shanmugasamy - IJFMR Volume 6, Issue 5, September-October 2024.

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