Exploring the Use of Artificial Intelligence for Automated Compliant Transaction Processing
Sunil Rajaram Landge, Srinivasa Rao Gunturu, Hari Prasad Josyula, Thangavel Kiruthiga, Eram Fatima · 2024
This paper explores the capability of the use of synthetic Intelligence (AI) for automatic compliant transaction processing. AI-primarily based structures can examine large volumes of transaction records, detect inconsistencies and compliance troubles, and offer guidelines for development. AI can also be used to create models to pick out fraudulent transactions, conduct patron segmentation and analysis, expect customer behavior, and alert establishments of capability issues. Further, AI-based algorithms can be used to automate a huge variety of responsibilities, inclusive of approval tactics and automatic record storage and retrieval. The implementation of AI-based total technology is expected to lessen guide processing efforts and time, resulting in green, streamlined compliance tactics. By leveraging AI generation, companies could be capable of improving consumer revel, lessening dangers, and improving their normal performance. This paper examines the contemporary country of the artwork in AI-based technologies and discusses their capacity packages within the computerized compliant transaction processing area.