🚀 AI is revolutionizing the payments industry! In this episode of Instant Payments Decoded, host Marcia Klingensmith, the Instant Payments Maven, is joined by AI and payments experts Dr. Angela Murphy (Payments Elsa) and Jacqueline Rinehart (AI Alchemist) to explore how artificial intelligence is shaping the future of instant payments.
💡 Key Topics Covered:
✅ Fraud Prevention: AI-driven risk management, fraud detection, and real-time transaction monitoring
✅ Reconciliation: How AI and ISO 20022 streamline accounts payable, receivables, and settlements
✅ Personalization: AI-powered customer experiences, smart recommendations, and financial inclusion
✅ Operational Efficiency: Automating workflows, reducing manual processes, and driving digital transformation
🔥 Don’t miss these expert insights on AI’s role in payments modernization!
00:00 Introduction – Welcome to Instant Payments Decoded with Marcia Klingensmith
02:24 Guest Introductions – Meet Dr. Angela Murphy (Payments Elsa) & Jacqueline Rinehart (AI Alchemist)
05:11 AI’s Role in Payments – Where does AI plug into payments modernization?
06:49 Why Transformation Matters Before AI Implementation – Business fundamentals, trust, and efficiency
11:19 AI Governance in Payments – Balancing risk, compliance, and security
14:41 Fraud Prevention & AI – How AI is transforming fraud detection and risk management
16:17 Real-World Fraud Cases – The $990M fraud case and how AI could have stopped it
17:23 Q&A: Should FIs Build Their Own AI Fraud Systems or Use Vendors?
21:47 How Community Banks Can Leverage AI for Fraud Prevention
31:41 AI & Personalization in Payments – Smarter customer experiences and product recommendations
34:38 AI for Fairer Credit Decisions – Using AI to reduce bias in lending and credit scoring
37:45 AI for Payment Routing & Smarter Instant Payments
44:13 AI in Reconciliation & Supply Chain Payments – Using AI for real-time invoice matching
47:12 Automating Payment Processes with AI – ISO 20022 & intelligent payment workflows
52:59 Final Poll Results & Audience Insights – Where is AI making the biggest impact?
54:43 Key Takeaways & Next Steps for Financial Institutions
58:31 Closing Thoughts – Where is AI in payments heading next?
🔗 Watch Now & Subscribe! 👉 https://youtube.com/@UCZ4jEohdV9Zw-9Vv9hI6oZg
📌 Follow us for more insights:
👉 LinkedIn: https://linkedin.com/company/fintech-consulting-llc
👉 Website: https://fintech-consultant.com
📅 Upcoming Episodes: All about UPI, Cross-Border Payments—Stay Tuned!
#AIInPayments #InstantPayments #FintechInnovation #FraudPrevention #ISO20022 #PaymentsModernization #BankingAI #DigitalTransformation #FinancialInclusion #RealTimePayments #AIForFinance #TheFutureIsNow #InstantPaymentsMaven
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