Analyse how AI and other cutting-edge technologies affect the complex web of international financial transactions. The global remittance sector and artificial intelligence (AI) work together in a way that is testament to the revolutionary force of innovation in the always changing financial and technology landscape. As we stand at the threshold of a new age, this book aims to explore the layers of complexity underlying the confluence of AI and remittances.

Your investigation will go beyond the current state of affairs and into the future, whereby predictive analytics and autonomous financial transactions will fundamentally alter the way that we send and receive money internationally. This process’s incorporation of AI technology represents a revolution rather than a simple progression, one that might improve millions of people’s lives by streamlining, securing, and lowering the cost of financial transactions. This book breaks down the complex workings of AI prediction models, reveals how blockchain integration may be used to facilitate safe and transparent transactions, and examines how biometric authentication can strengthen the security of financial transactions. It dives into the complexities of regulatory compliance, understanding the difficult balance between innovation and conformity to existing standards.

When machines carry out transactions based on complex algorithms and current market circumstances, what does it entail for people and economies? What effect does this change have on how people make financial decisions? This book is an invitation to imagine a future in which financial systems are not just efficient but also naturally intelligent. It is a call to reflect on the moral ramifications, the effects on society, and the obligations that accompany the dawn of a new era of financial opportunity. Remittances are about to undergo a revolution, and you have a crucial role to play in determining how this will play out.

Hari Prasad Josyula is a FinTech product transformation expert with over 15 years’ experience in delivering innovative customer-centric solutions. He is currently product analyst at Dow Jones. He is a functional solution architect across banking, asset and wealth management, financial services, regulatory compliance and reporting, logistics and supply chains. He is also a certified scrum product owner, ITIL service manager, and scrum master with a strong background in data analytics, business analysis, and agile methodologies.

His research interests including artificial intelligence (AI) in banking (anti-money laundering, fraud and risk management), generative AI for operational efficiency in financial services, open banking, blockchain and cryptocurrencies, central bank digital currencies. Embedded payments, programmable payments, financial risk management, product, program and portfolio management.

Josyula has a MBA in Finance from Suffolk University, Boston, MA and a MS in Physical Sciences from Andhra University, India.

http://www.linkedin.com/in/harij

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