Innovative Approaches to Payment Glossary Creation and Management Using Generative AI

Prajwalkumar B Bhatkar

Abstract: This paper explores innovative approaches to creating and managing payment glossaries using generative AI. It addresses the challenges faced by the payments industry due to inconsistent terminology and proposes a solution through standardized glossaries. The paper discusses the benefits of implementing a payment glossary, outlines a step - by - step approach for its creation, and examines the role of generative AI in this process. Case studies from related industries are presented to demonstrate the potential impact of these approaches. The paper concludes by addressing potential challenges and outlining future prospects for AI - powered glossaries in the payment?s ecosystem and beyond.

Keywords: Payment glossary, generative AI, standardization, financial technology, terminology management

How to Cite?: Prajwalkumar B Bhatkar, "Innovative Approaches to Payment Glossary Creation and Management Using Generative AI", Volume 13 Issue 8, August 2024, International Journal of Science and Research (IJSR), Pages: 812-817, https://www.ijsr.net/getabstract.php?paperid=SR24728192241, DOI: https://dx.doi.org/10.21275/SR24728192241