Integrating AI and Big Data for Real-Time Payment Processing in Digital Banking

Real-time traffic congestion is a challenging problem in smartcities. An Intelligent Transportation System (ITS) is a big data application integrating sensor hardware and network technologies, which can intelligently capture traffic information, efficiently transform data into knowledge, and organize and manage transportation resources. Urban Traffic Control (UTC) is a critical component of ITS, analyzing real-time traffic information and coordinating traffic signal timing plans to optimize traffic network performance and improve vehicle travel speeds. However, traditional UTC based on centralized architecture would be challenged in data transmission, architecture malfunctions, system bottlenecks, etc. As a solution, the multi-Agent based RTC (ATC) with smart intersections is proposed. Additionally, more comprehensive traffic data can be captured with advanced detection techniques, and Regional Traffic Control (RTC) systems can be designed with advanced optimal control algorithms. Digital Banking (DB) Infrastructures powered with AI can be trained on historical data to simulate human understanding of patterns and trends when leveraging custom models tuned to understand banking transactions. Integrating artificial intelligence (AI) and automation into the digital banking infrastructure can result in a stable pipeline implementation of sorting transactions data for anomalies per the bank thresholds. Moreover, with the integration of AI systems, captured data can be analysed to study the traffic characteristics of the bank and determine how efficiently it is working. AI can also be used to examine this data, identify problematic data, perform risk prediction, timely tracking, and further determine whether it fits the standards of bank transactions. AI can warn of difficulties in bank transactions. When an unauthorised transaction is detected, that transaction can be prohibited in real-time. Furthermore, it can help to significantly increase banks' risk management levels, improved efficiency and a near-zero error output requirement of regular activity.