International Journal of Science, Engineering and TechnologyAuthors: Shrutika Giri, Gayatri Badgujar, Anvi Kore, Ravindra Apare
Abstract: Traditional Buy Now, Pay Later (BNPL) services are held back by their rigid, outdated systems, making them easy targets for fraud and unable to offer personalized experiences. This new Adaptive BNPL with AI is designed to overcome these limitations. Solution is a smart, multi-layered system that uses artificial intelligence to boost security and improve the user experience. At its core, it relies on AI models like Logistic Regression and Random Forest to create dynamic credit scores and accurately predict potential late payments. We're also using Isolation Forest for proactive fraud detection, stopping fraudulent activity before it even happens.To make the service even more user-friendly, we're integrating a conversational AI assistant powered by Natural Language Processing (NLP). The system will also feature flexible payment options, including the ability to split payments for a single transaction across multiple items or even multiple people.
DOI: http://doi.org/10.5281/zenodo.20699043
