Archives for AI in banking
Management consultants Ranga Reddy, P Venkatesh, NN Subramanian and VN Mahesh founded Maveric System in 2000. The Chennai-based company helps banking and fintech leaders accelerate business transformation through effective integration of domain, technology, future-ready strategy and high-velocity execution. Today, the company has expanded to the US, the UK, Saudi Arabia, UAE, and APAC. In an…
The post Open Banking Is Accelerating Digital Transformation: Swaminathan Srinivasan, Maveric Systems appeared first on Analytics India Magazine.
Banks have existed since the dawn of civilization. No wonder such institutions are steeped in legacy systems and are resistant to change, especially technological. However, the COVID-19 pandemic turned out to be a disruptor in chief. The last one and a half years have transformed the way banks operate and interact with their customers. On…
The post Pandemic Disrupted Traditional Banking. And How! appeared first on Analytics India Magazine.
On the first day of Analytics India Magazine’s The Rising 2021, Mohua Sengupta, Managing Director Bangalore at Mashreq Bank, delivered a keynote on how artificial intelligence is revolutionising banking. A State University of New York at Buffalo graduate, Mohua comes with more than 22-years of experience and has been previously associated with Royal Bank of…
The post AI Makes Banks Cost-Effective and Efficient: Mohua Sengupta, MD Bangalore, Mashreq Bank appeared first on Analytics India Magazine.
The Financial Stability Report of July 2020, by the Reserve Bank of India (RBI), indicates that the gross NPA ratio of the scheduled commercial banks can rise from 8.5% in March to 12.5% in March 2021. Although Non Performing Assets (NPAs) have been written off by the financial institutions time and again, they are still…
The post Stringent RBI Policies & New-Age Technologies Could Bring Down The Bad Loan Woes For Banks appeared first on Analytics India Magazine.
The COVID-19 lockdown, along with other industries, has majorly disrupted the financial sector. Although the majority of the banking functions have already been digitised, onboarding customers has continued to be a time consuming in-person process. KYC or know your customer has been a critical and mandatory process for financial institutions; however, with a lockdown in…
The post How Aditya Birla Sun Life AMC Uses Artificial Intelligence appeared first on Analytics India Magazine.
Prasanna Lohar currently works as Head – Innovation & Technical Architecture at DCB Bank. As a part of DCB’s digital transformation, he is firmly focused on innovative customer servicing, technical architecture implementation, and adoption of emerging technologies for banking. Prior to this role, he was the Digital Bank Head for DCB where he leads various…
The post Banks Must Bet Big On AI And Blockchain: Prasanna Lohar, Head of Innovation – DCB Bank appeared first on Analytics India Magazine.
With universities going online and the growing interest of the Indian government on online education, there has been a significant increase in the adoption of e-learning. Furthermore, as the future of work is shifting towards more data and information-driven, there is an urgent requirement for trained talent to build these capabilities. And thus, it must…
The post Industry 4.0 Is No More Looking For A Pure Vanilla BTech Or MBA Degree, Says Vikas Gupta Of Wiley India appeared first on Analytics India Magazine.
Indian Institute of Technology (IIT) Roorkee, in collaboration with WileyNXT, India’s skill assessment and recruitment solution, has announced the launch of AI in banking programme. India’s first-of-its-kind online programme, ‘AI in Banking’ has been designed for existing as well as recently-graduated technology and finance professionals, who aspire to build a career in artificial intelligence and…
The post IIT Roorkee Collaborates With WileyNXT To Curate AI In Banking Programme appeared first on Analytics India Magazine.
Stephen Hawking, the renowned theoretical physicist once said, “It’s tempting to dismiss the notion of highly intelligent machines as mere science fiction.” The reality is that most AI applications do not have a physical form, but rather “live” in lines of code. The term “AI” includes all technology used to mimic human intelligence, typically falling…
The post How Data Analytics Backed By AI And ML Is Transforming The BFSI Sector appeared first on Analytics India Magazine.