Alok Kumar Agarwal Alankit Delves into AI and ML's Impact on India's Financial Sphere
In the fast-changing world of financial technology (fintech), India is leading the charge in innovation. It's embracing advanced technologies to transform its financial sector. Over the past twenty years, India's banking, financial services, and insurance (BFSI) sector has grown remarkably. This growth has shifted India from being mostly cash-based to being heavily digitized.
Alok Kumar Agarwal, an experienced leader in the industry and former Managing Director of Alankit, explains how this transformation is happening. He points out that artificial intelligence (AI) and machine learning (ML) are driving this change. They're making operations more efficient, secure, and accessible.
According to Alok Kumar Agarwal Alankit, AI and ML are leading a significant revolution. They're helping detect fraud more effectively, creating personalized experiences for customers, and automating repetitive tasks. This technological integration isn't just improving efficiency and making customers happier. It's also shaping India's future. From predicting trends to assessing risks, AI and ML are crucial for making better decisions and improving performance across various financial services.