In the rapidly evolving world of financial technology (fintech), India is leading the way in innovation, embracing advanced technologies to transform its financial sector. Over the past two decades, the country's BFSI (Banking, Financial Services, and Insurance) sector has grown significantly, shifting India from a predominantly cash-based economy to one characterized by widespread digital adoption,” says Alok Kumar Agarwal, a well-known industry veteran and former Managing Director of Alankit.
At the forefront of this transformation is the integration of artificial intelligence (AI) and machine learning (ML), driving improvements in efficiency, security, and accessibility. Alok Kumar Agarwal shares insights into how AI and ML are profoundly impacting India's financial ecosystem.