This partnership signifies a pivotal moment in the application of AI within the eKYC process.
“All the financial clients in India currently want on-prem solutions because they don’t want their data to go out of their cloud,” said Anuj Srivastava, the co-founder of OnFinance.
Identity theft caused by AI is on its way to becoming the most dire type of online fraud.
Google Cloud’s shift away from rules-based systems is a significant bet on AI’s potential to address persistent challenges in anti-money laundering.
Generative AI can analyse enormous volumes of data and patterns, but it cannot take the place of human originality, creativity, and common sense. Therefore, human oversight is essential for its
SLQ is a robust, AI-based credit lending system that assesses the goodness quotient of the borrower and their ability to repay.
The company plans to use the capital to hire more people to grow its product portfolio and increase its international business footprint while also capitalising on its high-resolution optical and
Technological advancement in the past few decades has changed the way people live and how businesses operate all over the world. Everything in our life has become easier, faster and
Founded in 2000, Maveric Systems is a software engineering services company that works across financial platforms, banking solutions, data technologies and regulatory systems. The firm has offices around the globe
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
The American Express Company, also known as Amex, is an multinational banking and financial services corporation headquartered in New York City. The company is a financial giant with 114 million
Established in 1987, Angel Broking is one of the largest full-service retail brokers in India. The company offers a wide range of investment and trading services including stock and commodity
Temenos, the banking software company and Google Cloud has announced its global and strategic partnership to help financial service organisations to run mission-critical banking software and applications on Google Cloud.
Macro-Economy and Micro-Policies After the NBFC debacle, the Indian economy has seen liquidity drying up at a rapid pace. The lending industry has been affected so severely that credit growth
Open banking is a term that gives a secure way to service providers to access your financial information and build applications around financial institutions. It allows the owner of the
These are very happening times for the largest democracy in the world with elections in full swing and multiple financial events lined up like the Regulatory Authority of the country
This is the age where banks chase customers, offering them credit cards, loans and mortgages. But that’s on the personal side. There’s one sector in business that is yet to
FinTech is one of the biggest sectors which has witnessed tremendous growth in terms of technological advancement. As the competition in the industry keeps advancing, key players have no choice
Benford’s Law is one of the concepts which is used almost daily but goes unnoticed. Not many people know that the law, originally discovered way back in 1881, is a
Over the last few years, data sharing has picked up great momentum. Companies have started to embrace the data ecosystem model, sharing their data with other companies and even across
Digital assets might represent the future of the banking and financial services sector as we know it. They offer multiple positives over existing financial systems, and evidence of a tighter
The Indian banking sector has embraced emerging technologies that are disrupting the financial landscape. Leading Indian banks such as SBI, HDFC, Axis Bank, Yes Bank and ICICI Bank have
As data-led use cases gain prominence in India, there is a steep rise in data-intensive projects used in public sectors by the Indian Government. In this article, we list down
With chatbots gaining mainstream adoption in every domain and revolutionising human-computer interactions, these virtual assistants have begun to transform the customer service landscape in India. Not only is it making
After the great recession of 2008, according to several reports, the annual spending on compliance by financial institutions is estimated at $70 billion and the global demand for regulatory,
India has been considered the most strategic market for growth by the Chinese Telecom maker Huawei. The organization has recently expressed its interest of expanding into the Indian market. Derek
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