Artificial Intelligence
In order to achieve operational efficiencies, reduction in cost of operations and better financial control, banks in India are adopting the latest technologies. After the adoption of central banking system (core banking), Indian banks are heading towards implementation of emerging technologies like big data, analytics, machine learning, artificial intelligence (AI)
Artificial intelligence (Al) is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of Al include expert systems, natural language processing (NLP), speech recognition and machine vision and various other facets Al programming focuses on three cognitive skills: learning, reasoning and selfcorrection.
Learning Processes- This aspect of Al programming focuses on acquiring data and creating rules for how to turn the data into actionable information. The rules, which are called algorithms, provide computing devices with step-by-step instructions for how to complete a specific task.
Reasoning Processes - This aspect of Al programming focuses on choosing the right algorithm to reach a desired outcome.
Self-correction processes - This aspect of Al programming is designed to continually fine-tune algorithms and ensure they provide the most accurate results possible.
CHATBOT
Gone are those days where people have to stand in Banks for availing basic services. Artificial intelligence is dramatically changing the world. It is leading to better experience and assistance to customer .As a result marketers understand the importance of those applications which help in conversing with customers and help in providing better assistance.
هذه القصة مأخوذة من طبعة August 2022 من BANKING FINANCE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 2022 من BANKING FINANCE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BURNOUT AT THE INDIAN BANKS: BREAKING THE CYCLE OF STRESS
The Indian banking landscape is undergoing a period of significant transformation. Mergers, acquisitions, rapid technological advancements, and an increasingly competitive environment are driving growth in the sector.
Financial Services in Free Trade Agreements
India Exim Bank organised a workshop on “Financial Services in Free Trade Agreements”.
HDFC Bank introduces PIXEL: A new generation of Digital Credit Cards
HDFC Bank announced the launch of ‘PIXEL’ – its first end-to-end mobile app-based customisable, DIY digital card range designed for Digital Natives. PIXEL is tailored for a generation characterised by digital fluency, unique preferences, and distinct financial behaviours.
ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India
ICICI Bank announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of making everyday payments.
Karur Vysya Bank opens its 840 th Branch at Ayodhya
Karur Vysya Bank (KVB) inaugurated a new branch at Ayodhya today. This is the 840th Branch of the Bank. Dr. Meena Hemchandra, Chairperson, Karur Vysya Bank inaugurated the Branch. Ayodhya is the 7th Branch of the Bank in Uttar Pradesh and the 35th Branch in the Delhi Division of the Bank.
ROLE OF 5G IN ACCELERATING DIGITAL TRANSFORMATION IN THE BANKING LANDSCAPE
The emergence of 5G technology presents a transformative opportunity for the banking industry.
EMOTIONAL AI IN BANKING
\"I believe that at the end of the century, the use of words and general educated opinion will have altered so much that one will be able to speak of machines thinking without expecting to be contradicted.\" - Alan Turing (23 June 1912 - 7 June 1954)
WOMEN ENTREPRENEURSHIP - A STRONG WHEEL OF INDIA'S GROWTH ENGINE
The importance of women entrepreneurship for economic development is widely recognized. India is one of the fastest growing economies and the importance of women entrepreneurship is felt at every level. Women entrepreneurship plays an important role in creating jobs, wealth, poverty reduction, human development, education, health and national development, especially in developing countries like us. The objective of this article is to recognize the contribution of Women entrepreneur in writing India's growth story.
NAVIGATING THE ETHICAL ABYSS: THE DEEPENING QUANDARY OF AI-GENERATED DEEPFAKES
In the digital age, where reality and simulation intertwine seamlessly, the emergence of artificial intelligence has thrust us into uncharted territories. With meticulous precision, algorithms now craft media that blurs the lines between truth and fiction, ushering us into an era fraught with ethical dilemmas and privacy concerns.
THE HISTORY OF THE INDIAN BANKING INDUSTRY
The history of the Indian Banking Industry is rich and diverse, reflecting the country's economic and political evolution over the centuries. Banking services play a vital role in the Indian economy, serving as the backbone of its financial system. Here's a brief overview:
