Try GOLD - Free
WHY TAKE INDIA’S FINTECH REVOLUTION SERIOUSLY
The New Indian Express Shivamogga
|October 13, 2025
Y now, you are aware of the impact that artificial intelligence and data science have on your money.
Everyone looking to sell a product or a service to you anticipates your actions. They do it with the help of your digital footprint. The choices you make when buying anything online provide them with adequate information about your spending and investing patterns. For example, if you use credit cards and manage to make payments on time, you build a credit history. When you take out a personal or home loan, your timely repayments help lenders understand your repayment habits. The offers you get are tailored accordingly.
All of that was happening even before FinTech revolution. However, the intensity with which the information is gathered is changing rapidly. Your information is available to those interested in selling anything to you in almost real-time. Through AI and machine learning, information about multiple potential borrowers is analysed instantly. The voluminous data can be used to predict your future actions by combining your repayment history with your latest banking activity.
This story is from the October 13, 2025 edition of The New Indian Express Shivamogga.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Shivamogga
The New Indian Express Shivamogga
Kyiv could join EU in 2027 under US plan, says official
UKRAINE could join the European Union as early as January 2027 under the latest US plan to end the war with Russia, a senior source familiar with the matter told AFP on Friday.
1 min
December 13, 2025
The New Indian Express Shivamogga
'Don't use tourist visa for purpose of giving birth': US warns Indian appliers
Indian nationals anxious with change in laws
1 min
December 13, 2025
The New Indian Express Shivamogga
House truth: Gujarat’s road safety gap widens
FRESH Rajya Sabha and Lok Sabha data have exposed serious problems in Gujarat’s road management system.
1 mins
December 13, 2025
The New Indian Express Shivamogga
OUTFOXING AI, FOR BETTER OR VERSE
A paper on ar Xiv by researchers at the Icaro Lab in Italy has set off a firestorm of headlines.
3 mins
December 13, 2025
The New Indian Express Shivamogga
Russia behind cyberattack on its ATC, says Germany
GERMANY on Friday accused Russia of cyberattacks targeting its air traffic control and February’s general election, and said it had summoned the Russian ambassador to protest.
1 min
December 13, 2025
The New Indian Express Shivamogga
MahaYuti stays united, seals Maha seat deal for BMC polls
THE BJP and the Eknath Shinde-led Shiv Sena are set to contest the Brihanmumbai Municipal Corporation (BMC) elections—scheduled for next month—unitedly.
1 min
December 13, 2025
The New Indian Express Shivamogga
Police post built with stones thrown at cops during Sambhal clash opens
A newly constructed police post was inaugurated on Friday, just 100 metres away from the residences of Samajwadi Party’s Sambhal MP Zia-ur-Rahman Barg.
1 mins
December 13, 2025
The New Indian Express Shivamogga
CLIMATE SCIENCE IS NOT A HOAX, DON'T GAMBLE
SIR ROBERT WATSON'S BLUNT MESSAGE TO CLIMATE BLOCKERS
4 mins
December 13, 2025
The New Indian Express Shivamogga
Zubeen's secy, festival organiser among 4 charged with murder
THE Assam Special Investigation Team (SIT) on Friday filed the charge sheet in the highprofile Zubeen Garg death case in the court of Chief Judicial Magistrate, Kamrup (Metro), slapping the charge of murder against four of the seven accused.
1 min
December 13, 2025
The New Indian Express Shivamogga
Minister, scholar, LS speaker: Multi-faceted Shivraj Patil passes away
FORMER Union Home Minister Shivraj Patil Chakurkar passed away at 90 on Friday morning at his native Latur in Maharashtra after a brief illness.
1 mins
December 13, 2025
Listen
Translate
Change font size