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Artificial intelligence in financial sector

By: Dadhick, Balendu Sharma.
Material type: materialTypeLabelBookPublisher: Yojana Description: 66(4), Apr, 2022: p.29-31. In: YojanaSummary: The crucial role of financial technology is unquestionable in India, where transactions worth Rs. 22.5 lakh crore were made through digital systems in the last financial year. It is expected to go up to Rs. 75 lakh crore in 20206. Due to the government’s efforts and in the wake of the Covid-19 catastrophe, the sheer popularity of digital payment and fintech in India has startled the world’s leading economists and technologists. The ACI worldwide report concludes that India had become numero uno in the world in terms of online transactions two years ago itself. China, South Korea, England, Japan, and America were trilling us which happened when digital transactions in India stood at USD 25 billion that year. Today manifold progress has been mode since then, and the successful journey continues. – Reproduced
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Articles Articles Indian Institute of Public Administration
66(4), Apr, 2022: p.29-31 Available AR126773

The crucial role of financial technology is unquestionable in India, where transactions worth Rs. 22.5 lakh crore were made through digital systems in the last financial year. It is expected to go up to Rs. 75 lakh crore in 20206. Due to the government’s efforts and in the wake of the Covid-19 catastrophe, the sheer popularity of digital payment and fintech in India has startled the world’s leading economists and technologists. The ACI worldwide report concludes that India had become numero uno in the world in terms of online transactions two years ago itself. China, South Korea, England, Japan, and America were trilling us which happened when digital transactions in India stood at USD 25 billion that year. Today manifold progress has been mode since then, and the successful journey continues. – Reproduced

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