Here are 4 ways AI is streamlining banking in India
AI and generative AI promise to let the Indian banking system create an evolving services ecosystem for their customers while meeting expanded risk management and compliance demands
Axis Bank is a private sector bank in India. The bank offers the entire spectrum of financial services to customer segments covering large and mid-sized businesses, micro-, small and medium-sized enterprises, agriculture and retail businesses. The bank has 4,594 domestic branches with 11,333 ATMs and 5,710 cash recyclers spread across the country as at 31 March 2021. It has 6 virtual centres and over 1,500 virtual relationship managers. Its overseas operations are spread over eight international offices, with branches in Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London.
AI and generative AI promise to let the Indian banking system create an evolving services ecosystem for their customers while meeting expanded risk management and compliance demands
The development of digital banking infrastructure in India is worth special mention, as it forms the backbone for enabling financial services.
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