Banking & Finance

The Banking & Financial Services industry serves an important role in the global economy. By facilitating the movement of money from people or organizations with surplus capital to people or organizations wanting capital, financial intermediaries help power innovation and growth, creating jobs, building infrastructure and funding new ideas.

Enhanced spending on infrastructure, speedy implementation of projects and continuation of reforms are expected to provide further impetus to growth. All these factors suggest that India’s banking sector is also poised for robust growth as the rapidly growing business would turn to banks for their credit needs.

Also, the advancements in technology have brought the mobile and internet banking services to the fore. The banking sector is laying greater emphasis on providing improved services to their clients and also upgrading their technology infrastructure, in order to enhance the customer’s overall experience as well as give banks a competitive edge.

India’s digital lending stood at US$ 75 billion in FY18 and is estimated to reach US$ 1 trillion by FY2023 driven by the five-fold increase in the digital disbursements.



Current Trends



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Automation

Automation is the technology by which a process or procedure is performed with minimum human assistance.

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Big Data Analysis

Big data refers to data sets that are too large or complex for traditional data-processing application software to adequately deal with.

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Machine Learning

Machine learning is an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed.

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Block Chain

A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography.

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IoT

The Internet of things is the network of devices such as vehicles, and home appliances that contain electronics, software, sensors, actuators, and connectivity which allows these things to connect, interact and exchange data.

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Business Development

Business development is the creation of long-term value for an organization from customers, markets, and relationships.

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