"The development of full artificial intelligence could spell the end of the human race. It would take off on its own, and re-design itself at an ever-increasing rate." These words spoken by renowned physicist Stephen Hawking in 2014 hinted at the transformative potential of AI, sparking both excitement and concerns.

In today's fast-paced world, where convenience and speed are paramount, the traditional banking system has struggled to keep up. Whether it's funding a child's education, buying a house, or starting a business, credit has become a vital tool to achieve our dreams. Unfortunately, access to credit is not evenly distributed,

With an expected smartphone user base of 1 billion by 2026 [1], India is quickly undergoing a digital revolution in every aspect of daily life. And the retail loan space is not far behind. Between 2017 and 2020, in just 3 years, active retail loans in India have almost doubled!

“Digitization is the future of Auto sector.” Amit Jain, CEO of CarDekho The Indian auto industry is huge. It contributes 7.5% of the overall Indian GDP and 49% of the manufacturing sector. [1] With Covid wreaking havoc on auto sales for two years, it is now poised for a

On 02 Sep 2022, RBI launched a pilot project to digitalize the entire Kisan Credit Card (KCC) journey end-to-end in a few districts across India. RBI has tied up with Union Bank of India and Federal Bank for this experiment. Source: RBI RBI has spelled out a clear goal, which

As per Reserve Bank of India’s (RBI) financial stability report, the Indian banking system encountered approximately 6,500 incidents of fraud worth ₹30,000 crores in the year 2019 alone. The lack of due diligence in loan disbursal and credit defaults are the primary contributing factors to these frauds.