Alok Kumar Agarwal from Alankit Unveils AI and Machine Learning's Impact on India's Financial Systems

India is leading the way in financial technology (fintech), using advanced technology to transform its financial sector. Over the past 20 years, the country's Banking, Financial Services, and Insurance (BFSI) sector has grown significantly, helping India shift from a cash-based economy to one that relies on digital systems.

"AI and machine learning are at the heart of this change, bringing more efficiency, security, and accessibility to the financial industry," says Alok Kumar Alankit, a respected expert and former Managing Director of Alankit. These technologies are driving a major transformation in how financial services are delivered and managed.

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