| | JULY 20184As on 31st March 2018, the Indian banks' gross NPA stood at Rs. 10.25 lakh crore. While this might be the beginning of NPA revelations, it is important for the public & private sector financial institutions to use artificial intelligence & machine learning technologies for regulatory compliance, surveillance, data quality assessment, risk assessment, fraud detection & management, financial advisory services, trading and managing finance, whilst reducing cost and adding value to their service offerings. This will not only enable an efficient processing of information like credit decisions, financial markets, insurance contracts, and customer interaction, but will enable to design more customer-specific policies & services to fulfill the ultimate goal of financial system - reaching the last mile to empower them financially. AI could drive operational efficiency in functions ranging from risk management & trading to insurance underwriting. Funds are now migrating towards true AI models that not only analyze large volume of data, but will also continue to improve themselves. Additionally, the timely and automated advice & query resolution related to products or investments provided by chatbots & robo-advisors are gaining momentum. For instance, using AI capabilities, robo-advisors can analyze and understand their customers' spending & investment patterns, and make financial decisions so they can customize the advice they give their customers. These technologies will further enable better connectivity with the last mile customers (remote area) who still lie untouched by a proper banking system. Nevertheless, in the current issue of CEO Insights, we bring to you `25 Best Financial Services Companies - 2018'. This comprehensive list is carefully created post a detailed research & review by our panelists and editorial board to shortlist the names that are truly bringing a change in the industry and work beyond the use of AI & ML to create a better financial ecosystem for every stakeholder. \Anamika SahuManaging Editoreditor@ceoinsightsindia.comEditorialArtificial Intelligence & Machine Learning will Transform the Financial Service Sector Vol 01 · Issue 6 ·July, 2018 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Editorial Ananth.V Shefali Mathur Srrayvinya OLM Susila Govindaraj Group Art DirectorAshok KumarAdvertising ManagersMonisha.R Amrit SinghNoida Ashu Sethi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/magazine-in or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of BizprintMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2018 BizprintMedia Technologies Pvt Ltd, All rights reserved. Repro-duction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsi-bility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accord-ingly, no liability is assumed by the publisher. Design Manjunath S SivasankarVP - Sales & Marketing Virupakshi PattarCirculation Manager Magendran Perumalsiliconindia | | December 201733..ANDTAKE YOURBUSINESS TOTHE NEXTLEVEL !!Make it simple, get found byyour customers when they need you.!Visit: www.savit.in Call: +91 9699 477 488Dominate TheFirst Page Of ...
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