Around 100 million digital transactions happen monthly in India alone and generate terabytes of data almost daily. The manual procedure of identifying fraudulent transactions is no longer feasible, meaning a well trained model with its continuous learning capabilities can easily beat any human analyst. On similar lines, when it comes to identifying prospective clients for loans or credit cards, a well trained AI model can not only come up with accurate results but also filter out probable defaulters. Moreover, continuous improvement in the services sector means the middle class is growing from strength to strength; therefore, people are looking into investing their surplus income in order to draw maximum benefit. That is where the portfolio management aspect of AI comes in. In this white paper, we explore the applications of AI in these avenues.

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