How AI and ML can transform the financial sector

Intelligent automation (IA) and robotic process automation (RPA) in e-KYC automate vital tasks like doc handling, loan disbursement, loan repayment, regulatory reporting; reduces average handle time. AI-equipped bots can enhance customer service. Plus, decreases reliance on employees. AI, ML can analyse Individual creditworthiness (ability to repay loan) using loan/credit history, reducing risked lending.  

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