International Scientific Journal of Engineering and Management

An International Scholarly || Multidisciplinary || Open Access || Indexing in all major Database & Metadata
ISSN: 2583-6129

Impact Factor: 6.674

A Study on Literature Review of Artificial Intelligence Implementation in India’s Banking Sectors

  • Version
  • Download 12
  • File Size 319.94 KB
  • File Count 1
  • Create Date 23 May 2023
  • Last Updated 23 May 2023

A Study on Literature Review of Artificial Intelligence Implementation in India’s Banking Sectors

A.P. SURIYA

DEPARTMENT OF COMMERCE,

JAWAHARLAL NEHRU RAJKEEYA MAHAVIDYALAYA (JNRM)

PORT BLAIR

ANDAMAN AND NICOBAR ISLANDS

 

Abstract

Banks are already offering a wide range of products integrated with technology and automation, the most common being ATM machines around us. Now moving to the next phase in the current Industry 4.0 era, Banking segments is all set to increase its strategy execution by leveraging newest digital technology so that its customers may practice speedy and secure processing of transactions. This study reveals, the advancement, acceptance, execution and potential opportunities of focusing on Artificial Intelligence (AI) for successful strategy execution in India’s banking sector. In this study, authors reviewed broad literature, explore secondary data about the research effort done on AI in Banking Sector to find  the current status of research as well as realistic application of AI in various parts of banking strategies e.g. surveillance, scam detection, ensure compliances, credit assessment, customer tune, handling repetitive large tasks etc. in general and focus on current developments in India’s banking sector, inspire banking leaders to move their focus proactively towards leveraging Artificial Intelligence with an aim to bring in delight for customers.

Keywords: Artificial Intelligence (AI), Literature, Researchers, Banking.


Download

Author's Blog

What is the difference between a Research Paper and a Review Paper?

A research paper and a review paper are both scholarly documents, but they serve different purposes and have different characteristics.research...
Read More
Author's Blog

What is DOI?

A Digital Object Identifier (DOI) is a unique alphanumeric string that is used to identify and provide a persistent link...
Read More
Author's Blog

What do you need to do during production of your Research Paper?

During the production of a research paper, the following steps need to be taken: conducting research, organizing and analyzing data,...
Read More
Author's Blog

What are the advantages of publishing a research paper?

Publishing a research paper can have many advantages for researchers, including: Career advancement, professional recognition, opportunities for collaboration, increased visibility,...
Read More
Author's Blog

Ways to Support your Academic Wellbeing which preparing the Research Paper/Article

To support your academic wellbeing while publishing a research paper, it's important to set realistic goals, manage your time effectively,...
Read More
Author's Blog

How to improve your Research Paper writing Skills?

Read extensively: One of the best ways to improve your research paper skills is to read extensively in your field...
Read More
Author's Blog

Is DOI compulsory to publish a research paper in a Journal?

DOI is not strictly required to publish a research paper, but it is highly recommended. Basically, the International Scientific Journal...
Read More
Author's Blog

In what ways does research paper give weight to career development?

Publishing a research paper can give weight to a researcher's career development in several ways, such as: establishing oneself as...
Read More
Author's Blog

How to develop a Research Paper from Scratch

Developing a research paper involves several steps including: choosing a topic, conducting background research, formulating a research question or hypothesis,...
Read More
Author's Blog

How Plagiarism report plays crucial role in Research Paper Publication?

Plagiarism is a major concern in the academic and research community, as it undermines the integrity of the research and...
Read More