February 2025
Intermediate to advanced
512 pages
13h 16m
English
book
Generative Artificial Intelligence in Finance
by Pethuru Raj Chelliah, Pushan Kumar Dutta, Abhishek Kumar, Ernesto D. R. Santibanez Gonzalez, Mohit Mittal, Sachin Kumar Gupta
Content preview from Generative Artificial Intelligence in Finance
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21Framework and Interface: The Backbone of AI Systems in Banking in India
Priya Sachdeva1, Priti Goswami2, Sumona Bhattacharya3 and Mohd. Ashfaq Siddiqui4*
1Amity School of Communication, Amity University, Noida, Uttar Pradesh, India
2Department of Business Management, Indira Gandhi National Tribal University, Amarkantak, Madhya Pradesh, India
3Atal Bihari Vajpayee Vishwavidyalaya, Bilaspur, Chhattisgarh, India
4Department of Management, Infinity Management and Engineering College, Patharia Jat, University Road, Sagar, Madhya Pradesh, India
Abstract
The banking sector in India has witnessed a significant transformation driven by the adoption of artificial intelligence (AI) systems. This research paper explores the foundational components, including the framework and interface that underpin AI implementations in Indian banking. Examining data management, machine learning models, natural language processing, and security, we shed light on the key elements shaping the industry’s evolution. Furthermore, this paper delves into the design of user-friendly interfaces, personalization, and the impact of AI on customer experiences, with a focus on chatbots and data visualization. Regulatory considerations and ethical concerns are also addressed in the context of India’s banking sector. To illustrate practical applications, case studies of prominent banks such as HDFC, ICICI, and the State Bank of India are presented. Finally, the paper identifies future trends, including rural banking, ...
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