The potential for India's banks to turn legacy tech into an AI advantage
The Economic Times, citing Boston Consulting Group, describe AI's promise of productivity gains and cost reductions for banks, plus its potential to expand financial inclusion in India.
TLDR
The Economic Times reports that Boston Consulting Group sees an opportunity for Indian banks to turn legacy technology into an AI advantage. It says institutions with fewer old systems can directly adopt AI-first operations. The article describes AI adoption as promising significant productivity gains and cost reductions, with potential to expand financial inclusion across India.
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