Lenders Raise AI Game With In-House, External Talent
Hindustan Times|December 26, 2024
Artificial intelligence (AI) that tiptoed into banking channels with chatbots is about to make bigger strides, as India's leading banks and non-bank financiers look to embrace the technology to improve customer service, cybersecurity and asset quality.
Shayan Ghosh & Shouvik Das
Lenders Raise AI Game With In-House, External Talent

State Bank of India, Bank of Baroda, HDFC Bank, Axis Bank and Poonawalla Fincorp are among lenders developing specific use cases through a mix of external experts and internal teams as they work to adopt AI to enhance business.

India's largest lender SBI is scouting for an intellectual property rights firm to secure patents for innovations in AI and machine learning by its analytics department. Peer BoB is also seeking external experts to generate use cases for AI.

SBI wants the selected firm to evaluate its AI/ML (artificial intelligence/machine learning) model against the criteria for getting patents registered. The firm must check if the model introduces new features or processes not found earlier; and also determine if the model provides a "non-obvious improvement or solution to a technical problem."

This story is from the December 26, 2024 edition of Hindustan Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 26, 2024 edition of Hindustan Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM HINDUSTAN TIMESView All
Hindustan Times

I wanted to experience the culture for myself, says B.I after performing in India for the first time

Kim Hanbin, popularly known as B.I, performed in India for the first time at the recently concluded KTown festival in Mumbai.

time-read
1 min  |
December 27, 2024
Lost Stories on blending folk with electronica: We try to come up with a sonic concoction no one's heard
Hindustan Times

Lost Stories on blending folk with electronica: We try to come up with a sonic concoction no one's heard

After over a decade of trailblazing in the global electronic music scene, Lost Stories—comprising DJs Prayag Mehta and Rishab Joshi—is returning with the highly anticipated EP, SOMA.

time-read
1 min  |
December 27, 2024
India Has Embraced Me With Open Arms
Hindustan Times

India Has Embraced Me With Open Arms

Actor Banita Sandhu on moving to her 'second home', India and her commitment to Hindi cinema

time-read
1 min  |
December 27, 2024
Beats, bites, and premium pours at the ultimate New Year bash
Hindustan Times

Beats, bites, and premium pours at the ultimate New Year bash

Ring in the New Year with a night of magic and melody!

time-read
1 min  |
December 27, 2024
OTT offered me genres that I wasn't getting earlier
Hindustan Times

OTT offered me genres that I wasn't getting earlier

Actor Tahir Raj Bhasin is in a celebratory mood—the recently released second season of Yeh Kaali Kaali Ankhein (YKKA) has been well-received, with a third outing confirmed for the series.

time-read
1 min  |
December 27, 2024
Shubman Gill dropped for a second spinner
Hindustan Times

Shubman Gill dropped for a second spinner

It was clear something was afoot early in the day when, during the warm-up session, Shubman Gill was on the field for only a short period.

time-read
2 mins  |
December 27, 2024
Bumrah keeps hope alive after fireworks by sensational Sam
Hindustan Times

Bumrah keeps hope alive after fireworks by sensational Sam

Three quick wickets by the pacer help India peg back the hosts from 237/2 to 311/6 on Day 1 of the fourth Test at MCG

time-read
4 mins  |
December 27, 2024
Hindustan Times

Konstas shows an outrageous way to tackle Bumrah

You knew something was going to happen from the moment Sam Konstas, all of 19, sprinted out of the blocks and onto the field of play at the Melbourne Cricket Ground on Thursday.

time-read
3 mins  |
December 27, 2024
ICC Fines Kohli for On-Field Altercation with Konstas
Hindustan Times

ICC Fines Kohli for On-Field Altercation with Konstas

Virat Kohli has been fined 20 per cent of his match fee for his rather avoidable mid-pitch altercation with Aussie debutant Sam Konstas.

time-read
2 mins  |
December 27, 2024
Hindustan Times

Fulham stun Chelsea with 2-1 comeback win; City held again

Fulham came from behind to beat neighbours Chelsea 2-1 after a 95th minute goal from substitute Rodrigo Muniz gave the visitors all three point in the Premier League on Thursday.

time-read
1 min  |
December 27, 2024