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In the dynamic landscape of the Banking, Financial Services and Insurance BFSI sector, the integration of generative artificial intelligence GenAI has emerged as a transformative force, reshaping traditional practices and unlocking unparalleled efficiencies. As financial institutions navigate an era of unprecedented digital acceleration, AI stands at the forefront, offering a spectrum of applications that revolutionize the industry. From enhancing customer experiences through personalized services to mitigating risks with advanced predictive analytics, AI's imprint on banking is multifaceted. In an exclusive interview with ZeeBiz. Here are excerpts from the interview —. Chander Damodaran: Cloud and AI have been the two key technology catalysts that have unlocked massive potential across industries. Firstly, it is driving scale and repeatability by unlocking productivity in engineering through co-pilot-led development and testing. Secondly, it is facilitating automation of business operations and non-critical business functions. Thirdly, it is infusing AI in product portfolios, enabling data-driven decisioning or actions around regulatory compliance, fraud detection, credit scoring, and claims processing. It also poses significant challenges. Hallucinations and algorithm biases can impact accuracy of results, requiring investments to incorporate reinforced learning and humans in the loop. AI is increasingly being used by bad actors in triggering large-scale data breaches and fraudulent transactions and claims, necessitating robust and proactive cybersecurity measures. Chander Damodaran: At Brillio, we believe AI is no longer just a technology, but a fundamental building block fueling the future of IT. We address these challenges by ingraining data, process, and model governance to ensure no biases impact the quality of the results. We also ingrain responsible AI principles in each of our engagements with human intervention and reinforced learnings to increase overall accuracy.

We build with AI to give you a competitive edge and become generative enterprises TM of the future.

We carve out new possibilities every day. Where technology and human ingenuity converge to usher in new frontiers of innovation and relevance. Every organization's digital journey is unique. We create bespoke solutions that engineer your tomorrow, today. We build with AI to give you a competitive edge and become generative enterprises TM of the future. A logistics giant harnesses cloud technology to eliminate waste and feed the world. The ecommerce firm leverages tailor-made solution to streamline conversion, accessibility, support and service on SFCC.

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We carve out new possibilities every day. Where technology and human ingenuity converge to usher in new frontiers of innovation and relevance. Every organization's digital journey is unique. We create bespoke solutions that engineer your tomorrow, today. We build with AI to give you a competitive edge and become generative enterprises TM of the future. Revolutionizing user experience with a one-stop tool through real-time query responses and enhanced scalability, security, and workflows.

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Collaborate on and edit Office files, share files from OneDrive and other storage services, and chat with colleagues' right from your inbox. Pioneering tomorrow's generative enterprises TM. Thirdly, it is infusing AI in product portfolios, enabling data-driven decisioning or actions around regulatory compliance, fraud detection, credit scoring, and claims processing. Sign in to Outlook. Contact Us. Is Gmail shutting down? Geekster's Way of Success. Learn more about Outlook. Expert explains From enhancing customer experiences through personalized services to mitigating risks with advanced predictive analytics, AI's imprint on banking is multifaceted. Every organization's digital journey is unique. It also poses significant challenges. Sign In Register. Get things done. Start Learning. We also ingrain responsible AI principles in each of our engagements with human intervention and reinforced learnings to increase overall accuracy.