Skip to main content

TIPS FROM TOP : "AI in Finance" by Mr Vikram singh, Account Director - L&T Financial Services


We were graced with the presence of Mr Vikram Singh on 20th January’19
Account Director - L&T Financial Services, for a corporate seminar at the IME Department. He has over ten years of experience in Banking, capital markets, treasury management and private equity funds in esteemed organisations like HDFC Bank and Reliance Capital.

He kicks started with the seminar with the introduction to every student of MBA-IIT Kanpur. His interest developed into AI with investments in technological start-ups. Mr Vikram Singh first focused on how AI is soon going to a General-purpose-Technology and touched upon the recent developments in the field of AI.


His examples about firms like Fincorp showed how AI is exploding in the field of finance. AI has increased risk management, helped in agile growth with the development of Deep Learning and Machine Learning. Chatbots being used by various banks are incredibly useful, e.g., Eva for HDFC.  Paypal is using deep learning technology. Many AI trading software has come up to strengthen financial prediction by using Bayesian Networks and Evolutionary computations. Many financial firms are using data analytics tools like Kensho in this present era.

Scope for digital wealth management is also growing in the finance sectors, especially the use of Robo Advisory. It provides an automated algorithm based portfolio management advice for managing investments. With combining customer needs and their information, it gives the solution in seconds. It offers automated reinvestments, direct plans, goal-based advisory, and full-service advice. 5inance is one such online platform that has a massive scope in future of personal finance and wealth management.

Although there are numerous proponents of AI, there are still researches that underline the importance of human intervention and AI can never be fully independent. The use of AI provides us with some opportunities with trade-off because of its disadvantages.

We are extremely thankful to Mr Vikram Singh for giving us his precious time and sharing his knowledge with us.





Comments

Popular posts from this blog

An Introduction to the batch of 2019-21

It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." A new zeal, vigour, and an unquenchable thirst for proving oneself is what describes MBA batch of 2019-21. 52 of us set foot on the pavement of a new journey and needless to say it has been unprecedented. Be it the early morning presentations, the stark midnight deadlines, or the never-ending case studies covering the gamut of concepts and context, each one of these activities can vouch for it. It has hardly been a month, yet the batch has acclimatized well with the life of one the most coveted institutes in the country, IIT Kanpur.
For most of us, this is the desired path, and for the rest, it is an opportunity to relive their school days. Since we are in a place that has no norm and instead offers endless diversity, there will always be something that entertains and challenges us. It is time we took this opportunity to build a lasting relationship with our c…

The 2018-20 batch, an initiation!

Time to take a plunge –  2018-2020Batch


The journey of a thousand miles begins with a single step
                                                                                            – Lao Tzu.

The energy of the Indian subcontinent unified at the gates of IIT Kanpur when we started our much- awaited journey of MBA. The pre-assignments and admission process gave us a much-needed glimpse of life ahead of us. With all glittering hopes, we, the 54 minds embarked on an endeavour to achieve our dreams and here we are, introducing our remarkable 2018-2020 batch with immense pride and responsibility wearing the badge of IIT Kanpur.

For most of us, who have prior work experience, it is a back to school time and for the rest, it is an aspired path by choice, now that we are in our new home, it is time for us to build an everlasting relationship with our peers and let the world know about us. With the get-up-and-go attitude, the diversity of the 2018-2020 batch is one of a kind with studen…

Tips from Top, Digital Marketing – A Key Perspective by Mr Vikash Kumar and Mr. Mohit Goel (Trident Ltd)

Mr Vikash Kumar, Chief Digital Officer at Trident Group India Ltd, visited the IME department at IIT Kanpur along with his colleague Mr Mohit Goel, GM at Digital Trident, on the 3rd of September, 2016. Talking about the changing scenario of digital marketing and the challenges and opportunities that it poses for today’s marketing managers, he shared his insights as the Chief Digital Officer of the textile giant Trident India Ltd, about the marketing and branding strategies being followed in the current scenario.

Mr Kumar stressed upon keeping the session as informal and interactive as possible, making it into a dialogue rather than a one-way lecture. He started with defining digital marketing as a medium that provides two way flow of information or communication on world wide web. He emphasized on how the rapidly changing world of digital marketing has made textbook knowledge insufficient, and further emphasized the importance of learning on the job, staying unique, and believing in o…