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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.





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