Though in its nascency, the Indian banking sector is beginning to adopt artificial intelligence (AI), quite aggressively. As per a PwC FinTech Trends Report (India) 2017, in the past year, global investment in AI applications touched $5.1 billion, up from $4.0 billion in 2015. While large commercial and investment banks globally are incorporating AI and blockchain for both back-office and customer facing purposes, in India, widespread adoption of these technologies has not yet come to fruition.
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