• AI is incredibly good at pattern matching , banks can now spot unusual activity such as fraud or system malfunctions. For example, a hacker will no longer gain access to someone else's bank account because AI systems can recognize extraordinary activities in the system. Therefore, online banking is a lot more secure and also helps preserve the bank as well its consumers from financial obligations.
• AI is incredibly good at pattern matching , banks can now spot unusual activity such as fraud or system malfunctions. For example, a hacker will no longer gain access to someone else's bank account because AI systems can recognize extraordinary activities in the system. Therefore, online banking is a lot more secure and also helps preserve the bank as well its consumers from financial obligations.
• Through AI-powered analytics, banks will be able to use tons of data available at their disposal and reduce the risk factor while making forecasts for the future by deep-diving into what drives returns. It allows them to reduce their losses and also the best decisions on where all that money went in making investments or giving advice out of someone!
• Through AI-powered analytics, banks will be able to use tons of data available at their disposal and reduce the risk factor while making forecasts for the future by deep-diving into what drives returns. It allows them to reduce their losses and also the best decisions on where all that money went in making investments or giving advice out of someone!
By enabling companies to customize their offers and provide individualized recommendations, artificial intelligence is revolutionizing customer service. AI algorithms allow banks to offer customized solutions by examining consumer behaviour, preferences, and previous encounters, which increases customer satisfaction.
The way investment banking functions is being drastically altered by AI, which is making it more accurate and efficient. Banks are now better equipped to forecast risks and returns thanks to AI technologies, which facilitates better asset allocation and risk management decisions. The modern digital economy depends on the ability to detect fraud, track system vulnerabilities, and improve online financial security. All of which are made possible by machine learning and artificial intelligence.
The Debt-to-equity ratio has consistently dropped from 5.20 in FY20 to 3.79 in FY23 then increased slightly to 4.00 in FY24. This trend showcases a deliberate attempt by the firm to reduce debt and enhance its balance sheet, potentially via equity funding, internal earnings or improved profit retention. The slight rise in FY24 may indicate a resurgence in borrowing to grow, probably in line with an improving credit cycle.
Muthoot Finance the principal firm of the Muthoot Group, is the largest non-banking financial company in India based on its gold loan portfolio. Located in Kochi, Kerala the firm boasts a history of more than 135 years, starting as a small trading operation and transforming into a financial giant. Established in 1997, Muthoot Finance has cultivated a good reputation and trust among countless customers, mainly fir offering fast, convenient and secured loans with household gold jewelry as collateral. Starting in 2024, it runs an extensive network of more than 5,700 branches throughout India and has also begin to expand its presence in international markets such as UAE, Sri Lanka