Exploring the Potentials of Smart Data Analytics in the Banking Industry

Authors

  • Meraj Inamdar NISM, Mumbai

DOI:

https://doi.org/10.33516/maj.v58i1.68-69p

Keywords:

No Keywords.

Abstract

The Indian banking industry is undergoing significant changes due to advancements in technology and increasing adoption of smart data analytics. One of the key trends driving the industry’s future is the increasing digitization of banking services, facilitated by the growth of digital payments and mobile banking. The use of digital payments has resulted in the collection of large volume of data on customer behavior and preferences, which is being used by banks to assess their credit worthiness and manage the risk. The Government has introduced initiatives to encourage digital payments and the Covid-19 pandemic has further accelerated the adoption of digital banking services and data explosion.

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Published

2023-01-01

How to Cite

Inamdar, M. (2023). Exploring the Potentials of Smart Data Analytics in the Banking Industry. The Management Accountant Journal, 58(1), 68–69. https://doi.org/10.33516/maj.v58i1.68-69p

Issue

Section

Cover Story

References

RBI (2020). Trends and Progress of Banking in India 2019-20. Reserve Bank of India. https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/TPBI20200628_1.pdf

Telecom Regulatory Authority of India (TRAI, 2022). “Press Release: Telecom Subscription Data as on 31st March, 2022” Retrieved from https://trai.gov.in/sites/default/files/PR_No.72of2022_0.pdf