{"id":946270,"date":"2025-07-14T08:21:51","date_gmt":"2025-07-14T02:51:51","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=946270"},"modified":"2025-07-14T08:44:55","modified_gmt":"2025-07-14T03:14:55","slug":"banking-on-ai","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/14\/banking-on-ai\/","title":{"rendered":"Banking on AI"},"content":{"rendered":"<p>Financial sector spending on Artificial Intelligence technology is growing rapidly, with estimates suggesting that investments, that are currently at about $45 billion, will cross $126 billion in 2028. <\/p>\n<p>Operational efficiency is, most often, the low hanging fruit. Financial service organisations are automating routine operations \u2013 data entry, transaction processing, customer service, reconciliation, reporting etc. \u2013 to save millions, dramatically improve turnaround time, and slash error rates. Back-office activities, such as document checks and customer identity verification, are being performed using AI, ensuring faster, cleaner processing at lower cost.  At the front-end too, AI tools are automating a variety of time-consuming manual tasks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial sector spending on Artificial Intelligence technology is growing rapidly, with estimates suggesting that investments, that are currently at about $45 billion, will cross $126 billion in 2028. Operational efficiency is, most often, the low hanging fruit. Financial service organisations are automating routine operations \u2013 data entry, transaction processing, customer service, reconciliation, reporting etc. \u2013 to save millions, dramatically improve turnaround time, and slash error rates. Back-office activities, such as document checks and customer identity verification, are being performed using AI, ensuring faster, cleaner processing at lower cost. At the front-end too, AI tools are automating a variety of time-consuming [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-946270","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/946270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=946270"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/946270\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=946270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=946270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=946270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}