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GENAI IN BFSI
AI disruption in Indian IT front-loaded, but long-term demand intact: Sushovan NayakIndian IT services face near-term AI-driven revenue pressure, estimated at 1-3%, impacting stock valuations. However, experts believe marke...- BFSI firms set to see AI-led decision-making and real-time fraud detectionHowever, before large-scale adoption, companies need to address challenges around AI governance, infrastructure, and security
- India's brain-gain moment may be starting with a crack in the American dreamAs green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally e...
- BFSI firms set to see AI-led decision making & real-time fraud detectionIndian banks and financial firms are increasingly using AI for critical tasks like fraud prevention and decision-making. While early adopte...
- LatentView CFO sees GenAI boost driving next phase of growth; margins to stay stable amid expansionLatentView Analytics has recorded its tenth consecutive quarter of growth. Strong performance in the BFSI and CPGR sectors is a key driver....
- GenAI startup Darwix AI raises $1.5 million in seed fundingThe omnichannel GenAI platform that provides conversational intelligence for sales conversations to enterprises through its proprietary LLM...
- India has just one GenAI engineer for 10 open roles: ReportIndia faces a major AI talent gap, with only 49% of demand met, especially in emerging fields like GenAI and NLP, a Quess Corp report shows...
- Happiest Minds' net profit halved in Q4 on major client defaultThe IT services firm reported a Rs 12.5 crore write-off linked to a North America-based client who failed to meet payment obligations, Venk...
- Why megabucks AI pilots may not guarantee scalable businesses for technology companiesCustomer caution about potential pitfalls of GenAI in the industry wide ecosystem and lack of clarity around where they need to be deployed...
- AI roles fetch up to 40% more pay as GCCs open purse stringsDemand for generative AI skills in India’s GCCs rose 32% in 2024, with roles like GenAI engineers commanding 25–40% salary premiums, driven...
- Tech Mahindra aiming for bigger bite of bank tech spends, CEO saysUnlike its peers, Tech Mahindra has relied heavily on telecom clients to boost revenue. That will change as Joshi tries to take advantage o...
- IT slowdown not AI-induced, macroeconomic factors at play: Achyuta GhoshAuto-code generation, auto-test generation. So, these are all new services that are created. If you look at some of the recent phenomenon, ...
- IT engineering companies on acquisition spree to boost their BFSI business playAmid rapid BFSI growth, IT engineering firms are acquiring companies to boost their software engineering capabilities. Recent acquisitions ...
- Technology sector poised for recovery; Coforge, HCL Tech could give 17-20% return in 1 yearThe technology sector is set for a strong recovery, driven by increased investments and new technologies like Generative AI. Key sectors su...
- About 50% of employers in India looking to skill workers in Gen AI by end of FY25: SurveyA recent survey by Great Learning reveals that half of organizations in India plan to upskill their employees in generative artificial inte...
- AI company Tredence to scale up India operationsArtificial intelligence (AI) company Tredence is also recruiting for innovative roles to meet clients’ growing needs in GenAI while launchi...
- Banking on GenAI: The artificially intelligent future of financeTop Indian banks like SBI, HDFC, and Axis are adopting GenAI for better services. Data shows that the BFSI sector's IT spending was a whopp...
- Wage hikes-demand slowdown combo weighs on TCS first quarter net profitTCS reported a 3.16% net profit drop to ₹12,040 crore in June due to wage hikes and macroeconomic uncertainties. Revenue increased to ₹62,6...
- HCLTech CEO C Vijayakumar sees headwinds affecting Q1 financial services revenueWe have a good mix of programs and rely on broad base growth, says HCLTech CEO Vijayakumar. The firm saw strong growth in its financial ser...
- Ola, SarvamAI announce their large language modelsIn two separate developments on Wednesday, mobility unicorn Ola and AI startup SarvamAI have announced their large language models (LLMs) t...
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