About the Event
Non-Banking Financial Companies (NBFCs) have played a pivotal role in India’s economic growth, maintaining a 21-24% credit share since FY17. In FY24, they saw a 20.8% YoY deposit growth, outpacing banks. As NBFCs enter FY25, they are rapidly transitioning from legacy systems to AI-driven, cloud-based, and data-powered solutions.
AI and ML are reducing loan processing time by 30-40%, while RPA enhances operational efficiency by 50-60%. Cloud adoption has led to 60-70% cost savings, and blockchain-based smart contracts are improving security and transparency. These technologies are driving faster credit risk assessment, fraud detection, and regulatory compliance. To stay competitive, NBFCs must embrace next-gen technologies to enhance efficiency, security, and customer experience. This session will explore how AI, automation, and fintech innovations are transforming NBFCs, ensuring scalability, compliance, and long-term growth in an evolving financial landscape.
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