India, March 13 -- With the advent of transactional bots, chatbots, Artificial Intelligence Decision Algorithm (AIDA), Automated Claims Processes, Optical Character Recognition (OCR), Churn Prediction, Algorithmic Trading, Augmented research tools, Valuation Models, and other AI-based technologies, the global fintech market has simplified all their operation, assessment, and customer management procedures.

Consequently, the world's leading financial behemoth, JP Morgan, could save 360,000 hours (yearly) from its employees' load. Also, being the early adopter of technologies, the Indian financial market is not far behind in availing AI and ML. According to the joint research of the National Business Research Institute and Narrative Scienc...