International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 1 (January-February 2025) Submit your research before last 3 days of February to publish your research paper in the issue of January-February.

NBFCs in the Age of AI:A Look Ahead

Author(s) Shalini Anguria, Dr. Geetika T Kapoor
Country India
Abstract In rapidly evolving financial services sector, Non-Banking Financial Companies (NBFCs) are undergoing significant transformation due to initiation of digital and AI-driven tools. Technologies like Loan Origination Systems (LOS) and Loan Management Systems (LMS) are leading this change, providing NBFCs with exceptional efficiency and enhanced customer service, thereby redefining their role in the global market. The immense benefits of AI have led every major country to invest heavily in AI research and development. In the previous five years, AI adoption has dramatically increased due to the widespread integration of digital technologies and remarkable improvement in algorithms. This study tries to deep dive into the latest AI applications and advancements in NBFCs, using real-time examples sourced from literature reviews, articles, reports, websites, and newspapers. It explores various AI-integrated applications in NBCs including Virtual Assistants, Chatbots, automated financial reporting and regulatory compliance, AI for combating money laundering, analytics, robotic process automation, facial recognition and biometrics, document digitization, AI-based loan processing, and humanoid robots.
Keywords NBFCs, Artificial Intelligence, Robotics, Machine Learning, Chatbots
Field Business Administration
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-02-20
Cite This NBFCs in the Age of AI:A Look Ahead - Shalini Anguria, Dr. Geetika T Kapoor - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.37208
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.37208
Short DOI https://doi.org/g85st7

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