Muraleedhar Pai on LinkedIn: State of Data FSI Report 2024 (2024)

Technology especially GenAI has the potential to remove the great knowledge divide amongst North and South. Like mobile tech earlier, they may also aid hyper development.

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With recent news of another premier private bank in India being stopped from issuing credit cards due to regulatory issues, it's clear that there are important lessons to be learned. This comes just months after the most valued bank in India faced similar issues. Not to say the operational challenges which have eroded value of the biggest digital payment platform in the world.Firstly, the extent of investments needed in "Run the Bank" in India seem to be lower than expected. Secondly, the complexity of managing scale is not being appreciated at the strategic leaderships of Indian Banks. Lastly, the choice of treating technology only at an operational tool is no longer an option for the scale of Indian Banks. These are important factors to consider for the banking industry in India and beyond. What other insights can we gain from these recent events? Share your thoughts in the comments below. #bankingindustry #regulations #technology #strategy

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Inadequate training data is a significant challenge for deep learning techniques, particularly in applications where data is difficult to get, and publicly available datasets are uncommon owing to ethical and privacy concerns. GAN (generative adversarial network) provides ways to create synthetic data without inducing biases inherent in this approach. For serious data science folks this may give some ideas. #GAN #syntheticdata #testdat #modeltraining #datascience #frauddtection

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With the rise of FinTech's globally, responsibility is becoming increasingly important. David Greenberg's article on RegTech requirements for FinTech helps to establish baseline regulations for this growing industry. The recent cases of central bank's action against PayTM and other NBFCs is pointing only to the much needed investments in RegTech. It is of critical strategic importance to FinTechs and no more a choice of convenience.#RegTech #FinTech #AML #GDPR #CCPA #CFPB #SEC #FHFA #RBI #CFT #FCA Read more from David Greenberg at https://lnkd.in/ec4iCx6H

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A third, that's a bit too much. While everyone is happy that banking has become ubiquitous, frauds too are not too far behind (may be they are ahead). Online fraud will need serious thinking from bank CIOs and CROs. Some interesting observations and learnings. #cybercrime #fraud #data-breach #AI #Cloud

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One of the biggest challenges faced by those in the digital assets business is the prevalence of plagiarism and misinformation. Fortunately, there is hope on the horizon. An article suggests that using high-tech solutions may be the key to fighting cyber crimes. Check out this interesting read for a possible solution in the right direction. #blockchain #distributed-ledger #digital-assets #genai

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