Looking at a data-driven financial future for India

Financial Services According to Praxis Global Alliance, in 2022, the BFSI sector in India contributed more than one-third of the total expenditure of US$ 30.5B on analytics by companies, excluding the IT sector. This data-driven approach signifies the BFSI sector’s adaptability to evolving industry trends and positions it as a trailblazer in embracing technological advancements, ultimately paving the way for a more resilient and agile financial ecosystem. The global phenomenon of the decline of Silicon Valley Bank serves as an eye-opener for Indian financial institutions to the critical importance of data-driven insights, effective risk management, and well-informed decision-making.