AI in BFSI: Trust, Transformation, and the Human Element

• The Tata AI Conclave, powered by CNBC-TV18, explored AI's role in the BFSI sector, emphasizing trust.
• Leaders like Rajiv Sabharwal (Tata Capital) and Sandeep Ghosh (Visa) discussed AI's impact on lending, payments, and efficiency.
• AI accelerates lending decisions for smaller loans, with confidence building for broader applications.
• Visa has used AI for 30+ years, now processing 500 data elements in seconds and reducing coding time by 25-30%.
• AI is crucial for surveillance and regulatory compliance in stock exchanges, but human oversight remains vital for accountability and trust.