Why machine learning and data science are important for transforming the digital lending sector - Express Computer

The Covid-19 pandemic has been a black swan event that upturned our ideas of normalcy and wreaked havoc across the globe. But a silver lining to the pandemic is the positive disruptions it created in the marketplace, which in many ways has catapulted businesses and masses into adopting digital technologies, which will drive the next phase of transformation in the digital era. The crisis has thus encouraged companies to ramp up their tech capabilities and move towards cloud-based and data-driven solutions. This tech-oriented transformation also happens to be in tandem with the government's'Digital India' vision. The financial and banking services industry seems to be at the forefront of this change, as tech-enabled services disrupt the BFSI sector's traditional approach.