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Wealthtech sector takes to AI models to rewire business

Economic TimesEconomic Times · 1m
Wealthtech sector takes to AI models to rewire business

Wealthtech startups in India are leveraging advanced AI models, such as ChatGPT, to enhance their services. Centricity, backed by Lightspeed India Partners, is incorporating generative AI to improve processes like recommendations and content dissemination. However, industry insiders believe that AI adoption is still in the early stages due to a lack of data on conversations between relationship managers and investors. Other companies like IndMoney and Stable Money are also using AI to streamline interactions with customers, while mStock is focusing on bringing standardization and timeliness to its responses. Data security and client confidentiality remain important considerations for AI adoption in financial services.

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