AS INDIA APPROACHES THE UNION BUDGET 2026: artificial intelligence (AI) has emerged as a defining force in the evolution of the financial sector. According to Mr Prateek Kithania, AI is no longer an experimental technology in finance but a structural shift influencing how institutions manage risk, capital, and long-term strategy. Mr Prateek Kithania notes that the role of AI has expanded well beyond automation. Financial institutions today are deploying advanced AI systems for real-time forecasting, compliance monitoring, fraud detection, and scenario-based financial planning. This shift is transforming finance teams from operational units into strategic decision-making partners.
AI Reshaping Financial Decision-Making
The growing use of predictive analytics and machine learning is enabling financial institutions to move away from static annual planning cycles. Continuous forecasting models now allow businesses and banks to respond dynamically to market volatility. As highlighted by Prateek Kithania, such capabilities are particularly critical in an environment marked by global uncertainty and rapid economic change.
Source: PTI News
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