Intro: Shaping Nepalese Banking Sector With AI
Nepal has the GDP growth rate of around 6% as per the data of world bank in 2019, one of the major contributor of GDP is service sectors. Banking Business is largest service industry of Nepal. Banking sector is considered as the high tech adopting industry in Nepal and has adopted the banking practice of west. At the end of decade 2019, the big thing rose up is the use of Machine Learning and Artificial Intelligence. Nepal is far behind in adopting the changes and Banking industry has not changed the ground working platforms. The recent trend of increasing interest on deposit and creating unhealthy competition in the overall industry which created decline in GDP growth rate and has hit hard to small and medium sector business. Banking sectors should looks forward to add more dimension to the business rather than pulling and pushing each other customers. Banking industry should start from satisfying the customer from personalizing their services and adding more analytics to