When customers are accustomed to receiving food deliveries in 15 minutes and experiencing ultra-rapid 5G internet speeds, waiting a whole day for a transaction to complete becomes bothersome.Traditional banking, the industry standard for hundreds of years, has drifted behind by today’s tech-savvy users.

Unexpected episodes of modernizations came in the show when handbooks, notebooks, and classrooms shifted online, especially post COVID-19 pandemic. Further, the nomenclature; EdTech, a modern instance in the educational sector growing from 2013, brought enthusiasm into students for learning digitally. Enriching access to tech-based infrastructure, electricity, and affordable internet it proved its ground to be

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In recent years, problem-solving techniques have undergone a fundamental transformation due to the increasing adoption of large language models (LLMs). Earlier, to solve any tasks with computers, programs had to be created. These programs were composed of carefully constructed commands written in different programming languages. But since LLMs were developed, completing these kinds of tasks has just required textual prompts.

The banking sector is increasingly using AI and predictive analytics to enhance customer service, reduce costs, and improve decision-making. Applications include credit scoring, fraud detection, collections, and cross-selling to boost revenue.