Digital transformation in finance has helped reorganize and reshape the finance and accounting function using technology. This transformation has enabled integration and digitalization of firm finances on a real-time basis, allowing companies to automate finance-related tasks and integrate multiple software and tools. Digital lending has made it easier for millions of Indians to access formal and affordable credit, contributing to financial inclusion and empowerment. Banks and financial institutions have adopted digital platforms as their preferred business models, leveraging cloud services to store data and applications and access advanced software applications.
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