Vishal Dhupar, Managing Director of Nvidia
Emphasising the rapid evolution of Generative AI into Agentic AI models that are now autonomously addressing complex challenges in the financial sector, Vishal Dhupar, Managing Director of US-based Nvidia, remarked on Tuesday that Mumbai is poised to be recognised not just as the financial capital, but as the ‘financial capital with intelligence’.
Generative AI has moved on to agentic models which can solve many problems autonomously. For instance, a lady in a small town in Maharashtra wants to procure a product. She doesn’t know how to fill up forms, but she knows the image and uploads it. Agentic AI takes over; understands the UPI transaction she is making; her GST filing; her tone and intent; does the market research and comes back and says here is a product and I can offer as a bank against EMIs. It also speaks to the person in Marathi explaining what it is really. She accepts the product. That is truly, the power of generative AI, agentic AI workflows and that is where the universe is going and making a colossal difference — not only to new start ups, but to established banks,” Dhupar said while participating in a fire-side chat on the first day of the Global Fintech Fest 2025 (GFF) here.
“Mobiles brought banks to your pocket, Generative AI is bringing advisors with it,” he said, adding that AI is providing a combination of wealth, bank and insurance advisors that are looking to provide help in “your own language.” Pointing out that Agentic AI has been helping stall “frauds” and “rings of fraudsters” operating in the finance space, Dhupar said that with help of a single command, Agentic AI is able to understand the transactions taking place, verify external sites, identify the origins of the “menace” and stop the transaction beforehand. “It is preventive,” he said.
Talking about how AI will help the finance world in India, Dhupar said, “In 2028, India is going to be talking about population scale applications….I also believe that in 2028, we will be calling Mumbai, the financial capital with intelligence rather than just the finance capital.”
The Nvidia official said AI in future will be like electricity where it will be “both invisible and visible.”
“In the back end it is going to be invisible. All risks, compliances, credit worthiness will embed generative AI and many of them will be working autonomously and giving feedback. On the foreground, it will be visible to each one of us. It is going to be an advisor on different topics including finance. It will help their growth, Dhupar added.
Published on October 7, 2025