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In India’s evolving financial landscape, Share.Market, a PhonePe initiative, is transforming retail trading by introducing Sheets, a feature designed to empower traders with actionable market insights. This innovation allows users to analyze vast financial data swiftly, enabling informed decision-making and leveling the playing field for all investors. As the number of demat accounts skyrockets, Share.Market is at the forefront of this retail investment revolution.
PhonePe is adopting a cautious approach to integrating generative AI, focusing on experimentation rather than full-scale implementation, according to CTO Rahul Chari. The company is exploring AI in non-core areas, such as simplifying internal processes, assisting in software testing, and automating marketing campaigns. Concerns over data protection and regulatory compliance are driving this careful strategy.
PhonePe has appointed Manish Sabharwal, founder of TeamLease, as an independent director, succeeding Binny Bansal of Flipkart. Sabharwal will chair the audit committee and focus on enhancing the company's financial reporting integrity and risk management practices as PhonePe prepares for an IPO in the coming years. The fintech firm, which holds nearly 50% of the UPI market share, aims to strengthen its internal controls under his guidance.
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