Central banks worldwide are increasingly focusing on the potential systemic risks created by the rapid adoption of artificial intelligence (AI) across financial markets and institutions. While AI offers significant opportunities to improve efficiency, risk analysis and financial services, its widespread Read More …
Tag: banking innovation
Central Banks Face Emerging Systemic Risks from Artificial Intelligence
Vietnam Central Bank Promotes AI Adoption While Strengthening Risk Management
The State Bank of Vietnam (SBV) is encouraging banks and financial institutions to accelerate the adoption of artificial intelligence (AI) while emphasising the need for stronger risk management frameworks to ensure safe and responsible implementation. The approach reflects the growing Read More …
Indian Bank to Recruit 20 AI Experts to Enhance Cybersecurity and Banking Efficiency
Indian Bank has announced plans to hire 20 artificial intelligence (AI) experts to reinforce cybersecurity measures and improve operational efficiency across its banking network. The initiative aims to address the growing complexity of digital banking threats while leveraging AI for Read More …
SBI chairman stresses banks’ role in India’s growth
State Bank of India Chairman C.S. Setty has underlined the crucial role of the banking sector in supporting India’s economic transformation, emphasising that banks will remain central to infrastructure financing, digital expansion and inclusive development. Speaking at a recent industry Read More …
JP Morgan Highlights AI Risk Management Amid Record Growth
JP Morgan Chase has underscored the growing importance of artificial intelligence (AI) risk management even as it reports strong business performance and record growth. The development reflects how leading financial institutions are balancing rapid technological adoption with robust governance frameworks. Read More …