JPMorgan Chase CEO Jamie Dimon is leading a new cross-industry effort aimed at helping banks and other critical infrastructure companies develop a coordinated approach to managing risks arising from the rapid adoption of artificial intelligence. The initiative is being developed Read More …
Tag: banking technology
Jamie Dimon Leads Cross-Industry Push on AI Risks
Major US Banks Scale AI Across Operations
Leading US banks including Bank of America, Citigroup and JPMorgan Chase are reporting measurable operational changes as artificial intelligence becomes increasingly embedded across banking workflows, from risk and finance to coding, client servicing and fraud management. At Bank of America, Read More …
Goldman Sachs Advances Agentic AI in Banking
Goldman Sachs is moving its use of artificial intelligence beyond conversational assistants toward agentic AI systems capable of performing multi-step tasks across regulated banking workflows. The development marks a shift from AI tools that primarily assist employees to systems that Read More …
SBI to Expand AI Use for Fraud and Risk Management
SBI is accelerating the deployment of artificial intelligence across critical banking operations, with a focus on fraud prevention, proactive risk management, anti-money laundering (AML) and cheque processing. SBI Chairman C. S. Setty said the country’s largest lender is increasingly using Read More …
Absa Bank Modernises Credit Risk Reporting with SAS
Absa Bank has modernised its credit risk management infrastructure using SAS Viya on Amazon Web Services (AWS), significantly reducing reporting time while strengthening model governance and regulatory compliance. The initiative was announced by SAS on 5 August 2026. (PR Newswire) Read More …
Absa Bank Modernises Credit Risk Reporting with SAS
Absa Bank has modernised its credit risk management infrastructure using SAS Viya on Amazon Web Services (AWS), significantly reducing reporting time while strengthening model governance and regulatory compliance. The initiative was announced by SAS on 5 August 2026. (PR Newswire) Read More …
Top 10 Cyber Risk Gaps in Indian Banks: RBI Compliance Checklist 2026
The top 10 cyber risk gaps in Indian banks in 2026 are: weak IT governance frameworks, inadequate third-party vendor risk management, delayed patch and vulnerability management, insufficient cyber incident detection and response, poor employee cyber awareness, incomplete data privacy and Read More …
Credit risk measurement technology trends — Deloitte analysis
According to research from Deloitte, financial institutions are rethinking their credit risk technology platforms to meet evolving regulatory demands, analytical complexity and the pace of innovation. Legacy systems are increasingly seen as cost‑intensive and less capable of supporting advanced risk Read More …
BFSI hiring gains momentum as AI reshapes India’s IT-BPM sector
Hiring activity in India’s Banking, Financial Services and Insurance (BFSI) sector is witnessing strong growth as Artificial Intelligence continues to transform the country’s IT-BPM workforce and digital business landscape. According to recent industry insights, BFSI companies are increasingly recruiting professionals Read More …
Commercial litigation emerges as key corporate risk challenge
Commercial litigation is increasingly becoming a major corporate risk factor as businesses across sectors face rising legal disputes linked to contracts, regulatory compliance, shareholder conflicts, cyber incidents and financial transactions. A recent industry analysis highlighted that companies are now treating Read More …