Reserve Bank of India (RBI) Deputy Governor Rohit Jain has outlined a 10-point framework for managing technology and cyber risks, urging banks to strengthen governance as artificial intelligence becomes increasingly embedded in financial services. Speaking at the State Bank of Read More …
Tag: banking technology
RBI Says Govern AI Before Scaling It
RBI Sets 10 Technology and Cyber Risk Requirements
The Reserve Bank of India has outlined 10 key requirements covering technology and cyber-risk management for regulated entities, emphasising stronger governance, controls and resilience as financial institutions become increasingly dependent on digital infrastructure. The requirements focus on ensuring that technology Read More …
Deutsche Bank Modernises Core Banking
Deutsche Bank’s Private Bank has selected Vault Core, a cloud-native core banking platform developed by Thought Machine, as part of a major technology transformation programme. The initiative aims to simplify the bank’s fragmented technology infrastructure and strengthen its operational resilience. Read More …
Data Becomes a Strategic Competitive Advantage
The banking industry is entering a new phase where data is emerging as one of the most valuable strategic assets. As artificial intelligence (AI) adoption expands across financial services, banks that can effectively collect, manage and analyse data will gain Read More …
Banking Industry in AI Era: Data Becomes a Strategic Competitive Advantage
The banking industry is entering a new phase of digital transformation where data is becoming one of the most important competitive assets. As banks increasingly adopt artificial intelligence (AI), the ability to collect, manage, analyse and use data effectively is Read More …
Absa Bank Modernises Credit Risk Management with Advanced Analytics
Absa Bank has strengthened its credit risk management capabilities through the adoption of advanced analytics and technology solutions aimed at improving risk assessment, decision-making and portfolio management. The initiative reflects the broader transformation taking place in banking, where financial institutions Read More …
Jamie Dimon Leads Cross-Industry Push on AI Risks
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 …
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 …