In the next five years, generative AI could fundamentally change financial institutions’ risk management by automating, accelerating, and enhancing everything from compliance to climate risk control. Generative AI (gen AI) is poised to become a catalyst for the next wave of productivity gains across Read More …
Tag: Banks
How generative AI can help Banks Manage Risk and Compliance
RBI Guidelines for UPI Frauds in Banks
According to the Ministry of Finance of the Government of India, in FY 2022-23, there were 95,000 cases of UPI fraud, which is an increase from 84,000 noted in FY 2021-22. This data, thus, underlines the importance of protective measures against Read More …
Banking crisis raises concerns about leverage lurking in financial system
As traders rush to identify where the next bout of volatility will come from, some watchdogs think the answer may be buried in the huge pile of hidden leverage that’s been quietly built over the past decade. More than a Read More …