Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Fitch Ratings has cautioned that the rising use of artificial intelligence (AI) in credit risk management could potentially disrupt employment and reduce tax revenues in developed economies. AI-driven automation in banking and financial services is increasingly replacing traditional credit assessment Read More …
A Hybrid Capability-Building Programme for Banks, NBFCs & Regulated Financial Institutions Self-Paced Online Courses + Live Faculty-Led Immersion + Dual Certification under BFSI Sector Skill Council of India & RMAI Executive Summary Artificial intelligence is moving from experimentation to expectation Read More …
A report prepared by KPMG reportedly contained AI-generated inaccuracies, or “hallucinations,” related to the use of artificial intelligence at UBS, raising concerns about the reliability of AI-assisted content creation in professional services. The incident has drawn attention to the challenges Read More …
Credit risk management is undergoing significant transformation as financial institutions respond to evolving economic conditions, regulatory expectations, and technological advancements. Industry experts identify artificial intelligence, advanced analytics, climate risk assessment, real-time monitoring, and enhanced governance frameworks as key trends shaping Read More …
France’s financial markets regulator, the Autorité des Marchés Financiers (AMF), has identified AI-driven cyber risk as a growing concern for retail investment firms and financial institutions. The regulator warned that advances in artificial intelligence are enabling more sophisticated cyberattacks, fraud Read More …
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 …
Banks and financial institutions increasingly rely on AI solutions from third-party vendors and FinTech partners. These collaborations enhance innovation and operational efficiency but also introduce operational, compliance, and reputational risks. Mismanaged AI systems can lead to failures, regulatory breaches, and Read More …
Financial institutions are increasingly re-evaluating the economics of model risk management as Artificial Intelligence, machine learning and advanced analytics become more deeply integrated into banking, insurance and financial services operations. Industry experts note that financial organisations now rely on a Read More …
The Consumer Bankers Association has released recommendations aimed at strengthening third-party risk management practices as financial institutions face increasing reliance on external vendors, technology providers and outsourcing partners. The recommendations emphasise the need for a more risk-based and proportionate approach Read More …
As Artificial Intelligence becomes increasingly embedded in lending operations, industry experts are emphasising that human oversight remains essential to ensure fairness, accountability and responsible credit decision-making. The growing use of AI in banking and financial services has transformed processes such Read More …