The Reserve Bank of India (RBI) has issued an urgent directive giving banks and regulated entities until June 30, 2026, to submit a board-approved gap assessment and a time-bound action plan. This mandate is a proactive response to the Read More …
Tag: Operational Risk AI
RBI Asks Banks to Assess AI Risk Gaps
Why 45% of Financial Firms are Turning to GenAI for Risk Management
The financial sector is witnessing a transformative shift as 45% of firms adopt Generative AI (GenAI) and Large Language Models (LLMs) to revolutionize operational and non-financial risk (ONFR) management. According to ORX’s latest report, The Drive Towards Digital ONFR Management, Read More …