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MACHINE LEARNING IN BANKING
With AI handing down verdicts, India's lenders ask who signs off on it: ReportFinancial data moves rapidly through India's Account Aggregator ecosystem. Automated systems now process millions of data fetches each seco...- GFF 2026: Digital finance has scaled, now trust and resilience must catch up, says RBI’s Deputy Governor MurmuIndia's digital finance sector now prioritizes trust and resilience over access. Technology transforms finance, but trust remains the essen...
- Mastercard’s AI Garage is building products for the world in India: Nitendra RajputMastercard's AI Garage in India builds global payment network products. It uses machine learning and data science to secure payment network...
- Canada launches free AI courses for students, educators, workers and jobseekers: Check date, who is eligible, what they will learn and how to access themCanada is launching a National AI Literacy Initiative to educate its citizens which offers free online courses covering AI basics and respo...
- GFF 2026: SBI sees FCNR liquidity deployment taking 3-4 months, eyes agentic AI for bankingState Bank of India anticipates deploying foreign currency deposits over three months. The bank is enhancing artificial intelligence adopti...
- GFF 2026: After KYC, SBI chief flags ‘Know Your Agent’ as AI enters bankingAgentic AI's growing use in finance necessitates new checks beyond customer identification. Banks may develop a 'Know Your Agent' framework...
- ‘99% accuracy is not enough’: SBI chairman lays out three rules for trusted AIFinancial institutions must build trust into agentic AI systems from the outset. These systems require 100% accuracy and consistent perform...
- GFF 2026: 'Facing 100 cyberattacks everyday', says Neelkanth Mishra as UIDAI steps up AI and Quantum safeguardsUIDAI faces hundreds of daily hacker attacks and uses AI for safeguarding its systems. Machine learning detects identity manipulation and b...
- Your bank account could one day become an AI agent: Perfios Group CEO Nitin ChughBank accounts may soon act as AI agents, understanding finances and offering recommendations. These agents could coordinate, make decisions...
- India's leading high frequency trading firm turns to bonds for capitalAlphaGrep has raised two billion rupees through bond issuance. This move comes after new Reserve Bank of India regulations. Banks now face ...
- True Balance scores 100% of loan applications with AI, looks beyond credit bureaus to curb defaultsTrue Balance now uses AI for loan applications, retaining human review for some cases. This approach helps assess borrowers with limited cr...
- Blue Machines AI unveils speech-to-text model built for India's BFSI sectorBlue Machines AI has launched Aurora, a new speech-to-text model for Indian financial services. This model is designed for real-time multil...
- NFRA forms audit quality, assurance and technology advisory committeeIndia's National Financial Reporting Authority has set up a fresh advisory committee that will delve into critical areas such as audit qual...
- $4.4 trillion black money: Everyone in the world can get a laptopGlobal illicit money flows reached $4.4 trillion in 2025, growing faster than the world economy. Organized crime and corruption alone accou...
- Liquidity management, asset quality among pillars for NBFC growth: RBI DGRBI deputy governor Murmu highlighted five key areas for NBFCs and HFCs. These companies must focus on governance and liquidity management ...
- NBFCs must use AI, strengthen underwriting as credit growth accelerates: RBI Deputy Governor MurmuReserve Bank of India Deputy Governor S C Murmu urged NBFCs to use AI and machine learning tools. He emphasized stronger risk management an...
- Fear the reckless humans, not the rogue AIAI isn’t plotting a coup; humans are simply giving algorithms too much power with too little governance.
- Humans vs Robots: The jobs world may not be full of 'Frankenstein' fearsAI is reshaping jobs in India more through task automation and role redesign than outright workforce replacement. Companies such as Wipro a...
- CXOs sharpen AI edge to stay in controlSenior execs are increasingly enrolling in artificial intelligence programs. Demand from experienced professionals is outpacing that from f...
- Banks, FIU-IND work on sharper framework to flag money mule accountsBanks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by th...
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