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AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey

AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey

by AIP Online Bureau | Nov 10, 2026 | Banking & Bancassurance, Data, Eco/Invest/Demography, Risk Management, Technology

McKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk advisory and faster portfolio decisions. The remaining capacity could be directed towards specialised AI engineering, data...
AI backlash spreads across Europe with data center protests

AI backlash spreads across Europe with data center protests

by AIP Online Bureau | Nov 10, 2026 | Eco/Invest/Demography, International News, Technology

The global data center buildout has accelerated as technology companies spend hundreds of billions of dollars on infrastructure to run and train artificial intelligence. The speed of the expansion has alarmed communities concerned about demand for land and...
Companies need to overhaul cybersecurity as AI accelerates vulnerability attacks: Report

Companies need to overhaul cybersecurity as AI accelerates vulnerability attacks: Report

by AIP Online Bureau | Nov 7, 2026 | Data, Eco/Invest/Demography, Technology

McKinsey said organisations would need to simultaneously strengthen four areas — cybersecurity practices, operating models, risk and control frameworks, and technology — rather than relying solely on hiring additional security personnel or increasing...
AI-based cyber threat executing unauthorised fund transfers from banking firms: Cert-In

AI-based cyber threat executing unauthorised fund transfers from banking firms: Cert-In

by AIP Online Bureau | Nov 4, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Cert-In said that continued analysis of incidents reported by affected entities, including non-banking financial companies (NBFCs), digital lending platforms, fintech entities, payment aggregators, payment service providers and cryptocurrency exchanges or virtual...
SBI vows to strengthen cybersecurity after data breach

SBI vows to strengthen cybersecurity after data breach

by AIP Online Bureau | Nov 3, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

C S Setty,Chairman.SBI SBI is also working with the banking industry to establish a common sandbox, or controlled testing environment, to evaluate artificial intelligence models and identify potential cybersecurity threats. Mumbai: State Bank of India (SBI), the...
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