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RBI Governor underscores need to eliminate biases in algorithms as artificial intelligence and machine learning

RBI Governor underscores need to eliminate biases in algorithms as artificial intelligence and machine learning

by AIP Online Bureau | Jun 28, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

Shaktikanta Das,Governor, Reserve Bank of India RBI Governor Shaktikanta Das highlighted efforts by the RBI to harness digital footprints and computing power to analyze expectations, sentiment indicators, and policy credibility from alternative data sources. The...

AI set to revolutionize global banking, boosting profits by USD 170 bn by 2028: CITI report

by AIP Online Bureau | Jun 23, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

One of the most compelling aspects highlighted in the report is AI’s role in combating financial fraud. AI-generated insights hold the key to preventing real-time payment scams, such as the pervasive Authorized Push Payment (APP) fraud Artificial intelligence...
Health sector most at risk from AI-related threats, Swiss Re

Health sector most at risk from AI-related threats, Swiss Re

by AIP Online Bureau | May 23, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management, Technology

Christoph Nabholz, Chief Research & Sustainability Officer at Swiss Re,said: “While IT services are currently the most affected by AI risks as a pioneer in this area, this is set to change as the use of technology becomes more widespread across all...
AI-intensive sectors are showing a productivity surge, PwC

AI-intensive sectors are showing a productivity surge, PwC

by AIP Online Bureau | May 22, 2024 | Data, Eco/Invest/Demography, Technology, Workplace/Employee Benefits

The data suggested that the rise of artificial intelligence could help countries to break out of a rut of low productivity growth which would boost economic growth, wages and living standards, PwC said in a report published on Tuesday The types of business which are...

Financial Intelligence Unit arms itself with AI, ML tools to check money laundering

by AIP Online Bureau | May 5, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

“Various measures are put in place to ensure security of data, including strong, end-to-end encryption, automatic blocking of logins after a set number of unsuccessful login attempts, controlled access to content stored on the portal, logging of security...
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