Challenges and alternatives of adopting AI for monetary safety in India’s rising digital financial system – Firstpost

Challenges and alternatives of adopting AI for monetary safety in India’s rising digital financial system – Firstpost

The promise of synthetic intelligence (AI) to revolutionize finance is especially compelling in India, a nation striving for higher monetary inclusion and safety. AI provides highly effective instruments to increase monetary providers to underserved populations and fight more and more refined fraud.   Nevertheless, realizing this potential requires cautious consideration of great challenges, together with regulatory…

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What’s Mulehunter.Ai, the AI instrument RBI is selling to detect and flag accounts used for monetary fraud, ETCFO

What’s Mulehunter.Ai, the AI instrument RBI is selling to detect and flag accounts used for monetary fraud, ETCFO

RBI’s innovation arm, The Reserve Financial institution Innovation Hub (RBIH), is taking proactive steps to fight monetary fraud by selling the adoption of its AI-powered instrument, “Mulehunter.Ai”, and is in talks with different banks to additional the adoption of the instrument, a prime official has stated. In line with a report by The Financial Instances,…

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