The Reserve Bank Innovation Hub (RBIH) has introduced MuleHunter.AI, an advanced AI tool aimed at combating financial fraud by detecting and flagging mule accounts involved in money laundering. The ...

The global machine learning in banking market revenue was around US$ 1.99 billion in 2021 and is estimated to reach US$ 21.99 billion by 2031, growing at a compound annual growth rate (CAGR) of 32.2% ...

Overview: Data Science is broader and focuses on extracting insights, whereas machine learning is a subset that focuses on predictive algorithms.Data Science sp ...

Key market opportunities in banking IT solutions include AI and machine learning adoption, heightened demand for personalized ...

Biases in AI model training can reinforce inequality, and heighten risks of manipulation and cyber threats, including fraud ...

The financial sector is undergoing a rapid digital transformation, and digital banking software lies at the heart of this shift. From mobile apps to AI-powered advisory tools, these systems provide ...

As global banking institutions accelerate their digital transformation, leaders in artificial intelligence and machine learning are redefining the foundational architecture of financial systems. At ...

The Bank of England is applying a fusion of machine learning (ML) with economic theory to better understand complex phenomena ...