South Korea’s Exports Keep Rising, Supporting the Central Bank’s Aggressive Policy
In May, South Korea’s exports maintained a remarkable upward trend, reinforcing the central bank’s increasingly aggressive stance…
Banks possess AI technology, but their greater challenge lies in effectively utilizing it.
Banks can leverage AI to reduce expenses, enhance decision-making, and increase efficiency. However, experts emphasize that preparedness,…
RBI Forms Specialist Group to Safeguard Indian Banks and Payment Systems Against Potential Quantum Hacking Risks
The Reserve Bank of India (RBI) has formed an expert committee to investigate the potential advantages, risks, and challenges of establishing…
World Bank’s Ajay Banga advocates for ‘Small AI’ in agriculture, highlights Indian farmers’ technology use at Singapore summit.
World Bank President Ajay Banga has urged the implementation of “Small AI” — locally utilized artificial intelligence operating on low-cost…
RBI Suggests Enhanced Basel III Reporting Standards for Banks to Improve Transparency
On Tuesday, the Reserve Bank proposed an updated disclosure framework for banks in accordance with Basel III standards, mandating that lenders…
DFS Secretary Nagaraju urges banks to be ready for Anthropic’s potential public offering of Mythos.
DFS Secretary M Nagaraju has called on banks to integrate risk management into their foundational culture and prepare for the emerging cyber…
J&K Bank’s Q4 Net Profit Climbs 37%, Fueled by Consistent NII and Reduced Asset Strain
On Tuesday (May 5), Jammu & Kashmir Bank Ltd announced a 36.5% year-on-year increase in net profit for the fourth quarter, reaching ₹798…
Public Sector Banks Aim to Increase IT Investments Due to Cyber Threat from Anthropic Mythos.
Public sector banks are preparing to enhance their IT budgets to strengthen their systems, protect customer information, and secure financial…
Understanding Mythos AI: Why It Concerns Banks and Regulators
Mythos, an artificial intelligence (AI) system crafted by Anthropic, is garnering attention from governments, financial institutions,…
FM states banks are ready for technological risks and urges enhancements in light of Mythos challenge.
On Friday (April 24), Union Finance Minister Nirmala Sitharaman emphasized the importance for banks to continuously enhance their systems,…