AI in banking News

Why Reverse Mortgages Face Legal Hurdles in India: Insights from HDFC Bank's CEO

HDFC Bank's CEO discusses the challenges of reverse mortgages in India, highlighting legal and operational issues. The bank is also advancing in technology and AI, aiming for opera...

NPCI and Banks Collaborate on AI-Driven Initiative to Combat UPI Fraud in India

The National Payments Corporation of India (NPCI) and banks are testing a 'federated model' using AI to combat UPI fraud, following a record 18.3 billion transactions in March. Lea...

NPCI Innovates with Federated AI Model to Combat UPI Fraud in India

NPCI is testing a 'federated model' with banks to reduce UPI fraud using AI and ML, aiming to combine transaction and demographic data for better fraud detection. The initiative re...