Deploy AI, Web3 for fraud detection, early warning signals: FM Sitharaman to Banks
Shortpedia
Content Team
Image Credit: inc42
Finance Minister Nirmala Sitharaman has called on the banks to deploy new technologies such as artificial intelligence (AI) and Web3.0 for fraud detection and building early warning systems. “Use of Web3, data analysis, Artificial Intelligence, deep dive into data - all of these should have some coordination by the IBA (Indian Banks’ Association).
