Tag: AI fraud detection
BANKING & FINANCE RBI Puts Banks On AI Alert, Lists Out Five Key Priorities For Smooth Sailing

The Reserve Bank of India (RBI) has asked banks to make AI governance an immediate priority, calling for complete inventories of AI systems, board-approved governance frameworks, explainable AI decisions, regular stress testing and meaningful human oversight as the technology becomes increasingly embedded in banking. RBI Governor Sanjay Malhotra said banks should treat these measures as […]

CW Bureau · Aug 11, 2026
BANKING & FINANCE RBI For Kill Switch, AI-Powered Fraud Detection To Fortify Digital Payments

The Reserve Bank of India (RBI) is exploring the introduction of new safeguards in digital payment systems, including a universal ‘kill switch’ and additional transaction frictions, as part of a broader strategy to combat rising digital payment frauds and enhance customer protection. According to the Reserve Bank of India Annual Report FY26, the central bank […]

CW Bureau · May 30, 2026