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Sunday, August 13, 2023

RBI selects McKinsey, Accenture to use AI, ML to improve regulatory supervision

RBI has hired consultants McKinsey and Accenture to develop artificial intelligence (AI) and machine learning (ML) systems for its supervisory functions. The institution wants to improve regulatory oversight of banks and non-bank financial companies by analysing data in its database using advanced analytics, AI and ML.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/v3PGZX7

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Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...