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ITNewspapersThe Economic Times

Banks to use AI & machine learning to safeguard customers from financial frauds

Mathew C S
By Mathew C SDecember 9, 2024

In a significant move to address the growing menace of digital financial frauds, the Department of Financial Services (DFS) has directed banks to adopt advanced technologies, including artificial intelligence (AI) and machine learning (ML), to safeguard customers from fraudsters.

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