Summary – The Supreme Court of India mandates banks to implement AI systems for detecting suspicious transactions, marking a significant step in financial security., Article – The Supreme Court of India has taken a landmark step by mandating banks to deploy artificial intelligence (AI) systems aimed at enhancing the detection […]

Summary – The Supreme Court’s directive to banks to implement AI-driven transaction monitoring aims to strengthen financial security and curb fraud across India., Article – The Supreme Court of India has recently mandated banks to adopt artificial intelligence (AI)-based mechanisms for monitoring and flagging suspicious financial transactions. This directive seeks […]

Summary – The Supreme Court mandates Indian banks to implement AI-driven systems to detect suspicious transactions, aiming to enhance financial security and protect consumers., Article – The Supreme Court of India has issued a directive requiring banks nationwide to implement AI-based systems to monitor and detect suspicious transactions. This move […]

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