Banks to use AI Machine learning to safeguard customers from financial frauds: Department of Financial Services

New Delhi [India], December 7 (ANI): 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.

The decision was taken during a high-level meeting chaired by the Secretary of DFS with representatives fro