Tuesday, 27 October, 2026
AI vs. Financial Crime: Promises Cut Short by High Costs and Risk
By TechShots Studio
Agentic AI can reduce Know-Your-Customer (KYC) processing times by 30% to 70%, significantly boosting banks' financial-crime prevention efforts. However, a new McKinsey report reveals that wider adoption remains constrained by governance hurdles, accuracy risks, and high human oversight costs, leaving many institutions struggling to scale the technology beyond initial pilot projects.
Read full story at LIVEMINT