Wednesday, 18 December, 2024
Scam tainted PNB turns to AI to check loan frauds
<p>Punjab National Bank has invited bids from interested parties for an AI-based early warning system to keep a close watch on borrowers' activities. The solution will crawl the web - news articles and social media interactions -- to alert the bank which has already burnt its fingers in the Nirav Modi scam. The capabilities sought by PNB, having bad loans of over ₹1 tril are AI, web crawling, and optical character recognition for triggering the early warning signal.<br />
</p>
Read full story at Live Mint
Tags: