May 15, 2024
Banking

AI keyword usage has risen sizeably in banks: Patra – Digital Transformation News

Almost three-fourths of banks and several non-banking financial companies (NBFCs) have developed chatbots and virtual assistants, said Michael Patra, deputy governor, RBI. Delivering a keynote address at the SAARC Finance seminar, he said the usage of artificial intelligence (AI) related keywords in Indian banks has increased sizeably.“A survey conducted by the RBI at June-end 2023

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Crypto

Can cryptocurrency go green in the future? – Digital Transformation News

Why green cryptocurrency? The global cryptocurrency market is projected to grow from $910.3 million in 2021 to $1,902.5 million in 2028 at a CAGR of 11.1% in 2021-2028, as per insights from Fortune Business Insights, a market research platform. Reportedly, Bitcoin currently consumes around 110 Terawatt Hours per year, which is 0.55% of global electricity

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