Cisco

US Regulators Highlight AI’s Growing Role in Banking for Fraud Detection and Underwriting A U.S. House Financial Services subcommittee convened on March 26, 2026, to examine the integration of artificial intelligence within the financial sector. Testimonies from federal regulators, including the Federal Reserve and FDIC, revealed that banks are increasingly utilizing AI and machine learning for a variety of functions. These applications range from improving operational efficiency to enhancing fraud detection and anti-money laundering processes. Notably, AI is being used with cash flow data to assist in credit underwriting for individuals who might not have access to credit through traditional methods. The National Credit Union Administration has also launched an AI Resources page on its website to support credit unions in adopting these new technologies. ...

India Hosts Inaugural Global AI Impact Summit in New Delhi The India AI Impact Summit 2026 has commenced in New Delhi, marking the first global AI summit to be hosted in the Global South. The five-day event, held at Bharat Mandapam, brings together global leaders, policymakers, technology companies, and researchers to discuss the future of artificial intelligence with a focus on inclusion and responsible development. Prime Minister Narendra Modi inaugurated the expo, which features 600 startups and 13 country pavilions, underscoring India’s ambition to become a global AI hub. The summit is anchored on three foundational pillars: ‘People, Planet and Progress’. The event aims to foster international collaboration and shape a future where AI serves humanity, drives inclusive growth, and promotes sustainable development. ...