Financial regulators are racing to adopt artificial intelligence (AI) to keep pace with rapidly evolving cyber threats, with watchdogs increasingly developing their own AI-powered supervisory tools to strengthen oversight of banks and digital assets, Reuters reported.

ZURICH, June 26 : Banks and financial sector watchdogs must move quickly to adopt new technology to plug system vulnerabilities as AI supercharges cybersecurity risks, a top Swiss…

Swiss financial regulator Marlene Amstad urges banks and watchdogs to rapidly adopt new technology to counter escalating cybersecurity threats amplified by AI. She highlighted the…