AI in banking risk management has brought both opportunities and challenges. One of the biggest concerns is data privacy, as handling confidential customer information requires strict security measures. Another problem is algorithmic bias, where AI can inadvertently favor certain groups over others. AI has also revolutionized stress testing, making risk assessment more accurate. To learn more about tech innovation, Dashdevs explains how mobile app development is shaping industries like banking. AI is definitely a game changer! However, real-time transaction monitoring using AI has changed the situation. This helps detect suspicious activity, such as money laundering, much faster, ensuring that banks comply with regulations.