Indian Finance Minister: Urge banks to use Web3 technology to detect fraud and generate early warning signals

[Indian Finance Minister: Urge banks to use Web3 technology to detect fraud and generate early warning signals] Gold financial report, Indian Finance Minister Nirmala Sitharaman, at the 75th Annual Conference of Indian Banking Association held in Mumbai, banks used Web3 and AI technology to detect fraud and generate early warning signals. Nirmala Sitharaman also asked the bank to formulate a plan for the next 25 years, using digital and modern technology to make India a developed country by 2047. She said: "You need to formulate strategies to meet the aspirations of Indian youth in the next 25 years. The bank should have an innovative portfolio to be attractive to young people and make them accessible." (menafn)