AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey

Mint - Nov 10, 2026

Artificial intelligence could eliminate 60-70 per cent of manual operational tasks in banks' risk functions, allowing lenders to redirect resources towards deeper risk analysis, strategic decision-making and AI development, according to a report by McKinsey.

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Two mainland Chinese chip suppliers made sharply divergent trading debuts in Hong Kong on Tuesday after raising a combined HK$2.2 billion (US$280 million), underscoring investors’ selective appetite for semiconductor stocks despite a pickup in new listings. Suzhou Denglin Technology, the week’s largest listing, fell by as much as 8.6 per cent in morning trade after raising HK$1.4 billion in its initial public offering (IPO). The graphics processing unit maker priced its shares at HK$231 – the...

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Trump says FBI investigating Nvidia boss's affair with alleged Chinese spy

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