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

New Delhi [India], November 10 (ANI): 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.The report said banks could use AI to automate routine activities such as data gathering, documentation, compliance checks and monitoring, while retaining…