The Gaps In RBI’s “Build It All, But Responsibly” Vision For AI In Fintech

Like the computer revolution, which brought sweeping changes to the Indian banking industry, AI threatens to rewrite the rules of banking and finance. But the risk in AI-led transformation of fintech and banking is much greater than any tech adoption in the past.  

Artificial intelligence (AI) is on everyone’s minds across sectors these days, but the Reserve Bank of India’s (RBI) report on Framework for Responsible and Ethical Enablement of AI (FREE-AI) has turned the spotlight on AI in India’s fintech and banking ecosystem 

In its…