Friday, 24 March, 2023

RBI to use supervision tech to keep pace with entities

<p>The RBI will start using supervisory technology and RegTech &mdash; a fintech subset that uses tech to scale up supervision &mdash; to match the pace with entities it regulates. The central bank will soon come out with broad guidelines for the use and adoption of new tools. Bodies regulated by the RBI use new tech tools like AI, ML, big data analysis for KYC and asset-liability management purposes, regulatory reporting and management information system, etc.</p> <p>&nbsp;</p>