Thursday, 4 January, 2024

RBI Develops Checklist for AI Integration in Banking Technology

The Reserve Bank of India (RBI) developed a checklist for the incorporation of Artificial Intelligence (AI) technology in banking operations. The key considerations outlined by the RBI, emphasize the importance of a systematic approach to AI adoption in the banking sector. This initiative reflects regulatory efforts to ensure the responsible and secure integration of AI technologies, promoting innovation while addressing potential risks.