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Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...- As banks tap AI for big tasks, local startups get a promptWhile automation of call centres saw the first wave of AI adoption in the highly regulated sector, more applications are getting powered by...
- AI adoption in Indian financial services still nascent; RBI framework to guide sector: Economic SurveyAccording to the survey, only 21% of Indian banks and financial institutions have either begun implementing or are in the process of buildi...
- Opaque algorithms that can't be questioned are creating insecurity in the gig economyGig economy platforms like Zomato, driven by algorithms, are increasingly shaping worker behavior and earnings through opaque adjustments. ...
- Govern AI before it governs youIndia has unveiled updated guidelines for AI governance that strike a harmony between fostering innovation and ensuring accountability. Com...
- Charting the path for ethical AI in Indian financeThe RBI has established the FREE-AI committee to develop a framework for responsible AI in financial services, addressing challenges like b...
- RBI’s AI reset; ETSA ‘Startup of the Year’ nomineesThe central bank’s new AI framework will send banks back to the drawing board. This and more in today’s ETtech Top 5.
- RBI's FREE-AI framework will require governance structures, capacity buildingExperts believe the RBI's FREE-AI framework necessitates significant investment and cultural shifts for banks. It emphasizes fairness, expl...
- RBI bats for AI policy backed by boards of regulated entitiesAn RBI committee has recommended that financial entities adopt board-approved AI policies, promoting AI innovation for financial inclusion,...
- RBI committee recommends AI framework for finance sectorA Reserve Bank of India panel suggests a plan for Artificial Intelligence in finance. The proposal includes building local AI models and a ...
- RBI panel submits report on framework for AI use to foster innovation and mitigate risks in financial sectorThe Reserve Bank of India has introduced a framework for the responsible and ethical integration of Artificial Intelligence in the financia...
- Financial services players take to agentic AI to automate workflowsHDFC Bank, SBI, and Wells Fargo are exploring agentic AI to automate workflows, enhancing efficiency and personalisation. Unlike traditiona...
- AI regulations still in beta phaseAs India shapes its AI policy, government bodies discuss regulation, ethics, and innovation. Experts stress sectoral frameworks, copyright ...
- RBI announces 'FREE-AI' committee to develop AI frameworkThe Reserve Bank of India has formed an eight-member panel called FREE-AI, led by Pushpak Bhattacharyya of IIT Bombay, to develop a framewo...
- RBI sets up 8-member panel on ethical use of AIThe Reserve Bank has formed an eight-member committee to develop a framework for ethical AI in the financial sector. Headed by IIT Bombay p...
- RBI MPC Meeting Key Takeaways: Central bank leaves repo rate unchanged; a look at key decisionsRBI Monetary Policy Meeting Key Takeaways: The Reserve Bank of India (RBI) maintained its repo rate at 6.5% for the eleventh consecutive me...
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