August 27, 2025Aug 27 Experts believe the RBI's FREE-AI framework necessitates significant investment and cultural shifts for banks. It emphasizes fairness, explainability, and robustness in AI systems, transforming responsible AI into a compliance requirement. While upfront costs may challenge some, long-term benefits like improved decision-making and customer trust are anticipated, with data quality and bias removal being critical hurdles. View the full article
Create an account or sign in to comment