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AI News from ET - AI without safeguards can amplify existing weaknesses in financial sector: RBI DG

Vishwadeep Khatri
in AI News & Two Lenses

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In a recent conference, Reserve Bank Deputy Governor Swaminathan J raised a red flag regarding the integration of AI in finance. He emphasized that, if left unchecked, AI could not only amplify existing challenges but also introduce unforeseen complications. On one hand, AI can transform customer interactions and enhance access to credit; on the other hand, it harbors potential pitfalls.

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