/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In the coming months, the central bank is likely to introduce short-term measures to address risks around data security and governance in the use of AI by banks and fintech firms.
The Reserve Bank of India is exploring the possibility of creating a regulatory framework for the use of artificial intelligence in India’s banking and financial services sector, according to three industry executives aware of the matter, who requested anonymity.
While discussions are at an early stage and a full-fledged regulatory framework may be subject to more streamlined consultation efforts by the central bank, the three executives say the RBI is likely to introduce specific short-term measures in the coming months to address risks around transparency, data security and governance involved in the use of AI models by banks and fintechs …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
