“The emerging role of artificial intelligence in the financial ecosystem should reduce uncertainties and expand opportunities for all stakeholders to advance inclusion, maximise efficiency, and strengthen trust,” said J. Swaminathan, Deputy Governor of Reserve Bank of India.
Delivering the 20th CUB V. Narayanan Memorial Lecture at SASTRA, a deemed university, on Saturday, Mr. Swaminathan laid down a five-point charter of guidelines for full scale AI adoption in the financial and banking sectors.