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Need to leverage AI, blockchain, quantum computing to deliver financial services: RBI Guv

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Reserve Bank of India Governor, Shaktikanta Das, discussed the transformative potential of blockchain, artificial intelligence (AI), quantum computing, and the Internet of Things (IoT) in advancing financial inclusion. He highlighted the advantages of digital financial inclusion, such as scalability and cost-effectiveness, and outlined the ways in which fintech innovations can bridge gaps in the traditional banking system. Das also touched upon the potential of quantum computing in revolutionizing financial modelling and risk management, as well as the role of IoT in reshaping the payments ecosystem and insurance sector. Collaboration between fintech innovators and technology developers is key to harnessing these technologies' full potential.