Back

Sandeep Prasad

Business Coach • 2m

🔥RBI Issues Comprehensive AI Framework for Banks🔥 🔥 RBI releases FREE-AI framework with 26 regulatory guidelines – Reserve Bank sets ethical AI standards for financial sector with 7 core principles emphasizing trust, fairness, and accountability . 🤔 Why It Matters – Provides clear roadmap for banks to adopt AI responsibly. Addresses fraud prevention, algorithmic bias, customer protection while encouraging innovation over restriction . 🚀 Action/Example – Banks should implement explainable AI systems for loan approvals, fraud detection with human oversight. Fintech startups need transparent AI models meeting regulatory requirements . 🎯 Who Benefits – Banking customers get fairer AI-driven services, fintech companies have clear compliance guidelines, and financial institutions can innovate confidently within regulatory boundaries. Follow me otherwise you will miss major updates.

Reply
2

More like this

Recommendations from Medial

KHALID KHAN

Be stupid. • 7m

AI is transforming fintech! Predictive analytics, chatbots, and robo-advisors are enhancing customer experience and streamlining operations. Machine learning algorithms detect fraud and optimize risk management. But what's next? How will advancements

See More
1 Reply
3

Saksham

Legal Advisor! • 1y

The RBI released a framework for self-regulatory organizations (SROs) in the fintech sector to balance innovation with regulatory compliance. Key points: •SROs must represent the fintech sector, including RBI-regulated entities, facilitating self-g

See More
Reply
5
Image Description
Image Description

jaspreet Singh

I am jaspreet Singh ... • 4d

Fintech Industry – Detailed Overview 1. Introduction to Fintech Fintech (Financial Technology) refers to innovative technologies that improve, automate, or transform financial services. It blends finance + technology to create faster, smarter, and

See More
1 Reply
10
1
Image Description
Image Description

LIKHITH

"You never know" • 9m

THIS COULD BE GAME-CHANGER ! BIG MOVE BY RBI 📢 Today was RBI MPC meeting of 2025 and they announced one thing, which one should not ignore. They introduced exclusive website domains ●bank.in = for Indian banks ●fin.in = for financial entities

See More
21 Replies
4
14
Image Description

Vedant SD

Finance Geek | Conte... • 1y

The Rise of Fintech in Bangalore: Trends and Opportunities * Trends: Mobile payments, digital lending, insurtech, blockchain, wealth management, regulatory sandbox. * Opportunities: Financial inclusion, increased access to credit, personalized fina

See More
1 Reply
4
Image Description
Image Description

Nawal

 • 

SELF • 1y

‼️ A $486-Billion Global Scam ? In 2023, financial fraud reached $485.6 billion, nearly matching Singapore’s GDP. Payments fraud, driven by tactics like banking trojans, makes up 80% of these losses. Credit card fraud adds another $28.6 billion.

See More
9 Replies
4
19

Vikram Kumar

Founder at Stockware • 1y

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

See More
Reply
2
Image Description
Image Description

Rajesh Kumar

Fintech Enthusiast |... • 10m

Fintech News Update: January 16, 2025 1. Amazon Acquires Axio 🛒: Big news! Amazon is acquiring Bengaluru-based fintech startup Axio to expand its financial services in India. This move, pending approvals, will enable Amazon to offer credit-based se

See More
7 Replies
1
7

Account Deleted

Hey I am on Medial • 2m

AI in Fintech: The New Growth Engine Why automation is becoming the backbone of financial innovation

Reply
1

Sukhveer Singh

Contact number 62831... • 10d

🚀 FinTech: The Future of Money Is Already Here! FinTech. It’s not just about apps or online banking… FinTech is transforming the way people save, invest, trade, borrow, and build wealth. From instant payments to AI-powered trading, from blockchain

See More
Reply

Download the medial app to read full posts, comements and news.