Business Coach • 9h
🔥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.
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 MoreFounder at Stockware • 10m
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 MoreFintech Enthusiast |... • 7m
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 MoreFinance Geek | Conte... • 10m
The Future of Fintech in India India's fintech sector has experienced rapid growth, driven by technological advancements, increasing smartphone penetration, and government initiatives. The country's large population and diverse demographics offer a s
See MoreOutreach Manager (Xu... • 5m
Fintech: Transforming the Future of Finance The fintech industry is booming, revolutionizing how we manage money. From digital wallets and UPI payments to AI-driven lending and blockchain, fintech is making financial services faster, smarter, and mo
See MoreDownload the medial app to read full posts, comements and news.