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Sandeep Prasad

Business Coachย โ€ขย 21d

๐Ÿ”ฅRBI Issues Comprehensive AI Framework for Banks๐Ÿ”ฅ ๐Ÿ”ฅ RBI releases FREE-AI framework with 26 regulatory guidelines โ€“ Reserve Bank sets ethical AI standards for financial sector with 7 core principles emphasizing trust, fairness, and accountability . ๐Ÿค” Why It Matters โ€“ Provides clear roadmap for banks to adopt AI responsibly. Addresses fraud prevention, algorithmic bias, customer protection while encouraging innovation over restriction . ๐Ÿš€ Action/Example โ€“ Banks should implement explainable AI systems for loan approvals, fraud detection with human oversight. Fintech startups need transparent AI models meeting regulatory requirements . ๐ŸŽฏ Who Benefits โ€“ 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.

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