Responsible AI in finance is crucial for ethical governance and risk management.A regulatory framework in India is suggested to ensure AI operates within safe and ethical boundaries..This framework includes guidelines on transparency, accountability, and fairness in AI algorithms.The proposal aims to balance innovation with consumer protection and systemic stability.It also addresses the need for continuous monitoring and updating of AI systems to adapt to evolving risks..Read more stories
Responsible AI in finance is crucial for ethical governance and risk management.A regulatory framework in India is suggested to ensure AI operates within safe and ethical boundaries..This framework includes guidelines on transparency, accountability, and fairness in AI algorithms.The proposal aims to balance innovation with consumer protection and systemic stability.It also addresses the need for continuous monitoring and updating of AI systems to adapt to evolving risks..Read more stories