RBI Governor Shaktikanta Das discusses India's digital financial advancements and AI risks at a global conference.

RBI Governor, Shaktikanta Das, highlighted the central bank's continuous work on policies, systems, and platforms to make India's financial sector strong, nimble, and customer-centric at the Global Conference on Digital Public Infrastructure and Emerging Technologies. India's rapid advancements in digitalizing financial services, such as the Unified Payments Interface (UPI) and Unified Lending Interface (ULI), are aiming to evolve into a cheaper and quicker alternative for cross-border remittances. Das also acknowledged the potential risks associated with AI, including data privacy concerns and the misuse of technology.

August 26, 2024
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