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India's RBI forms committee for AI ethics in finance, enhancing credit access and fighting digital fraud.
The Reserve Bank of India (RBI) is forming a committee to develop ethical guidelines for AI in the financial sector, focusing on transparency and data protection.
This initiative aims to promote the safe integration of AI while addressing risks like algorithmic bias and data privacy.
Additionally, the RBI is expanding credit accessibility through the Unified Payments Interface (UPI) for Small Finance Banks and launching an AI-driven tool, MuleHunter.AITM, to combat digital fraud involving mule accounts.
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RBI de la India forma comité para la ética de la IA en finanzas, mejorando el acceso al crédito y la lucha contra el fraude digital.