Mumbai, Sept. 9 -- The growing use of artificial intelligence and other emerging technologies in finance could amplify risks related to the speed of automated decisions, concentration among technology providers and lack of transparency in advanced models, Reserve Bank of India (RBI) Deputy Governor Rohit Jain said on Wednesday.

Addressing the Global FinTech Festival 2026 in Mumbai, Jain said technology can make financial services faster, cheaper and more accessible, but greater use of automated and interconnected systems can also create new vulnerabilities for the financial system.

"I see three key concerns [now] that emerging technologies become more deeply embedded in finance. Speed, concentration and opacity. None of these risks is e...