India, Aug. 25 -- AI 'Dharma' For Fintechs

The RBI recently floated its FREE-AI framework, a manifesto designed to guide the nation's fintech sector towards building a strong, responsible and indigenous AI infrastructure. Here's what the RBI's AI vision looks like.

The 7 Sutras Of AI Age: In its 103-page report, the apex bank has proposed an INR 5,000 Cr corpus to create a shared data and AI compute infrastructure, as well as an AI sandbox for fintechs to experiment in a contained environment. Simultaneously, it has urged India's BFSI sector to focus on fostering widespread AI adoption and building indigenous financial services-focussed AI models.

Despite the forward-looking vision, the RBI's report has drawn a line in the sand - build...