New Delhi, Sept. 9 -- As technology makes finance faster, it could also make financial risks spread faster and further, Reserve Bank of India (RBI) deputy governor Rohit Jain said on Wednesday, flagging speed, concentration and opacity as three emerging concerns.

Speaking at the Global Fintech Fest, Jain said none of these risks is entirely new, but technology can amplify them and allow their effects to travel through the financial system faster, more widely and sometimes in ways that are harder to detect.

Elaborating on the concerns, Jain said automated systems can analyse information and initiate actions far faster than humans can respond. "At machine speed, resilience cannot depend only on preventing every error. Institutions must al...