RBI forms committee for ethical enablement of AI in financial sector

The Reserve Bank of India (RBI) has constituted an eight-member committee of experts to develop a framework for responsible and ethical enablement of artificial intelligence (FREE-AI) in the financial sector.

The committee, to be headed by Pushpak Bhattacharyya, professor (Department of Computer Science and Engineering), IIT Bombay, will recommend a robust, comprehensive, and adaptable AI framework for the financial sector.