RBI’s FREE-AI guidelines to reduce cost, risk for financial sector, says top executives

New Delhi [India], August 15 (ANI): The endeavour of the Reserve Bank of India (RBI) to democratise the use of Artificial Intelligence (AI) in the financial sector will open new doors to players as regulator-backed measures such as AI sandboxes, sectoral datasets, and indigenous models can significantly reduce the cost and risk of experimentation, say top executives of the financial service companies.