RBI’s FREE-AI Framework: Guiding Ethical AI in India’s Financial Sector
Artificial Intelligence (AI) is transforming financial services—from fraud detection to credit assessment—but without proper safeguards, it can also amplify risks. To balance innovation with safety, the Reserve Bank of India (RBI) formed a committee in December 2024 to design the Framework for Responsible and Ethical Enablement of AI (FREE-AI). This framework aims to encourage innovation … Read more