3 reactions
Indian banks asked ‘to prepare for the future’ with AI and blockchain
Reserve Bank of India Deputy Governor Mahesh Kumar Jain has told Indian bank directors they should “adopt innovative technologies such as AI and blockchain."
A top federal official representing India’s central bank has recommended all banks adopt artificial intelligence and blockchain technology to ensure sustainable growth and stability.
At a conference organized by the Reserve Bank of India (RBI) for the directors of Indian banks, Deputy Governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability.
Jain spoke about the importance of effective corporate governance and governance structure and processes when it comes to staying prepared for future risks. Technological disruptions, evolving customer expectations and cybersecurity threats, among other things, have put forth new sets of risks for the banks across technology, business and operations. His advice for addressing these challenges was to focus on tech adoption.
Read More: https://cointelegraph.com/news/indian-banks-asked-to-prepare-for-the-future-with-ai-and-blockchain
Reserve Bank of India Deputy Governor Mahesh Kumar Jain has told Indian bank directors they should “adopt innovative technologies such as AI and blockchain."
A top federal official representing India’s central bank has recommended all banks adopt artificial intelligence and blockchain technology to ensure sustainable growth and stability.
At a conference organized by the Reserve Bank of India (RBI) for the directors of Indian banks, Deputy Governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability.
Jain spoke about the importance of effective corporate governance and governance structure and processes when it comes to staying prepared for future risks. Technological disruptions, evolving customer expectations and cybersecurity threats, among other things, have put forth new sets of risks for the banks across technology, business and operations. His advice for addressing these challenges was to focus on tech adoption.
Read More: https://cointelegraph.com/news/indian-banks-asked-to-prepare-for-the-future-with-ai-and-blockchain
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