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AI safety must keep pace with adoption in financial sector: CEA Anantha Nageswaran
India needs to be proactive on the safety and security of artificial intelligence (AI) in the financial sector as firms increasingly adopt the technology, Chief Economic Adviser (CEA) V Anantha Nageswaran said on Friday. He cautioned that the sector may not have the luxury of waiting for risks to materialise before responding.Speaking at ASSOCHAM’s India International Fintech Festival, Nageswaran said AI could significantly improve the fintech industry by enabling firms to assess creditworthiness more accurately and identify risks and financial stress at an earlier stage. “Specifically speaking from the fintech perspective, of course AI is going to help various firms in the industry. Analyse the creditworthiness far better, flag risks and stress much earlier,” he said.
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economictimes.indiatimes.com
AI safety: India must keep humans in the loop, prevent exclusion, says CEA Nageswaran
Chief Economic Adviser V Anantha Nageswaran stressed proactive AI safety and security in finance. He warned AI must not foster financial exclusion and humans must remain…
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thehindubusinessline.com
India needs proactive approach on AI safety, security in financial sector: CEA Nageswaran
AI can help financial firms analyse creditworthiness more effectively and flag risks of default and financial stress at an earlier stage, but stressed that its deployment should…
