The Reserve Bank of India will introduce a Digital Payment Intelligence Platform, enabling banks to collaboratively address fraud in the growing digital payments ecosystem.

RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain clear accountability for its outcomes,…

MUMBAI: RBI governor Sanjay Malhotra said AI could do to lending decisions what UPI did to payments and urged banks not to sit on the sidelines as India is well placed to adopt…