New Delhi. AI Model will soon be implemented in banks to make banking services safe and prevent digital fraud. Digital Payments Intelligence Platform System will be implemented on a large scale to detect fraud in time.
The government is trying to prevent digital fraud from social welfare schemes to MSME loan market. This will ensure accountability, transparency and cyber security in the financial sector through AI and machine learning.
RBI is preparing to include all security models related to AI and machine learning in it. The risks posed by third party AI will also be taken into account. Additional cybersecurity measures will apply to AI systems that come into direct contact with customers.