Artificial Intelligence (AI) is transforming banking and financial services from fraud detection to credit underwriting. However, without proper guardrails, AI can also pose risks such as bias, opacity, and cybersecurity threats.

To address this, the Reserve Bank of India (RBI) has introduced the FREE-AI Framework (Framework for Responsible and Ethical Enablement of AI). This blueprint strikes a balance between innovation and consumer protection, ensuring that AI in finance remains transparent, fair, and trustworthy.

In this video, we cover:
✅ Why RBI created the FREE-AI Framework
✅ AI opportunities in Indian finance (fraud detection, inclusion, risk analytics)
✅ Key risks: bias, model drift, deepfakes, accountability gaps
✅ Global comparison: EU, US/UK, Singapore, China vs India
✅ RBI’s 7 Sutras (core principles) & 6 Strategic Pillars
✅ 26 actionable recommendations for banks & NBFCs
✅ Current AI adoption status in India’s financial sector
✅ The way forward for safe, inclusive, and innovative AI

Whether you’re a student, UPSC/Banking aspirant, fintech professional, or simply curious about the future of AI in finance, this video will give you a clear, simple explanation of RBI’s FREE-AI roadmap. @thealienatedhub

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