New Delhi: Ajay K. Choudhary, executive director (ED) of the Reserve Bank of India, observed that while new technologies like artificial intelligence and block chain are very beneficial for the financial sector, a blind adoption of technological innovation without understanding its biases and limitations could be counterproductive.
---Advertisement---
Also Read :-Despite oil prices at 7-month low, no change in petrol and diesel prices in India
---Advertisement---
“The new tech such as artificial intelligence, block chain, quantum computing, big data, analytics, 5G, all of them bring a lot of benefit. However, they also bring some significant potential for disruption in the future of finance,” he said.
---Advertisement---
Read More :- Latest Business News
Click Here – Download The News 24 App
