Saturday, October 1, 2022
HomeBusinessBlind adoption of new fintechs without proper understanding could have adverse affect:...

Blind adoption of new fintechs without proper understanding could have adverse affect: RBI ED

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.

Published on

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.

Also Read :-Despite oil prices at 7-month low, no change in petrol and diesel prices in India

 

“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.

Read More :- Latest Business News

Click Here – Download The News 24 App

Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 and Download our - News24 Android App. Follow News24 on Facebook, Telegram, Google News.

Latest articles

India

More like this

World