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.
“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.
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