Financial Sector News

Revolutionizing Banking: How Generative AI is Set to Boost Productivity by 46% by 2030

India's financial sector is adopting generative AI for cost reduction and efficiency improvement, with EY predicting a 46% productivity boost in banking by 2030. 74% of firms are i...

Revolutionizing Finance: RBI Launches Ethical AI Initiative

The Reserve Bank of India (RBI) has formed a panel, FREE-AI, led by Pushpak Bhattacharyya of IIT Bombay, to oversee the ethical adoption of AI in the financial sector. The committe...