Periodical
India Eyes AI for Next Finance Leap After Digital Payments Boom.
| Τίτλος: | India Eyes AI for Next Finance Leap After Digital Payments Boom. |
|---|---|
| Συγγραφείς: | Nayak, Siddhi (AUTHOR), Shukla, Sidhartha (AUTHOR) |
| Πηγή: | Bloomberg.com. 9/8/2026, pN.PAG-N.PAG. 1p. |
| Θεματικοί όροι: | *Artificial intelligence, *Mobile commerce, *Financial services industry, *Government regulation, *Electronic funds transfers, Data privacy, Fraud investigation |
| Γεωγραφικοί όροι: | India |
| Περίληψη: | The article focuses on India’s evolving financial system as it prepares to integrate artificial intelligence (AI) beyond its existing real-time payments infrastructure, the Unified Payments Interface (UPI). AI is expected to enhance functions such as borrower assessment, fraud detection, and personalized financial services, but also raises concerns about bias, cybersecurity, data privacy, and accountability. These issues will be central at the upcoming Global Fintech Fest in Mumbai, where policymakers and industry leaders, including officials from the Reserve Bank of India (RBI), will discuss regulatory approaches and the future of digital finance. Additionally, the article highlights challenges in creating sustainable business models for India’s digital payments ecosystem, especially as the government considers introducing charges on UPI transactions, which have been free of merchant discount rates since 2020. [Extracted from the article] |
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| Βάση Δεδομένων: | Business Source Index |
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