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RBI Unveils FREE-AI for Fintech
The Daily Guardian
|August 16, 2025
The endeavour of the Reserve Bank of India (RBI) to democratise the use of Artificial Intelligence (AI) in the financial sector will open new doors to players as regulator-backed measures such as AI sandboxes, sectoral datasets, and indigenous models can significantly reduce the cost and risk of experimentation, say top executives of the financial service companies.
Top executives said that it is a unique opportunity to blend regulatory trust with speed and agility in niche markets, previously out of reach due to high barriers to entry.
On August 13, the RBI's committee unveiled the Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI), marking a significant step in balancing technological innovation with robust risk management in the financial services ecosystem.
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