https://www.taxtmi.com/news?id=25520 Technological change is shifting banking toward digital platforms, creating opportunities in payments, AI/ML credit assessment and inclusion while introducing operational, privacy, model and systemic risks. The Reserve Bank's regulatory approach blends Activity Based Regulation and Entity Based Regulation, supports sandboxes and institution-building, and emphasizes model governance, cybersecurity preparedness, customer protection and inter-regulatory coordination for cross-border technologies. en-us Fri, 17 Jun 2022 16:02:41 +0530 Fri, 17 Jun 2022 16:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25520 Technological change is shifting banking toward digital platforms, creating opportunities in payments, AI/ML credit assessment and inclusion while introducing operational, privacy, model and systemic risks. The Reserve Bank's regulatory approach blends Activity Based Regulation and Entity Based Regulation, supports sandboxes and institution-building, and emphasizes model governance, cybersecurity preparedness, customer protection and inter-regulatory coordination for cross-border technologies. News - Fri, 17 Jun 2022 16:02:41 +0530 https://www.taxtmi.com/news?id=25520