https://www.taxtmi.com/news?id=34898 The address sets a regulatory-policy framework urging an open interoperable digital infrastructure-UPI, Account Aggregator and Unified Lending Interface-to deepen markets and enable data-driven underwriting for underserved borrowers. It elevates explainability and sustained human oversight as essential for AI/ML adoption to prevent algorithmic bias, automation complacency and model drift, and calls on financial institutions to build governance, risk management and skills. Regulation must balance system stability, consumer protection and innovation while preventing reckless financialisation and ensuring meaningful financial inclusion. en-us Sat, 22 Feb 2025 13:21:28 +0530 Sat, 22 Feb 2025 13:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34898 The address sets a regulatory-policy framework urging an open interoperable digital infrastructure-UPI, Account Aggregator and Unified Lending Interface-to deepen markets and enable data-driven underwriting for underserved borrowers. It elevates explainability and sustained human oversight as essential for AI/ML adoption to prevent algorithmic bias, automation complacency and model drift, and calls on financial institutions to build governance, risk management and skills. Regulation must balance system stability, consumer protection and innovation while preventing reckless financialisation and ensuring meaningful financial inclusion. News - Sat, 22 Feb 2025 13:21:28 +0530 https://www.taxtmi.com/news?id=34898