https://www.taxtmi.com/news?id=48266 Regulatory and infrastructural reforms aim to reduce information asymmetry by strengthening CIC oversight-standardised data formats, a Data Quality Index, mandated free full credit reports, internal ombudsmen, expanded grievance redressal, and disclosure of suit-filed and wilful defaulter accounts-while promoting digital public infrastructure and new interfaces (ULI, OCEN, account aggregation) to enable lenders' access to verified and alternative data. Priority actions include moving toward near-real-time reporting, improving data quality and identity standardisation, managing AI/ML model risk, and ensuring responsible innovation to advance financial inclusion. en-us Wed, 02 Jul 2025 17:07:51 +0530 Wed, 02 Jul 2025 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48266 Regulatory and infrastructural reforms aim to reduce information asymmetry by strengthening CIC oversight-standardised data formats, a Data Quality Index, mandated free full credit reports, internal ombudsmen, expanded grievance redressal, and disclosure of suit-filed and wilful defaulter accounts-while promoting digital public infrastructure and new interfaces (ULI, OCEN, account aggregation) to enable lenders' access to verified and alternative data. Priority actions include moving toward near-real-time reporting, improving data quality and identity standardisation, managing AI/ML model risk, and ensuring responsible innovation to advance financial inclusion. News - Wed, 02 Jul 2025 17:07:51 +0530 https://www.taxtmi.com/news?id=48266