RBI plans to extensively use artificial intelligence, machine learning to improve regulatory supervision

While the RBI is already using AI and ML in supervisory processes, it now intends to upscale it to ensure that the benefits of advanced analytics can accrue to the Department of Supervision in the central bank. The department has been developing and using linear and a few machine-learnt models for supervisory examinations.

from Banking/Finance-Industry-Economic Times https://ift.tt/lPIfW5u