The Reserve Bank of India (RBI) has established a committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Indian financial sector. This initiative, led by Dr Pushpak Bhattacharyya, aims to guide the ethical and…
Report on AI governance guidelines development
India recognizes the potential and challenges of AI. An Advisory Group, chaired by the Principal Scientific Advisor, has been constituted to undertake the development of an ‘AI for India-Specific Regulatory Framework’. Under the guidance of the Advisory Group, a Subcommittee on…
Trustworthy AI – reliable and predictable
Trust is, at its core, a deeply human phenomenon. When we step onto a bus, it’s the driver we trust to bring us safely to our destination – but what about the bus? Can we place the same trust in it…
IDB Bank Partners with ThetaRay, Strengthening its Financial Crime Compliance with Cognitive AI Solution
NEW YORK–(BUSINESS WIRE)–ThetaRay, a global leader in Cognitive AI Financial Crime Compliance and IDB Bank, a New York-based private and commercial bank, have announced a strategic partnership. The collaboration underscores the Bank’s dedication to maintaining the highest standards of regulatory compliance…
XAI: Explainable Artificial Intelligence
Dramatic success in machine learning has led to a torrent of Artificial Intelligence (AI) applications. Continued advances promise to produce autonomous systems that will perceive, learn, decide, and act on their own. However, the effectiveness of these systems is limited by…