Reserve Bank of India Collaborates with McKinsey and Accenture to Develop AI System for Regulatory Improvement
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Translated data:
The Reserve Bank of India plans to collaborate with consulting firms such as McKinsey and Accenture to develop artificial intelligence and machine learning systems aimed at enhancing regulatory oversight. The bank has already integrated AI and machine learning technologies into its regulatory processes and intends to scale up their use. These technologies enable real-time data reporting, efficient data management and dissemination, thereby boosting regulatory capabilities and fostering the stability and growth of the financial system.
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