Author Archives: Vijayashankar Na

The Reserve Bank of India (RBI) has recently placed three transformational compliance responsibilities before banks: Compliance with the Digital Personal Data Protection Act, 2023 (DPDPA); Compliance with the RBI Guidance on Artificial Intelligence; and Compliance with the Draft Guidance on … Continue reading →

Three different compliance requirements are confronting the Indian Banks right now. While most Banks were leisurely planning for DPDPA implementation, RBI unleashed the AI guideline first and before the next heart beat landed the Digital Governance requirement. To rub salt … Continue reading →

In the last one month, RBI has come up with the AI Guidelines and Data Governance Guidelines. In addition, Banks are trying to be compliant with DPDPA Act and the Rules. All the three together are providing a huge challenge … Continue reading →

Introduction The banking sector occupies a unique position in the digital economy as one of the largest and most trusted repositories of personal information. Every banking transaction, starting from opening an account and completing Know Your Customer (KYC) formalities to … Continue reading →

Artificial Intelligence has crossed the stage where it can be viewed merely as another software technology. It has emerged as an autonomous decision-support ecosystem capable of influencing business operations, financial systems, healthcare, transportation, governance and even human behaviour. The same … Continue reading →

Naavi and FDPPI have already released DGPSI AI as a standard for implementation of DPDPA in AI environment. This framework includes  6 principles  followed by 22 implementation specifications of which 9 are by deployers and 13 are by developers. Together … Continue reading →