On August 13, RBI released a report of the committee to develop a Framework for responsible and ethical enablement of AI (FREE-AI) in the Financial sector.
Copy of the report is available here:
The committee has developed 7 Sutras to serve as foundation principles and 26 actional recommendations.
It is a coincidence that the framework coincides the release of DGPSI-AI framework developed independently with six foundation principles and Nine implementation specifications.
We welcome the release of the report and await its adoption.
Naavi
