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RBI Deputy Governor Rohit Jain flags speed, concentration and opacity as fintech risks; says technology must serve customers - The Economic Times
RBI Deputy Governor Rohit Jain warned financial institutions and fintech firms that rapid adoption of emerging technologies brings risks around speed, concentration and opacity. He said institutions must ensure technology works fairly, reliably and safely for customers, while retaining responsibility for outcomes even when computing, cloud infrastructure or models are outsourced.
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