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A high-ranking official from India’s central bank, the Reserve Bank of India (RBI), advised banks to incorporate artificial intelligence (AI) and blockchain technology for long-term growth and stability.During a conference organized by the RBI for directors of Indian banks, Deputy Governor Mahesh Kumar Jain discussed risk management strategies related to sustainable growth and stability.The official emphasized the importance of adopting AI and blockchain to ensure a secure and prosperous future for the banking sector.He highlighted that banks face various risks due to technological advancements, changing customer expectations, and cybersecurity threats. To address these challenges, Jain recommended that Indian banks prioritize the adoption of innovative technologies like AI and blockchain.He also emphasized the importance of digital transformation, improving customer experience, and investing in robust cybersecurity measures. Jain’s overall message was for banks to embrace technology and make strategic investments to prepare for the future and overcome emerging risks. <a href="https://cryptosheadlines.com/indian-banks-advised-to-embrace-ai-and-blockchain-for-future-preparedness/" rel="noopener noreferrer nofollow">Read More...</a>Join Cryptos Headlines Community: <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a>

Indian Banks Advised to Embrace AI and Blockchain for Future Preparedness

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