AI in Finance Could Backfire, Warns RBI—From Fraud Flags to Credit Scoring Errors
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Summary
The Reserve Bank of India warns that AI in finance could lead to financial losses and systemic vulnerabilities. AI-powered fraud detection tools might misclassify legitimate transactions as suspicious...
Key Details
Published
16 August 2025 at 02:00 pm
Source
The 420
Channel
artificial intelligence
Victim Profile
banking customers
Fraud Keywords
ai misclassificationfraud detection errorsalgorithmic biascredit scoring manipulationdata corruption