Tag: financial technology

The integration of AI agents into the financial sector presents a paradigm shift, offering unprecedented efficiency and analytical capabilities. However, this technological advancement is intrinsically linked to a heightened need for robust security measures and careful governance to mitigate emerging risks and ensure responsible adoption.

Finance Minister Nirmala Sitharaman has urged fintech firms to bolster their risk management strategies to counter the escalating misuse of Artificial Intelligence (AI) by malicious actors. Speaking at the Global Fintech Fest 2025, she highlighted the dual-edged nature of AI, emphasizing the need for stringent defenses against sophisticated frauds like deepfakes and identity theft, while also acknowledging India's potential as a global AI hub.