BFSI – pressnews

[ad_1] The BFSI industry is notably one of the most regulated in India. It had already subject to requirements outlined by governing bodies like the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), and Unique Identification Authority of India (UIDAI). These regulations address aspects of cybersecurity and encompass certain elements of privacy. For larger organizations operating across multiple geographical regions, there exists an obligation to adhere to global privacy regulations like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), among others, but these organizations will also need to tailor their processes to now adhere to the DPDP Act covering th...

[ad_1] What is the role of artificial intelligence in human activity? Is it that of command and control or an aid to achieving set targets or goals? While one points towards a benevolent AI, the other may refer to something dangerous. Speaking on the issue of AI on Friday was Salesforce India CEO Arundhati Bhattacharya who said that artificial intelligence and generative technology is more of an assistant than a self-functioning unit.She added that at present, there is always a human involved in AI operations and it is difficult to say if it will work on its own in the future. "It's more of an assistant right now. We have not reached the point where we can allow it (to operate independently)... will it be totally on its own at some point, is very difficult to say now," she said. She add...

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Digital Personal Data Privacy Act 2023: Know how it can affect the BFSI sector

AI brings affordability and has specific use cases to solve problems, says Salesforce India CEO