RBZ crafts AI rules for banks

The RBZ said export earnings dominated the foreign currency receipt basket, accounting for an average of 71 percent of total inflows.

THE Reserve Bank is developing artificial intelligence (AI) specific guidelines to guide regulated financial institutions on the minimum AI implementation requirements.The development comes as AI has had a profound transformative impact, changing how institutions, including those in the banking and finance sector, operate and deliver services to customers.“The guidelines are expected to complement the existing…

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