RBZ crafts AI rules for banks

According to the latest Treasury bulletin, the surplus was achieved after cumulative revenue collections for the period between January and March reached ZiG64,8 billion, ex­ceeding expenditures of ZiG57,4 billion incurred during the period under review.

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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