RBZ crafts AI rules for banks

Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — there was also broad consensus among the analysts yesterday that the Reserve Bank of Zimbabwe (RBZ) had largely managed to sustain confidence in its monetary frame­work in its MPS of last week.

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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