The Reserve Bank of India has issued a structured proposal for a FinTech regulatory sandbox. The proposal is straight forward and follows the establishment of a working group that reported in 2018. The sandbox is to allow exploration of new and innovative technologies (which is noted to include Artificial Intelligence and Machine Learning applications) that will solve… Continue reading Reserve Bank of India introduces FinTech regulatory sandbox.
From India comes an interesting proposed bill on protection of data. If the Ganges is the lifeblood of India, then data is the lifeblood of AI. And so legislation on data becomes an important part of AI regulation. Some interesting things about this bill: the data covered has to be in respect of a person who is… Continue reading Indian data legislation.