Empowering the Future: Piyush Goyal Champions Ethical AI & Fights Financial Crimes at Global Fintech Fest 2024

Union Commerce and Industry Minister Piyush Goyal called on the fintech sector to prioritize ethical AI and develop methods to counter money laundering and financial crimes through responsible AI applications. Speaking at the Global Fintech Fest 2024 in Mumbai, Goyal commended the sector for making India proud with its innovative strides.

Goyal lauded the fintech industry’s enthusiasm and ingenuity in driving financial inclusion across India. He emphasized that the fintech revolution has significantly transformed the nation’s financial landscape, extending services to even the remotest areas and ensuring support reaches the last mile.

Highlighting the sector’s pivotal role in India’s economic progress, Goyal noted the remarkable contributions of fintech, especially during the pandemic. Innovations within the sector played a crucial role in supporting the economy through challenging times.

The Minister’s remarks underscored the sector’s importance in India’s economic success and its potential to address financial crimes ethically through advanced AI technologies.

Original Story https://www.newsonair.gov.in/piyush-goyal-urges-fintech-sector-to-look-at-ethical-ai-combat-financial-crimes-at-global-fintech-fest-2024/
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