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The RBI's warning highlights a critical systemic vulnerability where reliance on shared AI models and cloud infrastructure could amplify financial disruptions across institutions. This underscores the importance of addressing concentration risks in emerging technologies like tokenization and quantum computing within the broader fintech ecosystem.
RBI flags tech concentration risks, warns of disruptions
MUMBAI: RBI deputy governor Rohit Jain flagged concentration risk among banks as most of them become dependent on a few cloud, technology and model…
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