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mckinsey: RBI selects McKinsey and Company, Accenture Solutions to use AI, ML to improve regulatory supervision

The Reserve Bank has selected global consultancy firms McKinsey and Company India LLP and Accenture Solutions Pvt Ltd India to develop systems using artificial intelligence and machine learning for its supervisory functions. The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision over banks and NBFCs. For this purpose, the central bank plans to hire external experts.

RBI Partners With McKinsey And Accenture On Using AI ML

The contract, valued at approximately Rs 91 crore, will see the two consultancy giants collaborate closely with the RBI s Department of Supervision, , Reserve Bank of India (RBI), Artificial Intelligence (AI), mckinsey, accenture

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