India's central bank is exploring the use of artificial intelligence to assess creditworthiness for individuals who are typically deemed uncreditworthy. This initiative aims to provide financial access to a broader population by leveraging AI for risk assessment. The move could potentially expand financial inclusion within the country. AI
IMPACT Could expand financial inclusion by enabling AI-driven credit assessment for previously unbanked populations.
RANK_REASON Policy initiative by a national central bank to use AI for financial inclusion. [lever_c_demoted from significant: ic=1 ai=0.4]
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