innovationinbanking

  Published 08 July 2026. Beyond Principles: Seven Operational AI Risks Every Bank Should Prepare For From Governance Principles to Operational Readiness. Author: Nayakanti Prashant 3rd Gen Banker & Citizen Lobbyist – Bengaluru Advocating Digital Transactions Day (April 11) ________________________________________ Estimated Reading Time 5 Minutes Disclaimer : These are the author's personal reflections intended to contribute constructively to the RBI's public consultation. The ultimate destination is April 11 – Digital Transactions Day. Any, my journey towards the final submission to RBI on this public consultation will assist in a more smoother journey. The Scope    "An RE should define the scope of AI / ML model, including for foundational AI models and frontier AI models , and put in place additional controls, commensurate with its potential impact on customers, business operations, and financial outcomes."   — Reserve Bank of India Guid...

  The most-used feature should be the easiest to find. Published 07 July 2026 By Nayakanti Prashant 3rd Gen Banker & Citizen Lobbyist – Bengaluru Advocating Digital Transactions Day (April 11)   Introduction Recently, I decided to use NPCI BHIM as my primary UPI application to experience it as an everyday user and document my observations along the way. One particular aspect of the user experience stood out almost immediately. This article shares that observation in the spirit of constructive feedback and continuous improvement. The ultimate destination is April 11 (UPI Birthday) – Digital Transactions Day. And in this journey and beyond, hope NPCI joins the spirit of the Observance. This only is a temporary BYE. A few weeks ago, I wrote a blog titled " I Am Back, NPCI BHIM | Where My Next UPI Journey Begins ." The objective was simple. Use BHIM as my primary UPI application. Experience it as an everyday user. And share observations along the way. Tod...

  Published: 05 July 2026 By Nayakanti Prashant 3rd Gen Banker & Citizen Lobbyist – Bengaluru Digital Transactions Day (April 11)   Perspective 1 of 6 Why Indian Banking Needs an Indian AI Governance Perspective From Spreadsheets to Artificial Intelligence—Every Banking Model Deserves Responsible Governance. Every banking model—whether powered by Artificial Intelligence, statistical techniques, business rules, or even a carefully designed spreadsheet—ultimately serves one purpose: earning and preserving customer trust. We are different, we have a unique Digital Stack. A Six-Part Reflection Series This six-part series presents practical reflections on the Reserve Bank of India's Draft Guidance on Model Risk Management, with a focus on strengthening AI governance in the context of India's unique banking and digital payments ecosystem. The perspectives are intended to contribute constructively to the ongoing public consultation while encouraging a ...