You can see the rules and regulations in other jurisdictions.
Currently, artificial intelligence (AI) is used for several financial services, including for credit scoring, risk management, wealth management, algorithmic trading and transactions. Further, third-party administrators in the health insurance arena employ the use of AI for automated risk assessment and claim adjudication, while technology service providers are developing smart contracts for health insurance settlements. However, there are no dedicated policies or governance structures regarding AI in India. To address this, consultation papers have been issued by regulators in the space of robotic financial advisers, consumer protection, data privacy and security. In this regard, it is pertinent to note that there are specific risks attracted when third-party websites carry out detailed comparisons and host advertisements of robo-advisers, in the domain of investment and trading advice, as this practice could potentially lead to the contravention of competition, consumer protection and intellectual property laws of India.1
Comprehensive legal services for businesses on corporate, tax law, cryptocurrency legislation, investment activities
Participation as a lawyer at investment venture funds, leading venture M&A deals in IT, supporting iGaming and business assets
You can launch your platform by paying $5000 initially and the rest after 6 months if your business grows