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Fintech Market Overview

This article does not constitute legal advice.

Artificial intelligence in financial products

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Artificial Intelligence (AI) is being utilised in several financial services, for example, credit scoring, risk management, wealth management and algorithmic trading. It is also being implemented in the health insurance sector for automated risk assessment and claim adjudication. In addition, technology providers are developing smart contracts to facilitate health insurance settlements. Nonetheless, India has yet to create suitable policies or administrations to get a handle on AI. To tackle this issue, regulators have released consultation papers related to robotic financial advisers and their effects on consumer protection, security and data privacy. Of particular concern is third-party websites offering investment and trading advice as they could be guilty of contravening Indian competition laws, consumer protection legislation or intellectual property regulations.1

Data protection in India

Fintech in India

Fintech in other countries

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Indian Fintech Lawyers

Denis Polyakov

Denis Polyakov

Comprehensive legal services for businesses on corporate, tax law, cryptocurrency legislation, investment activities

Kristina Berkes

Kristina Berkes

Participation as a lawyer at investment venture funds, leading venture M&A deals in IT, supporting iGaming and business assets

Notes
  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/india
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