Listen to this article
SEBI chairperson Madhabi Puri Buch has urged the MF ecosystem including fintech, AMCs, RTAs and MFDs/RIAs to leverage artificial intelligence to improve their services for investors. She was speaking at the Global Fintech Fest held recently in Mumbai.
Madhabi said that they should use publicly available data and apply artificial intelligence to offer high quality advice to every citizen of the country at a granular level. In fact, the industry should monetize this opportunity, she added.
The SEBI chairperson said that SEBI is moving towards disclosure-based regime in which it has already achieved 80% of its target. The rest 20% will be implemented soon. However, the market regulator is of the view that these disclosures should not become information overload. And this is where fintech companies can help the industry in making sense out of the data.
“Data is public good and it is a gold mine waiting to be analysed and interpreted,” said Madhabi.
