Sopnendu Mohanty Urges Banks to Shift AI from Cost-Cutting to Financial Inclusion 25% in Low-Income Markets Access Formal Borrow
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最新报道：Sopnendu Mohanty, Chief FinTech Officer at the Monetary Authority of Singapore, urged banks to leverage AI for cost reduction and financial inclusion, particularly in markets where 25% of the population lacks access to formal borrowing. Speaking at a fintech conference, Mohanty emphasized that AI-driven efficiencies could help banks serve underserved segments while maintaining profitability. He highlighted Singapore's regulatory sandbox approach as a model for fostering innovation in digital banking services. The remarks come as global financial institutions increasingly explore AI applications to streamline operations and expand customer reach in emerging economies.
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