Data Protection
Report: Indian banks need AI, privacy tech for urgent DPDP Act compliance.
Sarfraz Khan
3 minutes read
A Protiviti report highlights the urgent need for Indian banks to adopt AI and privacy technologies (PETs) to comply with the DPDP Act. As "Significant Data Fiduciaries," banks must implement "privacy-by-design" principles, re-engineer functions like KYC and consent management, and leverage AI for scalable compliance and efficiency. The report stresses continuous adaptation, robust data governance
