# CEA warns AI must not become tool for exclusion in finance

2026-08-07T10:56:30+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

Chief Economic Adviser V Anantha Nageswaran said India must be proactive about artificial intelligence safety and security, especially in the financial sector. Speaking at the ASSOCHAM FinTech Festival in New Delhi, he warned that AI should not become a tool for exclusion and that humans must remain in the loop. Nageswaran said AI can help analyse creditworthiness and flag risks earlier, but its deployment should not deny deserving individuals access to credit. He also said the next 20 years will be much harder than the three decades since the 1991 reforms, citing climate, technology, geopolitics and the weaponisation of capabilities. On cross-border payments, he argued that trade volumes matter more than payment infrastructure. Nageswaran described fintech as an enabler that should follow the real economy, not lead it. He called for both public and private sectors to raise their game.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/economy/india-needs-proactive-approach-on-ai-safety-security-in-financial-sector-cea-nageswaran/article71316572.ece>
- timesnownews.com <https://www.timesnownews.com/business-economy/economy/ai-must-not-become-a-tool-for-exclusion-ceas-big-warning-for-indias-financial-sector-article-155369165>

Tags: AI safety, ASSOCHAM, financial sector, fintech, regulatory policy, V Anantha Nageswaran
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