Union Finance Minister Nirmala Sitharaman on Tuesday urged the global community to exercise caution in how it utilises digital advancements. Speaking at the Global FinTech Fest 2025, the minister states firmly, “We should refrain from weaponising technology.” She highlighted the transformative impact of fintech in India while simultaneously flagging the need to address its darker side, especially in the context of Artificial Intelligence (AI).

The Finance Minister lauded India’s progress in the digital finance space, noting that “ Fintech has democratised finance in India; we do half of the world’s real-time digital transactions.” She highlighted the tangible benefits of this progress, stating that due to the Direct Benefit Transfer (DBT) system, savings of Rs 4.31 trillion have accrued

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