Russia's Central Bank Explores Secure Data Exchange for AI Development

The Bank of Russia, in collaboration with a major domestic bank, is testing a data exchange system aimed at developing artificial intelligence models, anti-fraud systems, and risk assessment tools. According to recent reports, this testing is taking place within the Central Bank's regulatory sandbox environment. This initiative is part of a broader effort to create trusted platforms for data sharing, a concept first proposed by the Bank of Russia in 2025. The bank's representative confirmed that the testing is ongoing and that the regulator will consider market feedback in drafting regulations for trusted intermediaries.

This move is seen as a significant step towards harnessing the potential of AI in the financial sector while ensuring data security and privacy. The Central Bank's Center for AI Expertise is leading this effort, with the goal of forming proposals based on the pilot's results and market positions, which will then be subject to interagency discussion. The involvement of a major bank in this pilot project underscores the importance of collaboration between regulatory bodies and financial institutions in developing innovative and secure AI solutions.

Source: RIA Novosti