Central Bank of Sri Lanka (CBSL) Governor Nandalal Weerasinghe has called for the responsible and inclusive adoption of artificial intelligence (AI) and digital technologies to transform the country's banking and finance sector.
Speaking about the future of banking, Weerasinghe highlighted AI's potential in advancing green financing and sustainability. He noted that the Central Bank's own digital transformation has already helped reduce its carbon footprint.
However, the Governor also warned of the risks associated with AI, including data privacy concerns, algorithmic bias, and ethical issues. He stressed the importance of strong governance and transparency to ensure that AI systems are fair and unbiased.
Dr. Weerasinghe concluded by stating that the future of banking should focus not only on profitability but also on social impact, inclusivity, and resilience, emphasizing that the digital revolution must not leave anyone behind.
He called for a national commitment to upskilling the workforce and ensuring ethical governance.