Tanzania, May 18 -- VICE-PRESIDENT Dr Philip Mpango has called on Tanzania's financial sector to embrace artificial intelligence (AI) responsibly, urging stakeholders to strike a balance between innovation and cybersecurity to protect the industry from rising digital threats.

Speaking yesterday during the inauguration of the CRDB Bank shareholders' seminar ahead of today's Annual General Meeting (AGM), Dr Mpango outlined five key recommendations for the sector, saying AI is transformative potential in enhancing efficiency, reducing operational costs and improving financial access, particularly in underserved rural communities.

"Investment in technology, specifically AI will not only enhance efficiency, productivity and reduce costs but ...