A bank launches a digital-only personal loan product. It integrates with an Account Aggregator (AA) to fetch bank statements, uses a Fintech partner for alternative credit scoring, and uses a digital signature provider. The bank registers as a 'Financial Information User' (FIU) in the AA ecosystem. When a customer applies, they give consent via their AA handle. The AA fetches data from the customer's other banks, which act as 'Financial Information Providers' (FIP). The machine-readable data allows for instant analysis. A Fintech partner calculates a score using ML models, but the bank's internal policy decides the final approval based on a minimum threshold score. The agreement is signed using an e-Sign provider. Based on this scenario, identify the correct set of responses for the following: 1. Is the bank acting as an FIU or FIP? 2. What is the role of the Account Aggregator? 3. What is the primary benefit of machine-readable data? 4. Is the credit decisioning performed by the Fintech or the Bank?

Which of the following descriptions best represents a highly advanced implementation of Artificial Intelligence in modern retail banking underwriting workflows?

Consider the following statements regarding the regulatory framework for digital retail banking in India: Statement 1: The Reserve Bank of India framework mandates that the Video-based Customer Identification Process (V-CIP) must be conducted by an authorized official in a live environment. Statement 2: This live interaction captures the live photograph of the customer along with a clear image of their PAN card while verifying geographical location through geo-tagging. Statement 3: The digitalized process incorporates the Account Aggregator ecosystem, allowing banks to act as a Financial Information User (FIU) to fetch data from a Financial Information Provider (FIP) with customer consent. Statement 4: Data shared through the Account Aggregator is stored permanently within the systems of the aggregator itself to ensure a backup ledger. Statement 5: UPI LITE is an on-device wallet allowing low-value transactions up to ₹500 without a UPI PIN, reducing the real-time load on Core Banking Systems. Statement 6: A standardized Key Fact Statement (KFS) detailing the all-inclusive annual percentage rate must be provided to the borrower before loan contract execution. Statement 7: Card Tokenization replaces the 16-digit Primary Account Number with a unique token specific to a merchant and device. Which of the combinations correctly identifies the true statements?