The Reserve Bank of India (RBI) has developed guidelines for establishing Digital Banking Units (DBUs). This is in accordance with the Indian finance minister Nirmala Sitharaman’s announcement in...
Apr 11, 2022
Modernization of its structured financial messaging system, augmentation of infrastructure security layer and adoption of Wi-Fi 6 across the organization are among the Reserve Bank of India’s...
Aug 28, 2020
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables banks to send and receive information about financial transactions in a secure, standardized...
May 08, 2019
The Reserve Bank of India (RBI) has released a draft approach paper to roll out Regulatory Sandboxes (RS), a mechanism to facilitate technology-leveraged innovation in the financial sector in a...
Apr 24, 2019
In what could be seen as a very progressive stance by the Indian regulator, BP Kanungo, Deputy Governor of Reserve Bank of India (RBI), called for creating regulatory sandbox to support innovation in...
Jun 04, 2018
After years of announcements regarding blockchain Proofs of Concept and Pilots, a first successful enterprise grade deployment that includes multiple financial services organizations has taken place...
Apr 04, 2018
With the Institute for Development and Research in Banking Technology (IDRBT), the nodal technology research centre set up by RBI announcing a successful trial of blockchain technology involving a...
Jan 25, 2017
A combination of factors such as convenience, awareness and growing penetration of smart phones are driving the usage of mobile banking in India. According to latest data available from Reserve Bank...
May 16, 2016