Page 6 - Banking Technology News Today

State-run banks in India are considering the establishment of a common blockchain platform to issue letters of credit and facilitate multi-party underwriting for their corporate clients. The platform would allow lenders to make faster decisions and provide a more efficient and secure solution for stakeholders and auditors.

Mumbai - The National Bank for Agriculture and Rural Development (NABARD) organised a month-long hackathon to stimulate young minds to develop innovative solutions for financial inclusion in rural areas. The key objective of the hackathon was to crea

Digital technology and data are all-pervasive in modern banking operations. However, while they are elevating efficiency and experience, they are also increasing security risks. Not surprisingly, nearly three-fourths of banking industry Chief Risk Officers rate cybersecurity risk among their top risk priorities for this year.

Most stock markets in the Gulf ended higher on Tuesday on bets for an imminent end to U.S. interest rate hikes, although the Saudi index eased on volatile energy prices.

India Business News: Mumbai: The Axis Bank board, at its meeting held today, appointed N.

Axis Bank has appointed N S Vishwanathan as the Non-Executive (Part-time) Chairman for a period of three years, beginning October 27. Vishwanathan retired from RBI as Deputy Governor in 2020., Companies News, Times Now

New Delhi : The Board of Directors of Axis Bank at its meeting held today approved the appointment of N. S. Vishwanathan, Independent Director as the Non-Executive (Part-time) Chairman of the Bank for a period of three years, subject to approval of t

Axis Banks board of directors of the bank have appointed Vishwanathan for a period of three years.

The platform, expected to start in three months, will ease the difficulties faced in auditing the accounts of companies.

RBI deputy governor MK Jain has called for an international effort to tackle cyber risk, saying that as financial transactions move online, the reliance on IT infrastructure grows exponentially. He suggested six cybersecurity strategies to improve the global cybersecurity environment.