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IDRBT building next generation Digital Financial Infrastructure
May 15, 2021
A banking innovation centre will also be set up for new technology applications The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India (RBI), is building next generation Digital Financial Infrastructure.
“We are working on building this high speed network to be owned by the Government of India with which the government can monitor and control all financial activity and security becomes easy,” D. Janakiram, Director, IDRBT told Business Line.
The National Digital Financial Infrastructure (NADI) would provide a roadmap and framework for future digital financial services growth in the country.