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Insurance sector regulator Irdai on Wednesday said it has formed a committee to review its information and security guidelines due to exponential increase in cyber-attacks across the globe in the wake of COVID-19. The economic situation owing to the pandemic has seen an exponential increase in cyber-attacks across the globe and in particular, the financial sector. This situation has necessitated regulators to re-look into their Cyber Security Guidelines applicable to all regulated entities in an effort to protect the financial systems, Irdai said in an order. The Insurance Regulatory and D...

Vietnam is currently home to more than 130 FinTech startups that cater to numerous clients and cover a broad range of services.

In a scathing report, the IT Parliamentary Committee says the delay reflects badly on the country's planning and execution. So far, certain bands within 5G spectrum have not even been identified, and no spectrum allocation has taken place

Seamless banking: 5G to aid talking ATMs, touch-less tech On By Juliet Umeh Despite the controversies surrounding the adoption of fifth-generation technology, 5G, around the world, technology experts have said it will improve the overall banking experience. An Indian-based research firm, Hyderabad-based Institute for Development & Research in Banking Technology, IDRBT, said the new technology will be able to do so because of its abundant power in lower latency and higher speed. It said that with 5G, minimum latency could be reduced to one millisecond as compared to 50 milliseconds for 4G and...

IDRBT gets new director January 25, 2021 D Janakiram has taken over as the new director of the Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India. Before joining IDRBT, he was a senior professor of computer science and engineering department, IIT Madras. He was also a Visiting Professor at the Rochester Institute of Technology (RIT) in the USA. His current research focusses on building large scale distributed systems and challenges in big data processing and cloud computing and blockchain technologies. ”Janakiram brings with him immense...