Friday, 24 March, 2023

RBI to set up tech hub for innovations in financial service space

<p>An RBI official said on Monday that the bank is setting up an innovation hub, focussing on future tech in the financial service space. They expect tech firms, financial entities, academic entities etc to interact on this hub and start the entire process from ideation to creation of projects. RBI has also released a framework for setting up umbrella entities for operating pan-India retail payments systems.</p>