India central bank: Integration of advanced technologies in financial sector brings opportunities, risks

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India central bank: Integration of advanced technologies in financial sector brings opportunities, risks - CoinGeek

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The post India central bank: Integration of advanced technologies in financial sector brings opportunities, risks appeared first on CoinGeek.

The primary function of deposit insurance is to stabilize the financial system in case of bank failures by assuring depositors they will have immediate access to their insured funds even if their bank fails.

The rise of fintech companies and the entry of entities outside the traditional regulatory and supervisory framework have introduced new dimensions of risk to the financial sector.