RBI: Digital products make financial sector more complex

Quick Summary:

While the RBI is committed to improving the digitalization of banking services, it has also been busy addressing growing cybersecurity threats.

The post RBI: Digital products make financial sector more complex appeared first on CoinGeek.

RBI’s ULI, expected to completely transform credit delivery in the country, is a technology platform built to facilitate easy access to authenticated data from various sources through a standardized Application Programming Interface (API) to which all lenders can connect seamlessly through a plug-and-play model.

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Article Details

Author / Journalist: Pradipta Mukherjee

Category: Crypto

Markets: CanadaIndiaJapan

Topics: Cybersecurity Finance Shaktikanta Das Digital payment Reserve Bank of India Unified Payments Interface Unified Lending Interface E-rupee Fraud

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 06:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1051 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23820794

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