Innovation Hub for Financial Sector
- On 17th November, 2020, the Reserve Bank of India (RBI) set up an Innovation Hub for the financial sector and appointed Senapathy (Kris) Gopalakrishnan, co-founder and former co-chairman of Infosys, as the chairperson of the governing council for the entity.
- The hub aims to promote innovation across the financial sector by leveraging technology in the country.
Impact
- Promoting Financial Inclusion: The RBIH shall create an ecosystem that would focus on promoting access to financial services and products. This will also promote financial inclusion.
- Promoting Innovation: The hub will collaborate with financial sector institutions, technology industry and academic institutions and coordinate efforts ....
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