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Mastercard Begins RBI Data Localization Compliance By Deleting Indian Users Data

For better or for worse, India’s data localisation norms have begun their last phase of implementation across the fintech market. Multinational payment giant Mastercard recently announced that they have started deleting the data of Indian citizens from overseas servers. This…

RBI’s Push Towards Digital Payments Can Make India A Cashless Economy By 2021

The Reserve Bank of India (RBI) on May 15 released its latest vision statement that lays the foundation for the country’s payment and settlement ecosystem by emphasising on innovation, cybersecurity, and customer protection. The RBI’s Payment And Settlement  Systems In…

Former RBI Governor Raghuram Rajan Raises Concerns About AI & Automation Taking Away Skilled Jobs

Former Reserve Bank of India (RBI) governor, Raghuram Rajan, is among the list of high-profile people to raise concerns about the fear of job loss in the wake of increased dependency on automation and artificial intelligence (AI). Rajan, who served…

RBI Establishes New Unit To Track Blockchain & AI, Formal Announcement Pending

The Reserve Bank of India (RBI) has reportedly established a new unit to strengthen their intellectual capital to tackle new technologies like blockchain, cryptocurrency and artificial intelligence. According to a leading financial daily, the new unit will draft policies for India’s central banking…

RBI’s Plunge Into Data Science Can Help The Economy In Big Way

Central banks around the world are adopting data science to help shape policy, get a deeper insight into the economies, enhance regulatory risk, sharpen surveillance and ultimately transform the work that they do. Recently, Reserve Bank of India (RBI) too…

RBI To Set Up Data Sciences Lab By December 2018

In an interesting turn of events the Reserve Bank of India (RBI) has decided to set up a data science lab to add tech support in policy formulation. India’s central banking institution, which also controls the monetary policy of the…

Raghuram Rajan: Jobs That Require Empathy, Creativity Are Safe From AI

“What jobs will humans be able to do in 10 or 15 years that are immune from threat from robots or machines?” This question was at the centre of former Reserve Bank Of India (RBI) governor Raghuram Rajan’s keynote address…

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