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    Question

    In a move to enhance security, integrity and privacy of

    financial sector data and bring transparency on fintechs in the country, the Reserve Bank of India (RBI) is set to establish a cloud facility and a repository for capturing information on fintech firms.Who will operate the to be established cloud facility?
    A Deposit Insurance and Credit Guarantee Corporation of India (DICGC) Correct Answer Incorrect Answer
    B Reserve Bank Information Technology Private Limited (ReBIT) Correct Answer Incorrect Answer
    C Indian Financial Technology and Allied Services (IFTAS) Correct Answer Incorrect Answer
    D Reserve Bank of India Innovation Hub (RBIH) Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In a move to enhance security, integrity and privacy of financial sector data and bring transparency on fintechs in the country, the Reserve Bank of India (RBI) is set to establish a cloud facility and a repository for capturing information on fintech firms.  The Indian Financial Technology and Allied Services (IFTAS), a wholly-owned subsidiary of the RBI, will set up and operate the cloud facility.

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