Digitalisation of Wealth Management Solutions
Wealth management solutions comprise a suite of comprehensive financial advisory services aimed at assisting individuals and families in growing, preserving, and strategically distributing their wealth. These solutions typically include investment management, financial planning, estate planning, and tax optimisation. In today’s increasingly digital landscape, client relationship management has become more dynamic and interactive. The adoption of…
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Key features of Indian Banking Community Cloud (IBCC)
The Indian Banking Community Cloud (IBCC) is a secure, cloud-based infrastructure designed specifically for Indian banks. Developed by the Institute for Development and Research in Banking Technology (IDRBT), the IBCC enables collaborative resource sharing, cost optimization, and efficient service delivery within the Indian banking ecosystem. Launched on August 2, 2013, IBCC supports banks—especially new and…
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Institute for Development and Research in Banking Technology (IDRBT)
The Institute for Development and Research in Banking Technology (IDRBT) is an autonomous institution established by the Reserve Bank of India (RBI) in 1996. It was set up as a society under the Societies Registration Act to serve as a center for research and development in banking technology. Since 2004, the Institute has been financially…
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RBI’s Digital Lending Directions, 2025 — A Regulatory Framework for Responsible Innovation
The Reserve Bank of India (RBI) has issued the Digital Lending Directions, 2025, to regulate the rapidly evolving digital lending ecosystem in India. Digital lending refers to the end-to-end automated loan process conducted remotely using digital platforms, encompassing customer acquisition, credit assessment, loan approval, disbursement, servicing, and recovery. While digital lending has significantly enhanced credit…
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What is Indian Financial Network or INFINET ?
The Indian Financial Network (INFINET) is a Closed User Group (CUG) Network for the exclusive use of Member Banks and Financial Institutions. It was set up by the Reserve Bank in 1999 through the Institute for Development and Research in Banking and Technology (IDRBT) Hyderabad. The Institute explored capability, methods, procedure to expand the network…
Why ‘SFMS’ is used for BG/LC and other trade finance messages?
The Ministry of Finance, Department of Financial Services Government of India in its letter dated 17th July 2012 had advised all the public sector banks that “No PSB can issue any LC or BG after 01.08.2012 except through SFMS system”. Further, the department has advised that the IFN 760 COY Bank Guarantee Message and IFN…
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