Former Infosys Chief Senapathy Gopalakrishnan roped in as Chairperson of RBI's Innovation Hub
By MYBRANDBOOK
In August, the Reserve Bank of India announced that it will set up an innovation hub for accelerating innovation in the financial sector through effective use of technology. For the Reserve Bank Innovation Hub (RBIH), the central bank has roped in former Infosys Chairman and co-founder, Senapathy Gopalakrishnan as its first Chairperson.
Presently, he is the Chief Mentor of Start-up Village, an incubation hub for start-ups.
The governance council of RBIH composes prominent scientists, academicians, regulators and former executives of the banking sector.
“The Reserve Bank in its Monetary Policy Statement…the Bank will set up to promote innovation across the financial sector by leveraging on technology and creating an environment which would facilitate and foster innovation,” the central bank said.
RBIH would be guided and managed by a governing council led by a Chairperson, the central bank said.
The appointed members include ex-NPCI CEO A P Hota, ex-Syndicate Bank CMD Mrutyunjay Mahapatra and ex-RBI ED T. Rabi Sankar among others. The chief executive is yet to be appointed
Apart from the innovation hub, the central bank has also gone live with the testing of applications for regulatory sandbox which was delayed by several months due to the coronavirus pandemic, said RBI.
An ecosystem focusing on promoting access to financial services and products should be created by RBIH, said RBI and also added "this will also promote financial inclusion".
The Hub will collaborate with financial sector institutions, technology industry and academic institutions and coordinate efforts for exchange of ideas and development of prototypes related to financial innovations.
It would develop internal infrastructure to promote fintech research and facilitate engagement with innovators and start-ups.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
Acuutech continues to focus on innovation, customer focus and
Acuutech with its strong partnership with Lenovo and Microsoft forayed into
India continues to be a key contributor in Hitachi Vantara’s
The brand strategy of Hitachi Vantara is tied to further expanding the Hita
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
QUICK HEAL TECHNOLOGIES PVT. Ltd.
HAVELLS INDIA LTD.
CP PLUS INDIA PVT. LTD.
SAFE SECURITY SERVICES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Madhabi Puri Buch
Madhabi Puri Buch is the chairperson of the securities regulatory body...
Technology Icons Of India 2023: Harsh Jain
Harsh Jain is an Indian Entrepreneur, the co-founder and CEO of the In...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
PARTNER SPEAKERS
PSU
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
NPCI leading India towards Digital payments
The National Payments Corporation of India (NPCI) is an initiative tak...
HPCL is transforming the energy landscape, across the nation and beyond
HPCL is world-class energy company known for caring and delighting the...
VIDEOS
Top 25 Brands
Value-Added Distribution
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
