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IDRBT BUILDING NATIONAL DIGITAL FINANCIAL INFRASTRUCTURE (NADI)

IDRBT BUILDING NATIONAL DIGITAL FINANCIAL INFRASTRUCTURE (NADI)

Context

Institute for Development and Research in Banking Technology (IDRBT) is building National Digital Financial Infrastructure (NADI).

Details

  • It is a next-generation Digital Financial Infrastructure .
  • Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India (RBI).
  • National Digital Financial Infrastructure (NADI) would provide a roadmap and framework for future digital financial services growth in the country.
  • It will consist of modern network infrastructure which includes 5G/Edge Cloud with SDNs (software defined networking) for connecting to the critical data centre infrastructure at the back-end.
  • It will also provide for development and deployment of financial applications by banks and other financial institutions.

About Institute for Development and Research in Banking Technology (IDRBT)

  • It is an engineering training institution exclusively focused on banking technology.
  • Established by the Reserve Bank of India (RBI) in 1996, the institution works at the intersection of banking and technology.
  •  It is located in Hyderabad, India.

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