Master Directions on IT Outsourcing Download Report The Reserve Bank of India (RBI) has recently updated its IT Outsourcing Services  policy, introducing a set of revised guidelines to fortify the security and resilience of information technology infrastructure within financial institutions. This comprehensive policy applies to banks, non-banking financial companies, and other regulated entities, providing them with a […]Read More

Mastering Market Competition: How Strategic Benchmarking Drives Digital Product Success In the bustling hub of India’s BFSI industry, a digital revolution is sweeping through financial institutions. Technologies like AI, blockchain, and cloud computing are reshaping the landscape, giving rise to digital innovations like mobile banking apps and online insurance platforms. Unlocking Business Growth: The Power […]Read More

Digital Personal Data Protection Act 2023 Download report Recently passed Digital Personal Data Protection Bill 2023 focused on legitimate concerns about how our data is managed and utilized. In recent years, the financial ecosystem has also undergone significant transformations, revolutionizing the way we access and use financial services. While the potential benefits of personal data […]Read More

Master Direction by RBI on Managing Risks and Code of Conduct in Outsourcing of Financial Services 2023 The Reserve Bank of India (RBI) has released a comprehensive draft master direction on managing risks and code of conduct in outsourcing of financial services for regulated entities (REs). This consolidates all existing guidelines into a single master […]Read More

RBI Overhauls KYC Norms for Robust Customer Due Diligence The Reserve Bank of India (RBI) recently unveiled a sweeping set of changes to Know Your Customer (KYC) guidelines that regulated entities (REs) must follow. The revised Master Direction on KYC seeks to comprehensively strengthen customer due diligence by financial institutions, NBFCs, fintechs, and other entities […]Read More

Navigating the Digital Personal Data Protection Act of 2023: Approach for REs and FinTech Companies Download Report The advent of the Digital Personal Data Protection Act (DPDPA) marks a pivotal moment for the Banking, Financial Services, and Insurance (BFSI) sector, underscoring the imperative of safeguarding personal data in an increasingly digitized landscape. This legislation imposes […]Read More

Charting the Course: Decoding RBI’s Master Direction on IT Governance, Risk, Controls & Assurance Practices The RBI released the Draft Master Direction on Information Technology Governance, Risk, Controls, and Assurance Practices on October 20, 2022. This follows the publication of the Draft Master Direction on Outsourcing of IT Services released on June 23, 2022. The […]Read More

Embracing the Era of Boundless Opportunities: Transition from Open Banking to Open Finance The financial industry has seen a significant shift in recent years with the advent of open banking, which allows third-party developers to access bank data through APIs (Application Programming Interfaces) and build innovative financial services. However, the evolution from open banking to […]Read More

Unlocking Success: Transforming Digital Products After Benchmarking In the dynamic world of digital products, change is the only constant. To stay ahead, one need to be a step ahead in responding to customers and the evolving market. That’s where benchmarking comes in – it’s like the secret weapon for product transformation. But once you’ve gathered […]Read More