RBI data centre to strengthen payment systems, cyber resilience
Reported by Economic Times Industry, not nibnow. We are not the publisher of this story, only the source is.
The new data centre aims to improve the reliability of major Indian payment systems like RTGS and NEFT while reducing dependence on external cloud providers. This move is intended to strengthen the cyber resilience of the country's financial infrastructure.
The Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on third-party cloud providers. Prime Minister Narendra Modi also inaugurated a cybersecurity training institute, which will develop expertise in emerging technologies. The data centre will support critical systems like RTGS and NEFT for efficient financial transactions.
The Reserve Bank of India is the central banking institution of the country, responsible for managing monetary policy and overseeing the stability of the financial system. RTGS and NEFT are primary electronic funds transfer systems used for domestic transactions in India.
- •How the new data centre impacts the speed and uptime of RTGS and NEFT transactions.
- •The progress of the cybersecurity training institute in developing local expertise in emerging technologies.