Connect with us

Hi, what are you looking for?

News

RBI sets up new unit to take care of new technologies

RBIThe Reserve Bank of India has is understood to have set up a separate unit to take care of its intellectual capital rights. The unit is expected to handle all the work relating to emerging technologies like blockchain, artificial intelligence and machine learning. It will also frame rules governing these technologies and supervise the design and research work. The central bank is of the view that as a regulator, it is its responsibility to explore new technologies and to derive benefit from these technologies, including large scale adoption of such technologies in the banking realm. It is also necessary in this context to preserve the IPR as well as identify possible loopholes while adopting these technologies on a large scale by the banking community in the country. The new unit is just the beginning and its structure and functions are expected to change in due course.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.