Back to Career News

India to take a bold move by handing data to the people

January 14, 2020

India to take a bold move by handing data to the people

India, one of the most populated country, has more than 500 million internet users. 

India’s upmost banks considering the massive generation of data by daily users has decided to launch a system where users can have access to huge amounts of their financial data and can even share immediately. This approach is backed by the Reserve Bank of India.

This initiative aims at handling the control of data to consumers and associates with the open banking movement with Australia and Europe.

Recommended for you ...

Report: Growing Consumer Awareness Driving Changes in Insurance Industry
Report: Growing Consumer Awareness Driving Changes in Insurance Industry

April 18, 2024

RBI Introduces Draft Guidelines for Payment Aggregators to Enhance Regulations
RBI Introduces Draft Guidelines for Payment Aggregators to Enhance Regulations

April 18, 2024

Indian Banks Shine Among Top Performers in Asia-Pacific
Indian Banks Shine Among Top Performers in Asia-Pacific

April 18, 2024

Chat on WhatsApp