Reserve Bank Innovation Hub
The RBIH provides a trusted platform for informed collaboration and cooperation.
AIM of the RBIH
- We aim to foster and evangelize innovation across the financial sector to enable access to suitable, sustainable financial products to a billion Indians in a secure friction-less manner.
- In addition, RBIH would create internal capabilities by building applied research and expertise in the latest technology.
- The hub will collaborate with financial sector institutions, policy bodies, the technology industry, and academic institutions and coordinate efforts for exchange of ideas and development of prototypes related to financial innovations.
Reserve Bank Innovation Hub ( RBIH ) – Subsidiary of RBI
- The reserve bank innovation hub is wholly subsidiary of the Reserve Bank of India set up to promote facilitate an environment that provides accelerates innovation in the financial sector.
- RBIH will provide the platform to anchor a shared vision among all financial ecosystem stakeholders and aid them in crafting forward-looking innovation strategies while addressing the most pressing issues in the Indian financial sector.
- The organization serves as a focal point to position India as a global innovation hub for a network of financial services providers, fintech innovation hubs, policymakers, technologists, academia, and the investor community.
- The network will be empowered to ideate, incubate new capabilities, and enable access to sustainable, secure, and frictionless financial services for over a billion Indians.
For more details : rbihub.in