The latest issue of FinWrap is out!
As India’s robust Fintech ecosystem continues to see new developments, this issue of our monthly newsletter covers the industry’s latest developments and key RBIH updates!
Frictionless Credit for Every Citizen in India
We are pleased to announce the launch of the pilot project for Public Tech Platform for Frictionless Credit under the guidance of Reserve Bank of India (RBI).
Financial Services Innovation for Bharat Report is out now!
This report sheds light on the pivotal role of innovative financial strategies in empowering and uplifting communities across the rural and semi-urban parts of our nation. It discovers interesting, unintuitive patterns, ultimately identifying six key friction points that need to be addressed to enhance financial accessibility.
RBIH hosted the Swanari TechSprint Award Ceremony
Winners of the Swanari TechSprint working towards enhancing access, usage and quality of credit for women entrepreneurs were felicitated on December 11th 2023!
Our Focus Areas
With a commitment to continuous innovation, RBIH is helping reshape the Indian financial sector by undertaking high-impact projects in the following key areas:
Incubation
We are committed to fostering the growth and success of fintech start-ups in India. The nation, today, is brimming with innovative ideas and entrepreneurial spirit, and we aim to create an environment that nurtures these budding ventures.
Tech for the next half billion
A strengthened economy is an inclusive economy. Our two-pronged focus on technology – enabling frictionless credit and driving consumer experience – is designed to shape the future of the country’s financial ecosystem.
Gender & Finance
The participation and representation of various groups of people is critical to building an inclusive economy. With Gender-intentional Finance, and Women-centric Design Thinking, we are leading the way in building an equitable financial system.
Emerging Tech
To accelerate adoption of emerging technology in the financial sector by demonstrating its benefits. Leading with AI-first finance and digital transformation, this focus area is redefining consumers’ experience with finance.
Our Work
Frictionless Credit
Public Tech Platform for Frictionless Credit
The Platform enables the delivery of frictionless credit by facilitating seamless flow of required digital information to lenders.
End-to-End Digitalisation of Cattle Finance
Unlocking frictionless farm credit for 75 million dairy farmers in India through digitalisation of the cattle financing processes.
End-to-end Digitalisation of KCC Lending
Interoperable Distributed Ledger Technology Pilot
A first-of-its-kind POC demonstrating the capabilities of an interoperable DLT platform for a common use case with 11 participating banks.
Swanari Project
Bringing together partners to innovate for low-and-middle-income women and women-owned enterprises
in India.
Insights
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Podcast
CREDIT
| 10 Sep
Shri. Shaktikanta Das announces Public Tech Platform for Frictionless Credit Delivery
RBI Innovation Hub to setup FinTech Repository by Apr'24
Reserve Bank of India governor Shaktikanta Das on Friday announced setting up a FinTech Repository which would be developed by the Reserve Bank Innovation Hub. He said it would be operationalised by RBIH by April 2024, or earlier.
Overcoming Challenges in Accessing Formal Credit
In the ever-evolving landscape of Indian entrepreneurship, women are achieving remarkable strides, contributing to both economic growth and societal transformation. However, securing formal credit remains a recurring challenge. In a recent Swanari dialogue session conducted by RBIH, we engaged with 15 inspiring women entrepreneurs who shared their candid experiences – challenges and insights during the loan disbursement journey.