Banks may be vulnerable to strong inertia in adapting new technology: RBI DG Rabi Sankar

Reserve Bank of India Deputy Governor T. Rabi Sankar | Photo credit: The emergence of new financial technology companies (fintechs) in the payment innovation space has exposed the banking system’s Achilles heel that banks can be vulnerable to strong inertia in adapting to new technology, Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar […]