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IDRBT is Building National Digital Financial Infrastructure (NADI)

Published on May 17, 2021
Current Context: The Institute for Development and Research in Banking Technology (IDRBT), which is an arm of the Reserve Bank of India is in the process of building a next-generation
IDRBT is Building National Digital Financial Infrastructure (NADI)
Digital Financial Infrastructure named National Digital Financial Infrastructure (NADI).
  • The NADI would grant a roadmap for future digital financial services growth in India.
  • It will be based on 5G/Edge Cloud with SDNs (software defined networking) which will connect critical data centre infrastructure at the back-end.
  • The NADI will be owned by GOI. The GOI will be able to monitor and control financial activity and grant security through NADI’s network.
  • It will protect the network and its data from getting hacked in events of counter-attacks by separating financial network traffic from other traffic with clear entry points.
  • The digital identity verification will be performed by the middleware infrastructure of NADI. This will thus support digital identity assessment and digital asset management with technical support of AI and MI tools.
  • Static Part:
    • HQ of IDRBT: Hyderabad, Telangana
    • Director: D. Janakiram

Question: 

Q.1 Which of the following organisation to launch National Digital Financial Infrastructure (NADI)?
a. Industrial Finance Corporation of India (IFCI)
b. Institute for Development and Research in Banking Technology (IDRBT)
c. Export-Import Bank of India (Exim Bank)
d. Small Industries Development Bank of India (SIDBI)
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