The Institute for Development and Research in Banking Technology (IDRBT) is building a next-generation Digital Financial Infrastructure named National Digital Financial Infrastructure (NADI). NADI would provide a roadmap and framework for future digital financial services growth in India.
About the NADI:
- NADI will consist of modern network infrastructure which includes 5G/Edge Cloud with SDNs (software-defined networking) for connecting to the critical data centre infrastructure at the back-end.
- IDRBT is an arm of the Reserve Bank of India (RBI).
- It will also have the middleware infrastructure for supporting both digital identity verification, digital identity assessment and digital asset management with the support of efficient digital ledger technologies and AI/ML technologies.”
Important takeaways for all competitive exams:
- IDRBT Headquarters location: Hyderabad;
- IDRBT Founded: 1996.