The Reserve Bank of India is putting in place a Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM), a web-based end-to-end workflow automation system, to strengthen compliance by supervised entities (SEs). This is aimed at helping supervised entities to strengthen their internal defences and resilience and bringing focus on root cause analysis (RCA).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
What is PRISM?
PRISM will have various functionalities (inspection; compliance; incident functionality for cybersecurity; complaints; and returns functionalities), with built-in remediation workflows, time tracking, notifications and alerts, management information system (MIS) reports and dashboards.
Important takeaways for all competitive exams:
The Election Commission of India has launched the powerful digital initiative which is the 'Know…
Honorable Union Minister of Science and Technology the Dr. Jitendra Singh has recently inaugurated the…
Recently the Newcastle Disease have spread rapidly the across several European countries and it created…
For the major breakthrough in the AI the Microsoft has introduced the new transcription model…
The Outer Space Treaty is the foundation of the international space law which was signed…
Indian Navy has inducted the its third nuclear-powered ballistic missile submarine which is INS Aridaman.…