The Institute for Development & Research in Banking Technology (IDRBT) is an

engineering Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...

training institution exclusively focused on

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

technology Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, scie ...

. Established by the

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...

(RBI) in 1996, the institution works at the intersection of banking and technology. It is located in

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

India India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the ...

Research and development

The main focus of the institute is conducting

applied research Applied science is the use of the scientific method and knowledge obtained via conclusions from the method to attain practical goals. It includes a broad range of disciplines such as engineering and medicine. Applied science is often contrasted ...

and experimental development in the area of banking technology. The research at the institute is directed primarily towards a specific practical objective that will serve the banking and financial sector. Accordingly, the research and development activities of the institute aim at improving banking technology in India. While addressing the immediate concerns of the banking sector, the research at the institute also focuses on anticipating the future needs and requirements of the banking sector and developing technologies to address them.

Focal areas of research

* Financial Networks and Applications * Electronic

Payments and Settlement Systems A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfill a legal obligation. The party making the p ...

* Security Technologies for the Financial Sector * Financial Information Systems and

Analytics Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data. It also entails applying data patterns toward effective decision-making. It ...

Research centres

The institute has set up state-of-the-art research centres for aiding and enabling applied research. Presently, the Institute has the following six Research Centres for focused research and development directly relevant to the Indian Banking and Financial Sector

Research conferences

The institute organises a good international conference, in an area of relevance to the institute, every year to promote exchange of the latest knowledge, experiences, research findings and technical know-how so as to attain and sustain international standards of excellence in banking technology. The main idea is to bring to the country the latest research findings in various facets of Information Technology so that the relevant ideas can be explored further and considered for application in the Indian banking and financial sector. During the last seven years, the institute organized the following three conferences: * 15th IEEE International Conference on Advanced Network and Telecommunications Systems
ANTS 2021
(December 13 - 16, 2021) * 12th Forum for Information Retrieval Evaluation
FIRE 2020
(December 16 - 20, 2020) * 15th International Conference on Information Systems Security
ICISS
(December 16 - 20, 2019) * Fifth IEEE International Conference on Identity, Security and Behavior Analysis
ISBA 2019
(January 22 - 24, 2019) * Fifth International Conference on Mining Intelligence and Knowledge Exploration
MIKE 2017
(December 13 - 15, 2017) * Eighteenth International Conference on Distributed Computing and Networking �
ICDCN 2017
(January 4 – 07, 2017)
Fifth International Conference on Fuzzy and Neural Computing 2015
(December 17 –19, 2015) * Tenth International Conference on Information Systems Security �
ICISS 2014
(December 18 – 20, 2014)

Academic programmes

IDRBT offers a range of academic programmes, designed specifically to meet both the existing and emerging human resources of the Indian banking and financial sector. These include: * IDRBT Ph. D. Programme * Postgraduate Diploma in Banking Technology (PGDBT) * M. Tech. Programme with University of Hyderabad * Certificate Course in Ethical Hacking

Executive education

Training Training is teaching, or developing in oneself or others, any skills and knowledge or fitness that relate to specific useful competencies. Training has specific goals of improving one's capability, capacity, productivity and performance. I ...

programmes form an inherent part of IDRBT's initiatives in aiding technology absorption in the Indian banking and financial sector and keeping it abreast with the developments taking place in technology. The institute's programmes are structured in a way to prepare the top and middle-level managements of Banks and other Financial Institutions for the future in technology banking. These executive development and education programmes mainly focus on identifying the gaps in the skill requirements and then provide training in those areas. The IDRBT provides holistic executive education through these programmes that cover the entire spectrum of technology which is applied in banking and financial sector. The institute offers over 100 programmes that train over 2500 bankers every year.

Banking forums

* Indian Banks’ Chief Information Officers (CIO) Forum * Chief Information Security Officers (CISO) Forum * Chief Analytics Officers (CAO) Forum * FinTech ForumFintech Forum

Contests

* IDRBT

Banking Technology A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Excellence Awards * IDRBT

Banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

Application Contest * IDRBT Annual Doctoral Colloquium

IDRBT Banking Technology Excellence Awards

With the objective of instilling healthy competition and widening the reach of technology adoption and absorption in a faster way among all the banks, the institute constituted the IDRBT Banking Technology Excellence Awards in 2001. The awards are a recognition bestowed on the banks which have implemented and improved the use of technology at all the fronts of banking activities for enhancing customer service as well as ease of doing banking. The awards are presented keeping in view a particular aspect of technology implementation which changes year-by-year. There are various categories which focus on

cyber security Computer security, cybersecurity (cyber security), or information technology security (IT security) is the protection of computer systems and networks from attack by malicious actors that may result in unauthorized information disclosure, th ...

financial inclusion Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and service ...

, IT infrastructure,

IT risk management IT risk management is the application of risk management methods to information technology in order to manage IT risk, i.e.: :''The business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an ...

, etc. These technology awards honour the best banks of the Indian banking and financial sector. The awards are presented by the governor of the Reserve Bank of India every year.

IDRBT Banking Application Contest

To bank on the popularity of apps development, and bring in new and useful app innovations in the Indian banking and financial sector, the institute launched the IDRBT Banking Application Contest (IBAC) in 2016. The IDRBT Banking Application Contest (IBAC) aims to serve two key purposes – Indian banking and financial community benefits from the innovative ideas from the best tech talent in the country, and the Gen Next gets an opportunity to showcase their tech talent through this platform.

IDRBT Annual Doctoral Colloquium

IDRBT certifying authority

IDRBT is the certifying authority (CA) for the Indian banking and financial sector, licensed by the Controller of Certifying Authorities, Government of India, under IT Act 2000. The CA issues

digital certificate In cryptography, a public key certificate, also known as a digital certificate or identity certificate, is an electronic document used to prove the validity of a public key. The certificate includes information about the key, information about th ...

s aimed to facilitate speedy and cost-effective digital transactions. These certificates are used by the RBI, banks and other financial institutions to exchange electronic messages between banks ensuring authenticity, integrity, non-repudiation and confidentiality. The CA services are aimed at facilitating. So far, more than 2,00,000 digital certificates have been issued by the CA.

The Indian Financial Technology and Allied Services (IFTAS)

With a view to provide focused attention and enable development of techno-banking in the country, the institute has promoted a new Section 8 company named The Indian Financial Technology and Allied Services (IFTAS). Headquartered in Mumbai, the mandate of the IFTAS is to provide IT-related services to the RBI, banks and other financial institutions. Services like Indian Financial Network (INFINET),

Structured Financial Messaging System Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. It is an Indian standard similar to SWIFT (Society for World-wide Interbank Financial Telecommu ...

(SFMS) and the Indian Banking Community Cloud (IBCC) have been handed over to IFTAS with effect from April 1, 2016.

References

{{Authority control Banking institutes Research institutes in Hyderabad, India Think tanks established in 1996 Reserve Bank of India 1996 establishments in Andhra Pradesh