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

engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

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 Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...

. Established by the

Reserve Bank of India Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...

(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. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

Research and development

Institute for Development and Research in Banking Technology entrance sign

The main focus of the institute is to conduct

applied research Applied science is the application of the scientific method and scientific knowledge to attain practical goals. It includes a broad range of disciplines, such as engineering and medicine. Applied science is often contrasted with basic science, ...

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.

Main areas of research

* Financial networks and applications * Electronic payments and settlement systems * 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, which also falls under and directly relates to the umbrella term, data sc ...

Research centers

Institute for Development and Research in Banking Technology courtyard

The Institute has the following six research centers for focused research and development directly relevant to the Indian Banking and Financial Sector.

Centre for Artificial Intelligence and Machine Learning

* Analytics Lab * Artificial Intelligence & Machine Learning Lab

Centre for Cyber Security & Data Privacy

* Cyber Security Lab * Ethical Hacking Lab * Digital Privacy Lab

Centre for Emerging Networks and Cloud Computing

* Networks Lab * Cloud Computing Lab * 5G & IoT Lab

Centre for Open and Digital Banking

* Mobile & Social Media Banking Lab * Banking Use Case Innovation Lab * Open Source Lab

Centre for Quantum Computing

* Quantum Safe Cryptography Lab * Quantum Communications Lab

Centre for Distributed Ledger & Innovation

* Distributed Ledger Technologies Lab * Digital Payments Lab

Research conferences

Every year, the institute organizes an international conference in an area of relevance to the institute. The conferences are intended to promote an exchange of the latest knowledge, experiences, research findings and technical know-how in

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

and its 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
(13 - 16 December 2021) * 12th Forum for Information Retrieval Evaluation
FIRE 2020
(16 - 20 December 2020) * 15th International Conference on Information Systems Security
ICISS
(16 - 20 December 2019) * Fifth IEEE International Conference on Identity, Security and Behavior Analysis
ISBA 2019
(22 - 24 January 2019) * Fifth International Conference on Mining Intelligence and Knowledge Exploration
MIKE 2017
(13 - 15 December 2017) * Eighteenth International Conference on Distributed Computing and Networking �
ICDCN 2017
(4 – 7 January 2017)
Fifth International Conference on Fuzzy and Neural Computing 2015
(17 –19 December 2015) * Tenth International Conference on Information Systems Security �
ICISS 2014
(18 – 20 December 2014)

Academic programs

IDRBT offers a range of academic programs, 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 the 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 ...

programs 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 programs are structured to prepare the top and middle-level management of Banks and other Financial Institutions for the future in technology banking. These executive development and education programs mainly focus on identifying the gaps in the skill requirements and providing training in those areas. The IDRBT provides holistic executive education through these programs, which cover the entire spectrum of technology applied in the banking and financial sectors. The institute offers over 100 programs 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 Forum

Contests

* IDRBT Banking Technology Excellence Awards * IDRBT Banking Application Contest * IDRBT Annual Doctoral Colloquium

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 the public key and information about it, informa ...

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 which is the international messaging system used f ...

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