MUMBAI, India, Jan. 9 -- Reserve Bank of India issued the following speech:
Good morning and Namaskar. It is my privilege to address the third annual global conference of the College of Supervisors.
2. Advancement in technology is impacting all spheres of human activity - personal, business and public. Financial system is no exception. Technology has revolutionised banking over the years. Yet, today's landscape is distinct - the pace and scale of change are unprecedented. Technology has introduced new products, partners, and processes.
3. Digitalisation is widening access, enhancing efficiency, improving convenience, and enabling far more tailored financial services. At the same time, it is reshaping the nature and scale of risks. It is ...