RBI’s innovation hub will be led by Infosys co-founder and veteran investor Kris Gopalakrishnan
Nov 17, 2020, 18:13 IST
- India’s central bank Reserve Bank of India has officially set up its innovation hub to boost financial technology startups in the country.
- Kris Gopalakrishnan, the co-founder of Infosys and founder of Axilor Ventures, has been appointed as the Chairperson of the hub.
- The RBI also announced the first cohort of its Regulatory Sandbox with two startups – Natural Support Consultancy Services and Nucleus Software Exports.
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India’s central bank Reserve Bank of India has officially set up its innovation hub to boost financial technology startups in the country. In an official statement the central bank said that the Reserve Bank Innovation Hub (RBIH) will promote innovation across the financial sector by leveraging technology and creating an environment that would facilitate and foster innovation.“It would develop internal infrastructure to promote fintech research and facilitate engagement with innovators and start-ups,” said the RBI.
Kris Gopalakrishnan, co-founder of Infosys and founder of Axilor Ventures who is also the Chief Mentor of Start-up Village – an incubation centre for startups, has been appointed as the Chairperson of the hub, while a CEO is yet to be appointed.
Other members of RBIH
Prof. Ashok Jhunjhunwala | Institute Professor, IIT, Madras |
Prof. H. Krishnamurthy | Principal Research Scientist, IISc., Bengaluru |
Gopal Srinivasan | CMD, TVS Capital Funds |
A.P. Hota | Former CEO, National Payments Corporation of India |
Mrutyunjay Mahapatra | Former CMD, Syndicate Bank |
T. Rabi Sankar | Executive Director, RBI (ex-officio) |
Deepak Kumar | CGM, Department of Information Technology, RBI (ex-officio) |
K. Nikhila | Director, Institute for Development & Research in Banking Technology, Hyderabad (ex-officio) |
The RBI also opened the first cohort of its Regulatory Sandbox with two startups – Natural Support Consultancy Services and Nucleus Software Exports. The cohort will see the startups begin testing their products under the RBI’s guidance.
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