Indian Financial Technology & Allied Services (IFTAS) has announced the new Chairman T Rabi Sankar of the organization. IFTAS is a wholly owned subsidiary of Reserve Bank of India.
With a view to provide focused attention and enable development of Technology 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 (SFMS) and the Indian Banking Community Cloud (IBCC) have been handed over to IFTAS with effect from April 1, 2016
IFTAS new Chairman T Rabi Sankar IFTAS new Chairman T Rabi Sanka