RBI to launch pilot on Public Tech Platform for frictionless credit: Soon, you will get loans in a few minutes; how it works
The Public Tech Platform for frictionless credit is an end-to-end digital platform that has been developed by the Reserve Bank Innovation Hub, a wholly-owned subsidiary of the central bank. The platform will also have an open architecture, open Application Programming Interfaces (APIs), and standards, to which all financial sector players can connect in a ‘plug and play’ model. During the pilot program, the platform will focus on products such as Kisan Credit Card loans, dairy Loans, MSME loans (without collateral)... Читать дальше...