Page 53 - ASR_Forewords

Explore, Enable, Excel

From the Director's Desktop...

An Eventful Period

T is with great satisfaction, I recollect some of the
Iimportant events at IDRBT during the previous
month – April.

The first IDRBT Banking Apps Contest (IBAC) and the
second CIOs Forum meeting were held on April 11
and 12. The idea was to bring the innovations from
the participants of IBAC to the banks' CIOs. The
contest attracted entries from across the country.
There were several useful, interesting and innovative
entries. Nine shortlisted teams showcased their ideas
to an eminent jury and the banks’ CIOs.

IDRBT BankTech Museum opened for visitors from
April 28, 2016. The museum has been designed and
developed around digital experience. Visitors can not
only feel the evolution of technology through the
audio-video experience, but can also learn the
current and future direction of technology banking.
presentations to an eminent jury on June 24. Top
On the very next day, the Director, National Institute executives from RBI are expected to be present for the
of Technology, Tiruchirapalli (NITT) visited IDRBT to presentations and give away prizes. In order to take
sign a memorandum of understanding (MoU) with the innovations closer to banks, the first conclave on
the Institute. The MoU envisages Ph.D. students from banking technology for Executive Directors of Banks
NITT to work full-time with the faculty of IDRBT. It is a is planned on June 24 and 25.
sequel to the already signed MoU with NIT, Warangal.
It is also planned to release a booklet of interesting
The Institute is slowly emerging as a place for
innovations during the function. In addition, a
research scholars from reputed institutes beyond
security checklist, being prepared by a group of
Hyderabad.
bankers, industry experts and academicians is also
As I recollect these events, I start thinking about the planned to be released during the same period. The
events lined up during the next month – June. checklist is expected to serve as a reference for
implementation of best practices in security in banks.
At the behest of Reserve Bank of India (RBI), the
Institute announced Payment System Innovation The next month looks as exciting as the previous
Contest (PSIC), which drew over 100 entries, a few of month. That is what all at IDRBT are striving for – to
them from outside the country. An expert external bring technology from research centres closer to
committee shortlisted 12 participants to make implementation in banks.

(Dr. A. S. Ramasastri)

01 Fast Forward | May 2016