• About Us
  • Contact Us
Current Date

  • Login
  • Register
B2B Market Media
Latest Event
  • Home
  • Fintech
    BillMart Fintech surpasses Rs 2,500 crore in disbursements to transform SME financing

    BillMart Fintech surpasses Rs 2,500 crore in disbursements to transform SME financing

    PB Fintech makes its debut in Dubai to expand its footprint

    PB Fintech makes its debut in Dubai to expand its footprint

    MobiKwik announces key leadership appointments to accelerate its operations

    MobiKwik announces key leadership appointments to accelerate its operations

    Techfino raises Rs 65 crore to scale secured MSME lending

    Techfino raises Rs 65 crore to scale secured MSME lending

    FlexiLoans bags Rs 375 crore in equity funding in Series C round

    FlexiLoans bags Rs 375 crore in equity funding in Series C round

    UGRO Capital to raise Rs 1,315 crore for MSME lending expansion

    UGRO Capital to raise Rs 1,315 crore for MSME lending expansion

  • BFSI
    Bartronics welcomes Panidapu Rao as Non-Executive Independent Director

    Bartronics welcomes Panidapu Rao as Non-Executive Independent Director

    Satin Creditcare to unveil women-led AIF for underserved MSMEs

    Satin Creditcare to unveil women-led AIF for underserved MSMEs

    Ujjivan SFB charts steady ascent with solid first quarter gains

    Ujjivan SFB charts steady ascent with solid first quarter gains

    Motilal Oswal Financial Services delivers record Rs1,430 crore PAT in Q1FY26

    Motilal Oswal Financial Services delivers record Rs1,430 crore PAT in Q1FY26

    Credit Access Grameen achieves record Q1 disbursements

    Credit Access Grameen achieves record Q1 disbursements

    LIC signs MoU with DoRD to promote Bima Sakhi Yojana in rural India

    LIC signs MoU with DoRD to promote Bima Sakhi Yojana in rural India

  • Education
    Logic School of Management and IAB unveil CIAP program to empower global accounting professionals

    Logic School of Management and IAB unveil CIAP program to empower global accounting professionals

    Veranda Learning Solutions reports robust FY25 performance

    Veranda Learning Solutions reports robust FY25 performance

    Punjab strengthening higher education with strategic reforms

    Punjab strengthening higher education with strategic reforms

    Technology and innovation shine at WEBCon 2025 in Chandigarh

    Technology and innovation shine at WEBCon 2025 in Chandigarh

    Driving academic excellence via examination reforms, digital transformation and global collaborations

    Exclusive | Globalisation in higher education: Making Indian universities world-class author 

    Exclusive | Globalisation in higher education: Making Indian universities world-class author 

  • Enterprise
    Indian firms witness 9.5 per cent jump in CXO hires in FY25: Venator Search Partners

    Indian firms witness 9.5 per cent jump in CXO hires in FY25: Venator Search Partners

    B2B Market Media | The Founder Media hosts Jury Meet for OOH Phoenix Awards 2025

    B2B Market Media | The Founder Media hosts Jury Meet for OOH Phoenix Awards 2025

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Bharti Airtel and Bajaj Finance join forces to build digital financial platform

    Abhinandan Narayan joins Revfin as Chief Business Officer

    Abhinandan Narayan joins Revfin as Chief Business Officer

    Swiggy elevates Sidharth Bhakoo as Chief Business Officer – Food Marketplace 

    Swiggy elevates Sidharth Bhakoo as Chief Business Officer – Food Marketplace 

    Usha Financial Services’s IPO sees strong demand, oversubscribes 1.31x on day one

    Nupur Recyclers reports strong Q2 FY25 financial performance, announces strategic expansion plans

  • Health
    SS Innovations celebrates Nasdaq debut with vision for global healthcare impact

    SS Innovations celebrates Nasdaq debut with vision for global healthcare impact

    Healerji to redefine holistic healing and wellness

    Healerji to redefine holistic healing and wellness

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    CCI approves acquisition of certain stake of Lenskart Solutions by Kedaara Capital Fund

    Bajaj Finserv Health acquires Vidal Health Care

    Perfios gets $229 million from Kedaara Capital

    Answer Genomics raises $500K in Pre-Series A Round from Inflection Point Ventures

    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

  • Pharma
    Kaisha Packaging’s Sycure AD bags Red Dot Award

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

  • Technology
    Compliance doesn’t mean compromise: How secure custody can enable regulatory confidence

    Compliance doesn’t mean compromise: How secure custody can enable regulatory confidence

    Nucleus Software welcomes Aabhinna Suresh Khare as its new CMO

    Nucleus Software welcomes Aabhinna Suresh Khare as its new CMO

    Investing in ideas that matter: Aeravti Ventures on nurturing DeepTech talent

    Investing in ideas that matter: Aeravti Ventures on nurturing DeepTech talent

    SS Innovations celebrates Nasdaq debut with vision for global healthcare impact

    SS Innovations celebrates Nasdaq debut with vision for global healthcare impact

    Poonawalla Fincorp introduces AI-backed regulatory response engine

    Poonawalla Fincorp introduces AI-backed regulatory response engine

    GoTrust raises $400K pre-seed funding to solidify data compliance offerings

    GoTrust raises $400K pre-seed funding to solidify data compliance offerings

  • Interviews
    Investing in ideas that matter: Aeravti Ventures on nurturing DeepTech talent

    Investing in ideas that matter: Aeravti Ventures on nurturing DeepTech talent

    Digital shift, local impact: How Janata Sahakari Bank is balancing legacy with innovation

    Digital shift, local impact: How Janata Sahakari Bank is balancing legacy with innovation

    Powering financial access in India

    Powering financial access in India

    Decimal Technologies scaling BFSI innovation with ‘no-code’ leadership

    Decimal Technologies scaling BFSI innovation with ‘no-code’ leadership

    Optimising FinTech with cloud: Faster, smarter and more secure

    Optimising FinTech with cloud: Faster, smarter and more secure

    Simplicity in technology makes life and business enjoyable

    Simplicity in technology makes life and business enjoyable

  • Events
  • Home
  • Fintech
    BillMart Fintech surpasses Rs 2,500 crore in disbursements to transform SME financing

    BillMart Fintech surpasses Rs 2,500 crore in disbursements to transform SME financing

    PB Fintech makes its debut in Dubai to expand its footprint

    PB Fintech makes its debut in Dubai to expand its footprint

    MobiKwik announces key leadership appointments to accelerate its operations

    MobiKwik announces key leadership appointments to accelerate its operations

    Techfino raises Rs 65 crore to scale secured MSME lending

    Techfino raises Rs 65 crore to scale secured MSME lending

    FlexiLoans bags Rs 375 crore in equity funding in Series C round

    FlexiLoans bags Rs 375 crore in equity funding in Series C round

    UGRO Capital to raise Rs 1,315 crore for MSME lending expansion

    UGRO Capital to raise Rs 1,315 crore for MSME lending expansion

  • BFSI
    Bartronics welcomes Panidapu Rao as Non-Executive Independent Director

    Bartronics welcomes Panidapu Rao as Non-Executive Independent Director

    Satin Creditcare to unveil women-led AIF for underserved MSMEs

    Satin Creditcare to unveil women-led AIF for underserved MSMEs

    Ujjivan SFB charts steady ascent with solid first quarter gains

    Ujjivan SFB charts steady ascent with solid first quarter gains

    Motilal Oswal Financial Services delivers record Rs1,430 crore PAT in Q1FY26

    Motilal Oswal Financial Services delivers record Rs1,430 crore PAT in Q1FY26

    Credit Access Grameen achieves record Q1 disbursements

    Credit Access Grameen achieves record Q1 disbursements

    LIC signs MoU with DoRD to promote Bima Sakhi Yojana in rural India

    LIC signs MoU with DoRD to promote Bima Sakhi Yojana in rural India

  • Education
    Logic School of Management and IAB unveil CIAP program to empower global accounting professionals

    Logic School of Management and IAB unveil CIAP program to empower global accounting professionals

    Veranda Learning Solutions reports robust FY25 performance

    Veranda Learning Solutions reports robust FY25 performance

    Punjab strengthening higher education with strategic reforms

    Punjab strengthening higher education with strategic reforms

    Technology and innovation shine at WEBCon 2025 in Chandigarh

    Technology and innovation shine at WEBCon 2025 in Chandigarh

    Driving academic excellence via examination reforms, digital transformation and global collaborations

    Exclusive | Globalisation in higher education: Making Indian universities world-class author 

    Exclusive | Globalisation in higher education: Making Indian universities world-class author 

  • Enterprise
    Indian firms witness 9.5 per cent jump in CXO hires in FY25: Venator Search Partners

    Indian firms witness 9.5 per cent jump in CXO hires in FY25: Venator Search Partners

    B2B Market Media | The Founder Media hosts Jury Meet for OOH Phoenix Awards 2025

    B2B Market Media | The Founder Media hosts Jury Meet for OOH Phoenix Awards 2025

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Bharti Airtel and Bajaj Finance join forces to build digital financial platform

    Abhinandan Narayan joins Revfin as Chief Business Officer

    Abhinandan Narayan joins Revfin as Chief Business Officer

    Swiggy elevates Sidharth Bhakoo as Chief Business Officer – Food Marketplace 

    Swiggy elevates Sidharth Bhakoo as Chief Business Officer – Food Marketplace 

    Usha Financial Services’s IPO sees strong demand, oversubscribes 1.31x on day one

    Nupur Recyclers reports strong Q2 FY25 financial performance, announces strategic expansion plans

  • Health
    SS Innovations celebrates Nasdaq debut with vision for global healthcare impact

    SS Innovations celebrates Nasdaq debut with vision for global healthcare impact

    Healerji to redefine holistic healing and wellness

    Healerji to redefine holistic healing and wellness

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    CCI approves acquisition of certain stake of Lenskart Solutions by Kedaara Capital Fund

    Bajaj Finserv Health acquires Vidal Health Care

    Perfios gets $229 million from Kedaara Capital

    Answer Genomics raises $500K in Pre-Series A Round from Inflection Point Ventures

    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

  • Pharma
    Kaisha Packaging’s Sycure AD bags Red Dot Award

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

  • Technology
    Compliance doesn’t mean compromise: How secure custody can enable regulatory confidence

    Compliance doesn’t mean compromise: How secure custody can enable regulatory confidence

    Nucleus Software welcomes Aabhinna Suresh Khare as its new CMO

    Nucleus Software welcomes Aabhinna Suresh Khare as its new CMO

    Investing in ideas that matter: Aeravti Ventures on nurturing DeepTech talent

    Investing in ideas that matter: Aeravti Ventures on nurturing DeepTech talent

    SS Innovations celebrates Nasdaq debut with vision for global healthcare impact

    SS Innovations celebrates Nasdaq debut with vision for global healthcare impact

    Poonawalla Fincorp introduces AI-backed regulatory response engine

    Poonawalla Fincorp introduces AI-backed regulatory response engine

    GoTrust raises $400K pre-seed funding to solidify data compliance offerings

    GoTrust raises $400K pre-seed funding to solidify data compliance offerings

  • Interviews
    Investing in ideas that matter: Aeravti Ventures on nurturing DeepTech talent

    Investing in ideas that matter: Aeravti Ventures on nurturing DeepTech talent

    Digital shift, local impact: How Janata Sahakari Bank is balancing legacy with innovation

    Digital shift, local impact: How Janata Sahakari Bank is balancing legacy with innovation

    Powering financial access in India

    Powering financial access in India

    Decimal Technologies scaling BFSI innovation with ‘no-code’ leadership

    Decimal Technologies scaling BFSI innovation with ‘no-code’ leadership

    Optimising FinTech with cloud: Faster, smarter and more secure

    Optimising FinTech with cloud: Faster, smarter and more secure

    Simplicity in technology makes life and business enjoyable

    Simplicity in technology makes life and business enjoyable

  • Events
No Result
View All Result
B2B Market Media
No Result
View All Result
Home BFSI

RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision

​​The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision over banks and NBFCs. For this purpose, the central bank plans to hire external experts.

by
3 years ago
in BFSI, Fintech, Technology
A A
0
RBI response sought on PIL seeking uniform banking code for forex transactions
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers, McKinsey and Boston Consulting Group (India), to use artificial intelligence and machine learning for supervisory functions.

The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision over banks and NBFCs. For this purpose, the central bank plans to hire external experts.

In September this year, the RBI invited expressions of interest (EoI) for engaging consultants for use of advanced analytics, artificial intelligence and machine learning for generating supervisory inputs.

Based on the scrutiny/evaluation set out in the EOI document, the central bank has shortlisted seven applicants for participating in the request for proposal process (RFP) for the selection of consultant(s), according to an RBI document.

The seven firms are Accenture Solutions Private Limited; Boston Consulting Group (India) Pvt Ltd; Deloitte Touche Tohmatsu India LLP; Ernst and Young LLP; KPMG Assurance and Consulting Services LLP; McKinsey and Company; and Pricewaterhouse Coopers Pvt Ltd.

While the RBI is already using AI and ML in supervisory processes, it now intends to upscale it to ensure that the benefits of advanced analytics can accrue to the Department of Supervision in the central bank.

The Department of Supervision has been developing and using linear and a few machine-learnt models for supervisory examinations.

The interest now is to explore the data to identify its attributes that can be leveraged to generate new and improved supervisory inputs, said the EoI issued in September.

The supervisory jurisdiction of the RBI extends over banks, urban cooperative banks, NBFCs, payment banks, small finance banks, local area banks, credit information companies and select all Indian financial institutions.

It undertakes supervision of these entities with the objective of assessing their financial soundness, solvency, asset quality, governance framework, liquidity, and operational viability to protect depositors’ interests and financial stability.

The RBI undertakes continuous supervision of SEs with the help of on-site inspections and off-site monitoring, the EoI said.

Across the world, regulatory and supervisory authorities are using machine learning techniques (commonly referred to as ‘suptech’ and ‘regtech’) for assisting supervisory and regulatory activities, it added.

Most of these techniques are still exploratory, however, they are rapidly gaining popularity and scale.

On the data collection side, AI and ML technologies are used for real-time data reporting, effective data management and dissemination.

For data analytics, these are being used for monitoring supervised firm-specific risks, including liquidity risks, market risks, credit exposures and concentration risks; misconduct analysis; and mis-selling of products.

0Like
0Dislike
50% LikesVS
50% Dislikes
Source: Economic Times
Tags: AI-MLBCGbfsiFintechMcKinseyPwCrbitechnology
Previous Post

UGC new draft norms: UG ‘honours’ degree only after completing 4 years and not three

Next Post

Borrowers don’t have to be told individually about change in rates: Consumer court

Related Posts

Bartronics welcomes Panidapu Rao as Non-Executive Independent Director
BFSI

Bartronics welcomes Panidapu Rao as Non-Executive Independent Director

25/07/2025
Satin Creditcare to unveil women-led AIF for underserved MSMEs
BFSI

Satin Creditcare to unveil women-led AIF for underserved MSMEs

25/07/2025
Ujjivan SFB charts steady ascent with solid first quarter gains
BFSI

Ujjivan SFB charts steady ascent with solid first quarter gains

25/07/2025
Next Post
Borrowers don’t have to be told individually about change in rates: Consumer court

Borrowers don't have to be told individually about change in rates: Consumer court

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Bartronics welcomes Panidapu Rao as Non-Executive Independent Director

Bartronics welcomes Panidapu Rao as Non-Executive Independent Director

25/07/2025
Satin Creditcare to unveil women-led AIF for underserved MSMEs

Satin Creditcare to unveil women-led AIF for underserved MSMEs

25/07/2025
Ujjivan SFB charts steady ascent with solid first quarter gains

Ujjivan SFB charts steady ascent with solid first quarter gains

25/07/2025
Motilal Oswal Financial Services delivers record Rs1,430 crore PAT in Q1FY26

Motilal Oswal Financial Services delivers record Rs1,430 crore PAT in Q1FY26

25/07/2025
Subscribe to our Newsletter
johnsmith@example.com
B2B Market Media

B2B Market Media emerges as your trusted partner for forging connections and fueling breakthroughs. Our mission is simple: to bridge the gap among industry leaders, innovators and decision-makers across sectors like Banks, Education, Urban Cooperative Banks, NBFCs & MFIs, and Insurance Companies.

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Refund Policy
  • Terms and Conditions

All News

  • BFSI
  • Edtech
  • Education
  • Enterprise
  • Financial Inclusion
  • Fintech
  • Health
  • Interviews
  • Pharma
  • Startup
  • Technology
  • Uncategorized

Follow Linkedin Newsletter to receive latest news & events updates. Let’s stay updated!

Subscribe on LinkedIn
  • About Us
  • Contact Us

© 2023 b2bmarketmedia

No Result
View All Result
  • Home
  • About Us
  • Upcoming Events
  • Fintech
  • BFSI
  • Education
  • Technology
  • Startup
  • Enterprise
  • Pharma
  • Contact Us
  • Login
  • Sign Up

© 2023 b2bmarketmedia

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In