It will enable real-time intel sharing among banks and other financial sector participants to strengthen customer protection against digital fraud.Illustration: Dominic Xavier/Rediff Similar to the role played by the National Payments Corporation of India (NPCI) in transforming the country's digital payments landscape, plans are underway to create a dedicated intelligence infrastructure company -- the Indian Digital Payment Intelligence Corporation (IDPIC).This entity will enable real-time intelligence shar ...

This was discussed at the 30th meeting of the Standing Advisory Committee (SAC) to review the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector, held in Coimbatore on October 27.Addressing the challenges of information asymmetry, financial literacy gaps, and delayed payments, the deputy governor underscored the need to promote wider adoption of digital solutions like TReDS, encourage alternative credit assessment models, and ensure fair, transparent, and empathetic lending practices f ...