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The Economic Times
The Economic Times
Business

Banks’ biggest risks may now sit inside their tech stack: RBI Deputy Governor Rohit Jain

Rohit Jain RBI Architecture Cybersecurity

Technology is no longer just an enabler for banks but is becoming the very architecture through which their risks are created and managed, RBI Deputy Governor Rohit Jain said on Thursday, warning that a failure in a critical technology system can disrupt essential financial services even when a bank remains financially sound.

“Technology is no longer solely an enabler of banking. Technology architecture is becoming the risk architecture of a bank,” Jain said at the SBI Banking Conclave.

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