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RBI UCBs Security Compliance Audit

RBI UCBs SECURITY COMPLIANCE AUDIT Introduction With the revision of its original release on October 19, 2018, RBI improved the Cyber Security Framework for Urban Cooperative Banks (UCBs). The main purpose of conducting this audit is to identify weaknesses and security gaps, periodic inspections of the infrastructure and assets

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NPCI UPI Compliance Audit

NPCI UPI Compliance Audit Introduction The National Payments Corporation of India (NPCI) developed the Unified Payments Interface (UPI), an immediate real-time payment system, to streamline interbank transactions. The interface, which is governed by the RBI, allows for the immediate transfer of money between two bank accounts via a mobile

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RBI PSS Compliance Audit

RBI PSS Compliance Audit Introduction Issues concerning the security of consumer data and the accountability of the service providers responsible for facilitating such transactions have grown significantly with the rising popularity of cashless transactions. Hence, the Reserve Bank of India has established a framework for the payment system providers

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RBI PPI COMPLIANCE AUDIT​

RBI PPI Compliance Audit

RBI PPI Compliance Audit Introduction The digital ways of transactions, particularly e-wallet services, have gained momentum with the invention of the digitization of payment methods in India. how utilising these internet payment methods for regular people became riskier. For consumers to make payments using the correct risk-free transaction techniques,

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RBI NBFC P2P Compliance Audit

RBI NBFC P2P Compliance Audit Introduction Peer-to-peer lending, or P2P lending, is the practice of lending money to people or businesses through online services that connect lenders with borrowers. On August 24, 2017, the RBI issued a Notification that every Non-Banking Financial Company that conducts business with P2P platforms

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RBI NBFC Compliance Audit

RBI NBFC Compliance Audit Introduction The RBI has issued master guidelines and instructions for non-banking financial services companies to identify and address operational risks and weaknesses. The desire and necessity for reducing the cyber dangers resulting from the increasing technology adopted by big organizations is the key driver behind

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RBI NBFC AA Compliance Audit

RBI NBFC AA Compliance Audit Introduction Account aggregation, often referred to as financial data aggregation, is a process that involves gathering data from several accounts, such as investment accounts, bank accounts, credit card accounts, and other corporate or consumer accounts, and putting it in one location. In 2016, RBI unveiled

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