MTech IT Placements 2013.pdf - IDRBT

ABOUT IDRBT
The Indian Banking and Financial Sector has
considerably modernized the use of Information
Technology over the last two decades. The Institute
for Development and Research in Banking
Technology (IDRBT) has played a vital role in this
journey by providing inter-bank services.
IDRBT was established by the Reserve Bank of India in
March 1996, as an autonomous body. The Institute
pioneers the modernization process by introducing
Information Technology to the Indian Banking and
Financial Sector. IDRBT has taken the lead – from
anticipating the technology requirements,
developing solutions to creating and customizing IT
and IT infrastructure for the benefit of the Indian
Banking and Financial Sector. The Institute plays a
catalytic role in ensuring that technology is leveraged
to the maximum to enhance productivity, customer
satisfaction and to offer innovative and value-added
services in tune with the global trends in the BFSI
sector.
In a short span, the IDRBT has created the nationwide
communication backbone for the Indian banking
industry – the INdian FInancial NETwork (INFINET)
and setting up of the National Financial Switch (NFS)
(now a part of the NPCI). IDRBT is also a Certifying
Authority (CA) under the IT Act 2000, which issues
Digital Certificates to the banking industry, to
facilitate inter-bank communication in the country.
Subsequently, the Institute launched the framework
of Structured Financial Messaging System (SFMS), in
order to suffice the need for a secure and common
messaging system for intrabank and interbank
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M.Tech.(IT) Placements 2013