IDRBT sets up info assurance centre

Centre being set up in collaboration with State University of New York at Buffalo

Reserve Bank of India governor D Subbarao today launched Centre for Information Assurance and Management at the Institute for Development and Research in Banking Technology (IDRBT) here.

The centre is being set up in collaboration with the State University of New York at Buffalo, which will serve as the one-stop resource for all information assurance and management technology.

IDRBT has also launched a pilot project on cloud computing as a community cloud for Indian banks to provide infrastructure as a service. So far Andhra Bank, Syndicate Bank, Allahabad Bank, Canara Bank, Corporation Bank and Bank of India are a part of this project.

Technology excellence awards
The RBI governor also gave away the annual IDRBT banking technology awards for the year 2012-13 on Friday. Best bank award for use of technology for financial inclusion was bagged by the SBI followed by a special award under this category that went to Union Bank of India.

Karur Vysya Bank won the best bank award for electronic payment systems among small banks. The awards were given away under 15 categories, including mobile banking, electronic payment systems, customer management and business intelligence and managing IT risk.