(IB C)
Launched by
Dr. D. Subbarao
Governor
Reserve Bank of India
IBTC – Technology for Banking
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Indian Banks’ Technology Consortium
 RBI
Working Group on Information
Security, Electronic Banking, Technology
Risk Management and Tackling Cyber
Fraud recommended
formation of
Technology Consortium under the aegis
of IDRBT
IBTC – Technology for Efficiency
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Indian Banks’ Technology Consortium
 Established by IDRBT to work with
 Indian banks
 Academic institutions
 Industry bodies &
 Outstanding professionals
IBTC – Technology for Customer Service
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Indian Banks’ Technology Consortium
Objectives
 Impact Banking



Advancement
Development &
Practical application of technology
 Develop and update standards in the use of
technology and information security in banks
 Improve customer service and advocate
regulation / legislation.
IBTC – Technology for Resolution
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Indian Banks’ Technology Consortium
Charter
 Pioneer New Technologies with PoC,
 Focus
on
Collaborative
Technology Development &
Research
in
 Resolution of Shared Problems & Challenges
in Banking Technology
IBTC – Technology for Research
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Indian Banks’ Technology Consortium
Proposed Activities
 Discuss and research technology issues
 Work collaboratively
 Solve shared problems and challenges
 Pioneer new technologies that benefit banks
 Collaborative research projects
 Technology development pilots
 Proof-of-concept tests
IBTC – Technology for Governance
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Indian Banks’ Technology Consortium
Advantages to members
 Updating of current developments and trends
 Promoting standards
 Networking on shared technical challenges
 Discussing the legal and regulatory dimension of
complex technical issues facing the banking
industry
 Conducting studies affecting the industry as a
whole
 Address issues faced by banks collaboratively
IBTC – Technology for Development
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Indian Banks’ Technology Consortium
Organizational Structure
 Executive Board Members
 Director, IDRBT
 CEO / Chairman, IBA
 Chairman / Executive Directors / Managing Directors
/ Deputy Managing
Manager from Banks
Directors
/
Chief
General
 Government Representative
 Academician from top Technology / Management
institutions
 NASSCOM representative
 Chief General Manager, DIT, RBI (Invitee)
IBTC – Technology for Organization
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Indian Banks’ Technology Consortium
Organizational Structure
 Advisory Council Members
 Chief Operating Officer, IDRBT
 Chief General Manager / General Manager
from the Banks presently working in the IT
domain
 General Manager, DIT, RBI
 Government Representative
 Academicians
from top Technology /
Management institutions
IBTC – Technology for Management
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Indian Banks’ Technology Consortium
Organizational Structure
 Vendor Affiliates
 Representatives from the Industry / Vendor
affiliates will be nominated by the Executive
Board for a project on a case to case basis.
IBTC - Technology for Advancement
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Indian Banks’ Technology Consortium
Organizational Structure

Steering Committees Members
 Chief Operating Officer, IDRBT
 Senior Executives from the Banks presently working in the
IT domain
 General Manager / Deputy General Manager, DIT / Payment
Systems, RBI
 Academicians from IITs / Universities / Research Institutes
 Faculty, IDRBT
IBTC - Technology for Progress
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