World & BusinessBanks’ technology risks and the call for stronger oversight
The Economic Times reports that RBI Deputy Governor Rohit Jain said technology is becoming banks’ “risk architecture,” making technological resilience as important as financial resilience.
TLDR
The Economic Times reports that RBI Deputy Governor Rohit Jain said banks’ biggest risks may now sit inside their technology systems. He urged banks to treat technology risk as a first-order enterprise risk, with stronger governance, cybersecurity, third-party oversight and AI controls.
Banks’ technology risks and the call for stronger oversight
The Economic Times reports that RBI Deputy Governor Rohit Jain said technology is becoming banks’ “risk architecture,” making technological resilience as important as financial resilience.
TLDR
The Economic Times reports that RBI Deputy Governor Rohit Jain said banks’ biggest risks may now sit inside their technology systems. He urged banks to treat technology risk as a first-order enterprise risk, with stronger governance, cybersecurity, third-party oversight and AI controls.