A Business Rule Engine (BRE) plays a crucial role in automating complex decisions and workflows, particularly in lending where precision and speed are paramount.
RBI Proposes New Framework for Digital Payment Authentication
The Reserve Bank of India (RBI) has proposed a new framework to enhance the authentication mechanisms for digital payment transactions. This includes biometric authentication, multi-factor authentication, and tokenization to improve security and user experience. The RBI aims to strengthen security, ensure inclusivity, and foster innovation in the payments industry, ultimately creating a resilient ecosystem that supports India’s digital economy.