Overview

IFTAS (Indian Financial Technology & Allied Services) is a wholly owned subsidiary of the Reserve Bank of India, mandated to design, deploy & support IT-related services to the Reserve Bank of India, & all Banks & Financial Institutions in the country. Our Services: INFINET (Indian Financial Network): Managing India’s network & communication backbone of Banking & Financial Sector connecting them to payment system viz. NEFT, RTGS and e-kuber. SFMS (Structured Financial Messaging System): Managing India’s Financial messaging platform for interbank financial messaging namely NEFT, RTGS, LC, BG, etc. GIFT (Global Interchange for Financial Transaction): Integrated payment & settlement system providing STP of inter-bank payment messages supporting batched, gross and bulk settlement. GIFT is operational in a SAARC Country. Cloud Services: Our multi-tenant, elastic and robust cloud environment built on Openstack Cloud framework that offers a variety of services to Indian Banking & Financial Community of India, including virtualized infrastructure and ready-made built-in platform for banks to leverage and host their solutions. The platform also offers the services under IaaS, PaaS and SaaS model. Learning Management Solution: Empowering Learning & development of the bankers. Board Management Solution: A New Cloud hosted and mobile accessible compliance solution promoting good corporate governance by providing an automated, real-time compliance dashboard for companies, managing board meet schedules, agendas, etc. and offering an e-repository for safe-keeping of secretarial records. Advisory Services: Consult and guide Banks/Central Banks on Payment System, Underlying Financial Network & various Digital Initiatives Our Members: Cooperative Bank Foreign Bank Private Bank Public Sector Bank Small Finance Bank Regional Rural Bank Payments Bank RBI/RBI Subsidiary Financial Institutions