The Reserve Bank of India (RBI), in a move to strengthen digital security, has announced ‘fin.in’ as a dedicated domain for fintechs, NBFCs, and other financial service providers. Its purpose is to foster a safer, more harmonized digital environment for carrying out financial transactions for bank customers online.
In April, RBI is also launching an exclusive Internet Domain for Indian banks called ‘bank.in’ that will only work for India’s banks. The Institute of Development and Research in Banking Technology (IDRBT) will handle these domains to tackle cyber threats such as phishing and fraud.
