Cyber security, data protection must to promote financial inclusion, says RBI Governor Shaktikanta Das

Issues concerning cyber security and data protection must be addressed to gain confidence of the excluded section in use of technology, which is necessary for promoting financial inclusion, Reserve Bank Governor Shaktikanta Das said on Wednesday.

“Technology, though being a great enabler, can also lead to exclusion of certain segments of society,” Das said in his keynote address at a webinar on ‘Investing in Investor Education in India: Priorities for Action’, organised by the NCAER. The RBI Governor added that it was imperative to build trust in formal financial services among the hitherto excluded population.