What is Public Tech Platform for Frictionless Credit
Public Tech Platform for Frictionless Credit means an enterprise-grade open architecture information technology platform, conceptualised by the Reserve Bank of India as part of its Statement on Developmental and Regulatory Policies dated the 10th August, 2023 and developed by its wholly owned subsidiary, Reserve Bank Innovation Hub, for the operations of a large ecosystem of credit, to ensure access of information from various data sources digitally and where the financial service providers and multiple data service providers converge on the platform using standard and protocol driven architecture, open and shared Application Programming Interface (API) framework