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The RBI will be implementing PRISM, which is a web-based end-to-end workflow automation system to give strength to compliance by supervised entities (SEs). What does ‘S’ signifies in PRISM?
A)
Safe
B)
Secured
C)
Superfast
D)
Supervision

Correct Answer :   Supervision


The Reserve Bank of India is implementing a web-based end-to-end workflow automation system to give strength to compliance by supervised entities (SEs).
 
The web-based end-to-end workflow automation system is named as ‘Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM)’.
 
The PRISM will help supervised entities to strengthen their internal defenses and resilience. It will allow SEs to focus on Root Cause Analysis (RCA).

Published On : August 20, 2021
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