Banking Application Contest (IBAC) in 2016. The IDRBT Banking Application Contest (IBAC) aims to serve two key purposes – Indian banking and financial community benefits from the innovative ideas from the best tech talent in the country, and the Gen Next gets an opportunity to showcase their tech talent through this platform. IDRBT Annual Doctoral Colloquium IDRBT certifying authority IDRBT is the certifying authority (CA) for the Indian banking and financial sector, licensed by the Controller of Certifying Authorities, Government of India, under IT Act 2000. The CA issues digital certificates aimed to facilitate speedy and cost-effective digital transactions. These certificates are used by the RBI, banks and other financial institutions to exchange electronic messages between banks ensuring authenticity, integrity, non-repudiation and confidentiality. The CA services are aimed at facilitating. So far, more than 2,00,000 digital certificates have been issued by the CA. The Indian Financial Technology and Allied Services (IFTAS) With a view to provide focused attention and enable development of techno-banking in the country, the institute has promoted a new Section 8 company named The Indian Financial Technology and Allied Services (IFTAS). Headquartered in Mumbai, the mandate of the IFTAS is to provide IT-related services to the RBI, banks and other financial institutions. Services like Indian Financial Network (INFINET), Structured Financial Messaging System (SFMS) and the Indian Banking Community Cloud (IBCC) have been handed over to IFTAS with effect from April 1, 2016. References Banking institutes Research institutes in Hyderabad, India Think tanks established in 1996 Reserve Bank of India 1996 establishments in Andhra Pradesh