Passkeys are a significant improvement over passwords. They are faster, more secure, and more convenient. Many brands will follow in supporting passkeys. I expect passkeys to become the standard for login security in the near future like how 2FA was adopted in the past.
Regulated Entities (Res) outsource a substantial portion of their IT activities to third parties, which exposes them to various risks. RBI released a finalized version of Master Direction on Outsourcing of Information Technology Services on April 10, 2023.
The RBI announced the launch of the first pilot for retail digital Rupee (e₹-R) on December 01, 2022. It has commenced the pilot in the wholesale segment from November 2022.