<h1>Tech Revolution in Banking: Challenges in Cyber Security & Rise of FinTech, Blockchain, and Cloud Computing.</h1> The Deputy Governor highlighted the transformative impact of technology on banking, emphasizing the challenges it poses, particularly in cyber security. He noted the rise of FinTech companies as competitors and the potential of new technologies like blockchain and cloud computing. The speech also addressed the payment revolution and the role of IT in financial inclusion. The Reserve Bank's initiatives, such as establishing ReBIT and a Working Group on Financial Technology, aim to enhance cyber security and harness technological advancements. Collaboration between academics, industry, and banking professionals, facilitated by IDRBT, is crucial to addressing these challenges.