Banking in India compete with the international banks in customer service, without the use of information technology. The RBI set up a number of committees to define and co-ordinate banking technology. These have included: The total number of automated teller machines (ATMs) installed in India by various banks as of end June 2012 was 99,218. The new private sector banks in India have the most ATMs, followed by off-site ATMs belonging to SBI and its subsidiaries and then by nationalised banks and foreign banks, while on-site is highest for the nationalised banks of India. In 2008 the Reserve Bank of India introduced a
Guardian Analytics the FFIEC authentication and Internet banking guidelines for online banking security. Guardian Analytics Guardian Analytics is an American privately held company headquartered in Mountain View, California which provides behavioral analytics and machine learning technology for preventing banking fraud. More than 400 financial institutions have standardized on Guardian Analytics’ innovative solutions to mitigate fraud risk and rely on the company to stop the sophisticated criminal attacks targeting retail and commercial banking clients. With Guardian Analytics, financial institutions build trust, increase competitiveness, improve their customer experience and scale operations. It was established in 2005 and its products are based on anomaly detection