RBI developing CIMS

The Reserve Bank of India is proposing to develop a Centralized Information and Management System (CIMS), covering 3 broad areas - (i) automation of data transmission from source entities (banks / regulated entities) to the CIMS; (ii) implementation of end-to-end Hadoop based Data Lake (DL) for data collection, processing and dissemination which will be sourced from internal systems of RBI, regulated entities, other regulators, market data from Clearing Corporation of India, various macroeconomic data from various government systems and sites, other agencies, NPCI and online big data streaming. (All data in the existing DW of RBI and exploratory big data system will be migrated in the CIMS and all the existing facilities will be provided in the CIMS along with new functionalities); and (iii) development of a state-of-theart analytical system using latest tools for data analytics and visualizations (This will include Data Science Laboratory, Granular Data Access Laboratory and Sandbox.). The RBI is looking for a service provider to develop and implement the CIMS, which will be done in various phases commencing from understanding the bank’s existing data warehouse, IT systems, providing software solutions and implementation and customization of the proposed solution. Among the major objectives of the project are: seamless data collection by building system-to-system interface with various source systems supporting various formats, data collection/ consumption using APIs, data collection from internal systems of RBI using database-to-database connection, data collection using e-mail attachment and screen-based data collections, providing endto-end data governance by implementing system driven data validation, data tracking, data lineage and data review to improve data quality.