General Studies · Financial Technology & Networks
The core security concern addressed by the Structured Financial Messaging System (SFMS) running on the Indian Financial Network (INFINET) is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reducing the total number of physical bank notes in circulation.
- 2Ensuring the secure, authenticated, and non-repudiable exchange of financial messages.✓
- 3Increasing the processing speed of ATM cash withdrawals.
- 4Providing a platform for public social media interactions between banks.
Correct answer
Ensuring the secure, authenticated, and non-repudiable exchange of financial messages.
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