RBI to launch PRISM platform to strengthen compliance by supervised entities

The Reserve Bank of India will launch “Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM)”, a web-based platform via which the entities that are supervised by the RBI may submit various compliances to the RBI.
RBI regulates and supervises various entities in India. The PRISM platform will help RBI in having a ‘continuous supervision’ approach for early identification of risks and conduct of supervisory actions.
PRISM will have various functionalities like- inspection; compliance; incident functionality for cybersecurity; complaints; and returns functionalities), with built-in remediation workflows, time tracking, notifications and alerts, management information system (MIS) reports and dashboards.

Points to remember:

Name of the platform to be launched by RBI to strengthen compliance by supervised entities?= PRISM
Full form of PRISM