FORTIFYING NATIONAL ASSET

Reported by: |Updated: May 2, 2016

NPCI has launched the Unified Payment Interface (UPI). It is a major milestone in  the  journey  of  mobile  payments.  It  is  a  small  step  for  banks  and  their customers, but it is a giant leap for the nation. 19 major banks have already joined the UPI platform and more are set to join soon. UPI offers several benefits to various  stake  holders  in  the  ecosystem.  It  is  also  expected  to  accelerate  the growth  of  cashless  transactions  and  thereby  reduce  the  negative  implications associated with cash.

For UPI to be successful, every participant has to ensure that all relevant security measures are in place. UPI is a tremendous national asset and its underlying infrastructure and  the  user  community  have  to  be  secured  from  the severest of threats. This is most relevant for banks.

Banks are not only the primary gateways for the mobile payments,  they  are  also  the  holders  of  a  lot  of  financial and  non-financial  information  about  the  customers.  The ownership of data puts a huge responsibility for security and privacy on the banks.

Banking Frontiers is organizing a roundtable of payments and  security  heads  of  banks  to  discuss  the  security perspectives  associated  with  UPI  including  encryption, digital signatures, HSM, app security, etc. We look forward to your participation and contribution in this collaborative learning exercise.

Venue : Sofitel BKC, Petit Salon Voltaire, BKC, Bandra East, Mumbai

Date  : Wednesday, May 11, 2016

Time  : 9 am to 11 am

RSVP  :

Saaniya Naik  : 77380 88612  saaniyanaik@glocalinfomart.com

Ashish Verma  : 77386 15499  ashishverma@glocalinfomart.com

Durgesh Nadkarni : 90044 46026  durgeshnadkarni@glocalinfomart.com

 

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