Maintaining Security in the Shift to Cashless PaymentsPayments Expert Navin Surya on the Balancing Security and Innovation
To help ensure security as India moves to digital payments, enterprises need to educate their customers to help them understand potential risks and take the right precautions, says payments expert Navin Surya, non-executive chairman of the Fintech Convergence Council.
In the drive toward a cashless economy, payments organizations should build products with security built in to meet authentication and global compliance standards, he says in a video interview with Information Security Media Group.
Surya also offers insights on:
- Digital product innovations that are changing the payments industry;
- How enterprises are using technology to enhance security;
- The impact of Reserve Bank of India’s new initiatives on Self-Regulatory Organizations and New Umbrella Entities.
In addition to serving as non-executive chairman of the Fintech Convergence Council, Surya is the non-executive chairman emeritus for Payments Council of India and independent director at Satya MicroCapital, an investor in several start-up companies, including Zimyo, FPS Technology and ACSZ. He is a member of the RBI General Interbank Recurring Order Committee and the Dr. Watal Committee on Framework for Digital Innovation at Niti Ayog.