Spoke at #GFF2022 on ‘Fintech fraud and consumer privacy’.
Thanks @NPCI_NPCI for the opportunity to talk about cyber frauds and cybercrime countermeasures.
@NPCI_NPCI I talked about @rbi digital lending guidelines, Chinese loan app menace and consumer data protection issues.
The rapid advances in digital technologies and mobile adoption worldwide is creating a unique set of problems and opportunities.
While the startup ecosystem is focussed on reducing friction and easing the customer journey, financial system integrity and stability needs to be ensured.
Fintech space today includes diverse players and stakeholders, right from Big Tech to the Law Enforcement and regulators.
Organised and syndicated cybercrime is sophisticated and wisespread.
A complex set of offense and defense infrastructure has evolved in this arena.
While there are excellent technologies on the consumer protection side; the adversary is also evolving in real time.
Tokenization of cards at @rbi directions, #accountaggregator (NBFC-AA) and AI/ML based technologies are very promising developments.
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