India has been witnessing rapid modernization of transaction processing. The volume of transactions is rising as financial instruments are becoming increasingly accessible to the people. State push and interventions, regulatory enablement, and innovation drive the pace of adoption and experimentations. The industry has transformed substantively with various players, ranging from payment service providers, technology, FinTechs, mobile device manufacturers, and others pushing the boundaries of innovation in a customer-centric approach. The industry is witnessing a push for opening infrastructure, applications, and data, making it more participatory, enticing a new set of players for their entry.
Amidst the swiftly shifting landscape, DSCI FINSEC Conclave 2022 is going to be taking a keen look at key trends shaping the growth trajectory of country's financial sector and critically examine the Security and Privacy concerns associated with the current and possibly the future digitization context. It would endeavour to accomplish this by calling upon the expertise, experience and foresight of leaders, practitioners, policy makers, researchers, developers and innovators. While the nefarious elements continue to upgrade their arsenal to infiltrate the networks of organizations, the organizations are also trying to equip themselves with state-of-the-art security measures. Unfortunately, the equation is still a bit skewed towards the former.
With country inching closer to having its first comprehensive Data Privacy legislation, the emphasis on preparedness and implementation aspects of Privacy is expected to be one of the core focus areas for financial services organizations. FINSEC 2022 would entail significant focus around Data Privacy and Data Protection and would endeavour to bring out the best practices in the realm that could meaningfully contribute to Privacy journey of the financial ecosystem.
Two days of FINSEC would have a specific focus on bringing together key stakeholders from financial services organizations covering sectors such as Banking, Mutual Funds, Securities, Insurance & Pension to deliberate on the imperatives and preparedness of their respective sector. The Conclave would entail deliberations in multiple formats on themes such as Accelerating Financial Frauds, Consumer Trust, Resiliency for digital financial enterprises, Decentralized Finance, Banking Trojan & Ransomware, Privacy implementation in Financial organizations, Contactless transactions and payments, rapid application deployment, Financial Innovation, among others.
In essence, the Summit would bring into perspective the current Cyber Security landscape of country's BFSI sector by drawing attention to the technological flux which is fuelling digitization and engendering Security & Privacy concerns and opportunities.