Wearable payment devices & Digital Banking are the way to go
By MYBRANDBOOK
Shaik J Ahmed, VP, Head of Information Security - Risk & Governance, Mashreq Bank
Technology blueprint for year ahead
As a leader, one has to prioritise technical projects, deploy solutions and minimise technical debts to support business strategy. One needs to align technology goals with overall business goals, to gain support from key stakeholders. The primary goal for any security professional for 2023-24 is to strengthen third party risk management practice and minimize information security breach events and incidents due to supplier chain risks and challenges.
Latest technologies influencing growth
Fintech space is evolving continuously. It plays a critical role and has a wider reach in improving societal economics. AI, ML, Blockchain, Robo Advisors, Open Banking, Digital Wallets and Instant payments have become a norm. I would see wearable payment devices, peer to peer lending and Digital banks to grow exponentially in coming days. Technologies including Distributed hybrid data centers, Low code and No code development, Infrastructure as a code, serverless computing, and progressive web applications are among others that one shall use to remain competitive in the market.
Fortifying organization from cyber threats
New emerging technologies come with their own opportunities and obstacles. For sure, it will have its own share in the overall attack surface. I believe robust threat modelling, risk management and value chain visibility is key to manage the attack surface. Phishing is the major threat vector that helps attackers to pursue their goals. Therefore, we are constantly empowering our customers and colleagues to be cyber aware.
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