Search Results for: e banking

Is Insurance Industry ready for PDPA?

On 7th February 2020, I attended a day long seminar in Hotel Trident, Mumbai organized by the National Insurance Academy Pune jointly with Swiss RE. The program titled “Digital Disruption..Embracing Digital Innovation in [RE] Insurance business” was a grand success … Continue reading

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Don’t use ICICI Bank services for FASTag

After the use of FASTag was made mandatory for toll payments, several service providers came up with a proposal to provide the FASTag stickers including some banks. When the original date for introduction was set as December 15,2019, there was … Continue reading

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DAV Vs Indian Bank: Supreme Court considers Negligence of Bank and orders compensation

There have been so far many awards from Adjudicators in different states  in which Bankers have been held liable for frauds such as “Phishing”. Starting with the S Umshankar Vs ICICI Bank award in 2010, adjudicators in Mumbai, Gujarat, Telengana … Continue reading

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SIM hijacking vulnerabilities puncture Bank’s legal arguments

In all cases of Banking frauds involving “Unauthorized Access”, Banks have been putting across various arguments to shift the blame entirely on the customers. We had reported a recent incident where HDFC Bank had tried to bully a customer for … Continue reading

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How Banks Cheat in Limited Liability instances

At one time, Bankers were considered trusted individuals and respected in the community. But with the advent of technology, Bankers of the older generation receded into the background and technologists came into the Banking profession. Today Technologists have become Bankers … Continue reading

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Views of Kris Gopalakrishna…on Privacy…2 Leveraging data for the benefit of the individuals

(This is in continuation of the previous article) The next two comments of Shri Kris Gopalakrishna that we would like to analyze is 2. “India has a huge opportunity to leverage data in every aspect: data will be very important … Continue reading

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