The Institute of Payment Risk Council (IPRC) held its Annual Event on 22nd & 23rd February 2017 at Radisson Blu Resort at Alibaug, near Mumbai.
IPRC, comprising of professionals from various private & public sector banks & other financial Institutions has been informally existing as the Payment Cards Risk Task Force since over 15 years. This informal, collaborative body enabled Card Issuing & Acquiring Banks to jointly pool their intelligence & resources together to effectively combat Payment Cards Fraud since early 2000.
Today, IPRC has expanded to cover not only Card Crimes, but to also other banking frauds, through overarching intercession with other ecosystem players such as Payment Processors & Telecom operators, Merchants, Digital Wallet Operators, apartfrom Card Networks such as MasterCard, Visa, NPCI & American Express etc.
The Annual meet spread over two days, witnessed more than 65 participants with couple of banks from Sri Lanka & Bangladesh also joining in. The first day of the meet was reserved strictly for IPRC Event, whereas day second was earmarked for the Visa Security Summit.
Mr. P. Ravindra (Specialist – Compliance, NeoGrowth), was invited along with Mr. Niranjan Upadhye, (Head – e Payments, NeoGrowth) to the IPRC annual meet. Mr Niranjan was also Speaker & Moderator of a panel discussion. Mr. P. Ravindra was called upon by the Chairman of IPRC, Mr. Shailesh Verma- SVP & Head-FCMD at Axis Bank to light the lamp, marking the start of the annual meet. Mr. Niranjan Upadhye, gave a presentation on the subject “What Merchants can do to make e-Payments safer”. Niranjan during the day also moderated a panel discussion on the subject “Digital Movement: Challenges & Mitigation” where eminent panelists from Visa, DBS India & MRL Posnet shared their perspectives to the key questions posed to them. Both of these were very well received.
The first day of the event concluded with a vote of thanks given by Mr. P. Ravindra. This 2 day event, saw participation by many eminent speakers and panelists like Mr. G.Padmanabhan, former Executive Director of the RBI & currently the Nonexecutive Chairman of Bank of India and Senior Advisor (VISA) , Ms. Ellen Richey – Vice Chairman- Risk & Public Policy at VISA, USA , Mr. Joe Cunnigham- the Regional Head- Risk Services ,VISA to name a few. Officials of NPCI, apart from senior officers at M/s FICO, M/s ACI & M/s Smokescreen Technologies were also present during the event.
These officials were some of the key speakers on different subjects with “Management of Risk in the Ecosystem” being the core focus theme. NeoGrowth continues its active involvement in the Fintech domain by working closely with all the stakeholders that can make the life of an end consumer better & easier.