Unmaad 2025 – Exclusive Alumni Panel Discussion

Panel Discussion: Navigating Innovation and Security in the Digital Ecosystem

On 22nd February 2025, IIM Bangalore hosted a high-impact panel discussion, “Navigating Innovation and Threats in the Digital Ecosystem,” bringing together alumni and industry leaders from the tech, fintech, and banking sectors. The session was moderated by Neeta Shah, Head of Digital at HSBC, and featured esteemed alumni:

• Divyanshu Verma, EEP 2012 – CEO, Redinent Innovations
• Mayank Jain, PGP 2007 – Director, Amazon Pay (Consumer Credit & Business Lending)
• Harshad Lasure, PGP 2009 – Ex-OneCard, BFSI professional
• Yugesh Yerraguntla, EPGP 2022 – Accenture Strategy & Consulting

The discussion delved into the dual challenge of driving rapid digital innovation while managing an escalating risk of cyberattacks in the evolving landscape of India’s tech and financial ecosystems. As new advancements in AI, machine learning, and digital assets reshape industries, panelists highlighted the complex security challenges that accompany such transformations.

Key Takeaways from the Panel:

1. Security as the Cornerstone of Trust:
   Divyanshu Verma emphasized that for the digital economy to thrive, security must be deeply embedded in every aspect of the financial transaction ecosystem. He shared insights into how innovations in fintech require robust security frameworks from the start to build customer trust and ensure compliance.
   
2. Understanding the Complex Threat Landscape:
   Mayank Jain brought a wealth of experience from the fintech space, underscoring the evolving nature of cyber threats. From fraud prevention to advanced data breaches, he discussed the need for comprehensive security measures that span both internal and external vulnerabilities. He advocated for collaboration between financial institutions, fintech firms, and regulators to tackle these challenges collectively.
   
3. Striking a Balance Between Innovation and Compliance:
   Harshad Lasure discussed the fine line between integrating security and maintaining a seamless customer experience. With the rise of open banking and data sharing, he emphasized the importance of secure API frameworks and adapting to changing regulations without sacrificing user experience.
   
4. Leveraging Technology to Outpace Threats:
   Yugesh Yerraguntla touched on the transformative role that emerging technologies like AI and machine learning play in improving cybersecurity. From enhancing threat detection to improving biometric authentication, he discussed how these technologies enable faster and more effective responses to cyber risks.

Emphasizing a Proactive Approach to Security in Innovation

The discussion concluded with a collective agreement that security-first innovation is crucial in building a resilient digital ecosystem. As Yugesh Yerraguntla put it, “Innovation without security is like building a house on sand.” Panelists emphasized the importance of integrating cybersecurity measures at the early stages of product development, which allows companies to stay agile and innovate without compromising security.

The session also touched on the growing role of regtech and suptech solutions in future-proofing the financial industry against emerging threats. Panelists agreed that investments in these technologies are crucial to staying ahead of new risks in a rapidly changing digital landscape.

Conclusion:

The panel offered valuable insights into the intersection of digital innovation and cybersecurity. Attendees walked away with a deeper understanding of the need for a proactive, collaborative approach to security—one that fosters trust, encourages innovation, and safeguards the future of the digital economy. As the digital landscape continues to evolve, these conversations will be integral in shaping a future where innovation and security walk hand in hand.

The event concluded with a strong message: “No matter how fast technology evolves, we must always ensure that security is the seatbelt that keeps us safe on this journey.”

Please click here to access YouTube link to the event..