At FICCI’s 6th PICU Fintech Conference in New Delhi, top banking voices advocated trust in AI and digital innovations while underscoring vigilance. The event spotlighted how India’s financial sector is navigating tech’s double-edged sword.
In an exclusive interview, Indian Banks’ Association Senior Advisor Surinder Kumar Thapar emphasized that risks accompany all new tech, countered by comprehensive security frameworks. Pre-adoption testing and ongoing refinements keep AI and agentic technologies on a safe path, he assured.
UPI emerged as a star performer, catapulting India into cashless territory with explosive growth in usage. From bustling markets to rural kiosks, small vendors now seamlessly accept digital payments, democratizing finance nationwide.
BusinessNext CEO Nishant Singh warned that AI intensifies longstanding cyber risks, broadening their reach. Yet, proactive government initiatives are building public defenses against scams. Innovations like UPI’s family linking empower younger members to guide seniors, enhancing security and accessibility.
The conference reinforced a key takeaway: India’s fintech future shines bright, provided stakeholders prioritize resilient protections alongside ambitious advancements.
