Episode 29: Innovation and Tech Zoom In Series: FinTech & Cybersecurity

June 8, 2020 Ajit Tripathi Breaking Banks Europe 00:49:46 Comments Off on Episode 29: Innovation and Tech Zoom In Series: FinTech & Cybersecurity

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Published statistics show that cybercrime is more profitable than the global illegal drug trade. There is a hacker attack every 39 seconds, Hackers steal 75 customer records every second and 66% of businesses attacked by hackers are not confident they can recover. In the meantime, Software is eating the world and fintech is driving financial services to become 100% digital. This trend has accelerated further during COVID 19, As payments, lending, asset management and capital markets increasingly rely on digital technology and automation, cyber risks to consumers data and payments are also increasing correspondingly. In this episode our guests share their insights on what fintech is doing in Europe to protect customer data and customer assets.

Head of Institutional Business at Aave
About the Author
Ajit is the founder of Asango, a London Based global fintech consultancy that provides advisory services to fintech companies using Machine Learning and Blockchain Technology to deliver superior user experiences in financial services. Ajit is also the blockchain and cryptocurrency correspondent for Breaking Banks Podcast, the number 1 fintech podcast in the world. Prior to this, Ajit was the global Fintech leader with ConsenSys in the London Office and a director in Fintech and Digital Banking at PwC where he co-founded the blockchain practice. Ajit is a well regarded influencer, thinker, blogger and doer in the fintech and blockchain space. In 2017, he was recognised by coindesk as one of the key influencers at large enterprises and served on the Bank of England’s fintech advisory community. He has spoken at prominent fintech and blockchain conferences in the US, UK, Dubai, India, Japan and Hong Kong including Consenus, Money2020 Europe, Finsum Tokyo, Fintech Week and others. He’s been featured in the Breaking Banks, Blockchain Insider and Fintech insider podcasts, contributed to annual coindesk retrospective as well as quoted in the Financial Times, the BBC and a range of other publications. Ajit has served as a mentor at Startup Bootcamp and is currently advising a small number of selected stealth stage startups in fintech and blockchain. Ajit’s previous blockchain engagements include high profile financial services clients such as Bank of England, Nasdaq, Deutsche Bank. Deutsche Boers and MUFG and he’s been instrumental in advising regulators, board level executives and innovation labs across the world in the strategic implications of cryptocurrency, decentralised, peer to peer architectures. Ajit has a rich and varied background in risk and regulatory change program implementation, capital markets technology, distributed systems and telecom protocol engineering. Prior to PwC he served in technology management and innovation roles at Goldman Sachs, Barclays, GE-GXS and Bell Communications Research. Ajit has an MBA from IMD and a Bachelors in Electrical Engineering from the Indian Institute of Technology Kanpur. He is also a CFA charter holder and holds a GARP financial risk manager certification.
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