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PCI SECURITY STANDARDS COUNCIL EXPANDS ROLE OF PAYMENT SECURITY PROFESSIONAL NITIN BHATNAGAR TO STRENGTHEN CYBERSECURITY IN MIDDLE EAST
— Bhatnagar to Lead Middle East Outreach Efforts in Addition to India and South Asia —
WAKEFIELD, Mass., April 22, 2024 /PRNewswire/ — The PCI Security Standards Council (PCI SSC), a global standards body for the payment card industry, has expanded the role of Nitin Bhatnagar to lead its Middle East outreach efforts, in addition to India and South Asia, to educate and promote the importance of the PCI Security Standards within the region. Bhatnagar will serve as Regional Director and will be responsible for driving awareness and adoption of the PCI Security Standards for payment data security in the Middle East. Bhatnagar will work closely with key stakeholders, including regulators, acquirers, law enforcement, and others, across the Middle East payment ecosystem.
“We are delighted to expand Nitin’s role to lead our efforts in this important market,” said Jeremy King, Regional VP EMEA of the PCI Security Standards Council. “Nitin’s wealth of experience in information security driving PCI SSC adoption in India and South Asia, makes him the ideal person to be leading our efforts to promote good, sound payment security within the Middle East.”
“I am thrilled to have this exciting opportunity and look forward to continuing my work in the cybersecurity space with the PCI Security Standards Council,” said Nitin Bhatnagar. “The Middle East has been a very encouraging region for us in terms of participation, with the biggest financial institution in the UAE, Bank Mashreq, the largest international airline in the world, Emirates, and the Saudi Payments Network, a major payment system in the Kingdom of Saudi Arabia, all contributing to and influencing global payment data security standards.”
“Nitin brings a wealth of industry relationships and knowledge to the PCI SSC,” said Gina Gobeyn, Executive Director of the PCI Security Standards Council. “Nitin will play a key role in our continued focus on engaging payment industry professionals under our new and expanded governance structure. Nitin has a unique understanding of the data security needs in the Middle East and his expertise will be an asset to the Council.”
Nitin holds a postgraduate in MS Cyber Laws & Information Security from the prestigious Indian Institute of Information Technology – Allahabad and enjoys spending free time with his family.
About the PCI Security Standards Council
The PCI Security Standards Council (PCI SSC) leads a global, cross-industry effort to increase payment security by providing industry-driven, flexible, and effective data security standards and programs that help businesses detect, mitigate, and prevent cyberattacks and breaches. Connect with the PCI SSC on LinkedIn. Join the conversation on X (formerly Twitter) @PCISSC. Subscribe to the PCI Perspectives Blog. Listen to the Coffee with the Council podcast.
Media Contact:
Alicia Malone
PCI Security Standards Council
+1-781-876-8917
[email protected]
Twitter @PCISSC
Photo – https://mma.prnewswire.com/media/2391466/Bhatnagar_Nitin.jpg
View original content:https://www.prnewswire.co.uk/news-releases/pci-security-standards-council-expands-role-of-payment-security-professional-nitin-bhatnagar-to-strengthen-cybersecurity-in-middle-east-302121477.html
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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