HDFC Bank recognised for best practices in payment security

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HDFC Bank, India’s largest private lender, for the second consecutive year, has been recognised with the Champion Security Award at the 14th Visa Asia Pacific Security Summit.

The prestigious award, won in the India and South Asia category, is considered to be an industry-wide recognition and a mark of excellence reflecting leadership in risk management and payment security performance.

“As more and more customers take to using electronic and digital payment platforms, it is incumbent on the eco-system to ensure that the environment is safe and secure. At HDFC Bank, the endeavour is to further sharpen and evolve with the landscape by implementing the best standards and practices in risk management and payment security,” said Neil Francisco, Group Head – Underwriting and Risk control, HDFC Bank.

Further, lauding private lender’s various recent digital initiatives focused on anti-money laundering and anti-fraud prevention, Shivakumar Sriraman, Chief Risk Officer-India & South Asia, Visa, added that HDFC Bank has reliably exhibited a high level of risk management proficiency, which has constantly created a safe payment environment for consumers and merchants in India & South Asia.

HDFC Bank, second-largest private-sector bank by market value with a customer base of 43 million customers, currently has 4,787 branches and 12,635 ATMs across the country.

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