Paytm Payments Bank appoints Nitin Chauhan as Chief Information Security Officer

 Paytm Payments Bank has announced the appointment of Nitin Chauhan as its Chief Information Security Officer (CISO). In his current role at Paytm Payments Bank, Nitin will be in charge of Information Security, setting up and enhancing the firm’s enterprise security strategies, infrastructure and network design. This also includes securing all lines of network & interoperability for PPB customers, and services across partner banks and financial services. He will also ensure regulatory compliance with an emphasis on building a security framework for all Paytm Payments Bank customers.

 Nitin comes with around two decades of experience across Information and Cyber Security. Prior to joining Paytm Payments Bank, he served as the CISO at RBL Bank for over 6 years and also worked with Kotak Bank and other financial institutions. He graduated in Commerce from Delhi University and holds an MBA degree in IT and International Business. He is a CISA professional and is a certified Lead Auditor from BSI for BS 25999 and Lead Implementer for ISO27001 security standards.

Renu Satti, MD & CEO – Paytm Payments Bank said, “It gives me immense pleasure to welcome Nitin to the Paytm Payments bank team. He is a seasoned Information Security professional, and his experience in creating and deploying security solutions will play a key role in ensuring we continue bringing the most secure and innovative digital-first offerings for our users.”

Nitin Chauhan, CISO said, “Paytm Payments Bank has huge focus on information & cyber security and compliance aspects across all areas. We will continue to build secure and sustainable information and cyber security practice at the bank.”

The bank has introduced a first-of-its kind facility to create a Fixed Deposit when the customer balance exceeds Rs 1 lakh at the end of day. It has also unveiled a ‘Paytm Ka ATM’ outlet that allows customers to open Saving Accounts and deposit/withdraw money. These specially branded outlets will play a key role in bringing banking access to smaller cities and towns by ensuring customers find it easy to locate an access point near them.

About Paytm Payments Bank
India’s largest digital bank, Paytm Payments Bank is the only bank providing zero balance accounts and zero charges on digital transactions. With over 180 million savings and wallet accounts, Paytm Payments Bank aims to build a new business model in the banking industry that is focused on bringing financial services to 500 million un-served or underserved consumers across India. With Renu Satti as its MD & CEO, it is headquartered in the National Capital Region, India. Paytm Founder and CEO, Vijay Shekhar Sharma owns majority stake in the company, and One97 Communications Ltd owns the remaining share. The Bank has P Vijayabhaskar – Ex Executive Director, RBI; Ash Lilani – Managing Partner and co-founder of Saama Capital and G S Sundararajan – ex Managing Director at Sriram Group as Independent Directors.