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.
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 the 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.