HCL's 'Make in India' Initiative with Consulate General of India in Frankfurt to address Data Security & Confidentiality in Financial Services Sector
May 28, 2015
HCL along with the Consulate General of India, Frankfurt organised a networking session and panel discussion in Frankfurt on May 28, 2015. The event was aimed at showcasing German financial service institutions about data regulation in India and capabilities of Indian service providers in the domain. At the event, the address by Consul General Mr. Raveesh Kumar highlighted how current reforms have improved the state of affairs and have created new opportunities for the German financial sector. In this context, he also underlined Government of India’s commitment to create supportive settings where global corporations are extended complete cooperation. The Keynote address was delivered by Mr. Jan Schneider, Deputy Mayor & Head of Department for Reform Projects, Citizens’ Service and IT, City of Frankfurt wherein he discussed the policy objectives that drive the European data security framework and data protection reforms that will benefit German businesses. Dr. Peter Pop, Head Financial Services, Continental Europe, HCL Technologies addressed the role, Indian Service Providers are playing in supporting leading financial service firms across the globe and how they comply with changing regulations. The highlight of the event was a panel discussion on 'Indian IT - conforming to global data protection standards in the financial sector' with panellists like Ashutosh Kumar, Chief Business consultant SAP, Armin Weyell, Partner KPMG and Prof. Dr. Igor Podebrad, Director, Group Chief information Security officer, Commerzbank AG. The ‘Make in India’ event was attended by participants representing Banks, Insurance companies, Capital Markets and Financial institutions and is the flagship programme of the Indian government designed to facilitate investment and foster innovation in twenty-five priority sectors identified for attracting foreign collaboration and investments.