As the Global Head, Treasury & Trade Solutions at Citi, Naveed Sultan, drives customer acquisition and oversees technology. In an interview with Saikat Das, Sultan talks about risk management practices and how technology could be harnessed to drive sustainable competitive advantage.
Edited excerpts:
Are there systemic checks that can stop PNB-like banking frauds?
I don’t know the details about it. However, one of the most important things for banks is to build controls and check points, systemically or specifically, for specific transactions or flows. These controls have to be downstream, upstream and at the core of this is technology. There is a tremendous amount of focus we put on these things. It is imperative that control measures and our security or risk management also evolve…
