Ann: TSN Business Update, page-40

Not sure India is high on the technology maturity curve to have IoT solutions. This is something many western country banks are still trying to understand.

But their banking operations prob doesnt stand much resistance to threats given the highly manual banking processes - i'm sure they still have bank books and cheques. Whilst this doesn't present cyber issues - as you start to push into plastic money, there will be a need to ensure digital trust.

My view is that India has technology experts but operate with inherently outdated technologies and lacks direction /strategy.

My view is TSN could create an outsourced service provider model for centrally monitoring cyber threats. Work well with that ATM service monitoring business they bought last year.