Watch this insightful video interview featuring Rajashekara V. Maiya, Head of Business Consulting at Infosys Finacle, and Dr. Pramod Varma, Co-Founder of FIDE.org, CTO of EkStep Foundation, Co-Chair of CDPI.dev, and Chief Architect of Aadhaar & India Stack.
Dr. Varma discusses the core architectural principles such as scalability, security, and evolvability that are key for public infrastructure projects. He highlights how important minimalism was in the creation of platforms like Aadhaar and UPI. By keeping the infrastructure simple, they enabled third-party applications to innovate effectively. He also discusses the distinctions between public infrastructure projects and commercial products.
Focusing on security, Dr. Varma talks about UPI’s robust security and low fraud rates worldwide. He further delves into the future of the banking ecosystem. By utilizing open APIs and building modular, interoperable systems, banks can provide more individualized and cutting-edge services. He shares instances of how unbundling empowers specialization, better services, and increased innovation in the banking sector.
