Dhaka, June 1 -- Utimaco, one of the leading Hardware Security Module (HSM) OEM from Germany, and Genex Infosys Limited, one of the leading IT solutions providers in the country, organised a collaborative event at a hotel in Dhaka recently.

The event titled "Creating Trust in the Digital Banking World," was an interactive session by the experts from Utimaco and Genex Infosys on safeguarding digital banking operations, fostering trust, and addressing emerging cybersecurity challenges in Bangladesh, says a press release.

Card payment systems usually use what is commonly known as the "Four-Party Model." This involves the cardholder, a consumer with a payment card provided by a bank or other financial institutions, and the merchant, a busin...