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PayU appoints Axis Bank fraud risk head Pramod Rao as its new chief risk officer

Economic Times

Economic Times · 4m ago

PayU appoints Axis Bank fraud risk head Pramod Rao as its new chief risk officer

Digital payments firm PayU has appointed Pramod Rao as its Chief Risk Officer. Rao, with nearly three decades in banking and telecom, will oversee risk management and regulatory compliance. His experience in financial security and fraud prevention is expected to enhance PayU's risk framework. The appointment follows leadership changes at PayU, including new roles for Pranav Pandya, Dimple Mehta, and Rahul Bharadwaj, as the company expands into a comprehensive fintech platform.

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PayU appoints Shailesh Paul as CEO of Wibmo

Entrackr

Entrackr · 2m ago

PayU appoints Shailesh Paul as CEO of Wibmo

PayU appoints Shailesh Paul as CEO of Wibmo. Digital financial services provider PayU has appointed Shailesh Paul as the Chief Executive Officer (CEO) of Wibmo, the company’s paytech division. According to Wibmo, Shailesh Paul will lead the company’s strategic vision and execution, driving sustainable growth and innovation. He will be instrumental in forging strategic alliances worldwide, advancing Wibmo’s leadership in authentication, digital identity, and fraud prevention. Under his leadership, it will scale its secure transaction platforms and risk-based decision-making solutions, aligning with evolving market demands and regulatory landscapes. “I’m excited to join the talented Wibmo team and the broader PayU leadership team as we push beyond conventional boundaries and create lasting value through trust, innovation, and excellence,” said Shailesh Paul. Prior to joining Wibmo, Shailesh spent over 18 years at Visa, most recently serving as Global Head of SMB Acceptance and previously as Head of Merchant Acquiring for India & South Asia. Shailesh has held various leadership roles in partnerships, product development and business development with prior experience at Standard Chartered and Mastercard. Wibmo, owned by PayU, operates with entities in India, the US, and Indonesia. It is a global full-stack PayTech company that offers payment security and digital payments in emerging markets. The platform also offers fraud and risk management solutions, digital financial services, prepaid solutions, and a variety of merchant-acquiring services. PayU provides payment gateway solutions to online businesses and claims to have empowered over 5 lakhs businesses, including India’s leading enterprises, e-commerce giants and SMBs.

Ahead of IPO, PayU receives final Payment Aggregator license

Entrackr

Entrackr · 2m ago

Ahead of IPO, PayU receives final Payment Aggregator license

Ahead of IPO, PayU receives final Payment Aggregator license PayU has received final authorization from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator. This allows the fintech firm to onboard new merchants onto its platform. In April 2024, PayU received in-principle approval from the RBI to operate as a payment aggregator. “As we move forward, we remain dedicated to building a resilient, compliant, inclusive, and innovation-driven institution—one that serves merchants of all sizes and contributes meaningfully to the Digital India vision of the RBI and the Government,” said a PayU spokesperson. The development comes at a time when PayU is planning for its IPO, eyeing a public listing during the second half of 2025. The company also appointed Pramod Rao as its Chief Risk Officer, who will oversee risk management, regulatory compliance, and strengthen the organization’s financial and operational risk framework. PayU has acquired a 43.5% stake in real-time payments technology firm Mindgate Solutions, enhancing its footprint in India’s real-time payments space and leveraging Mindgate’s expertise to drive digital payment innovation globally. Several other startups have secured authorization from the RBI as payment aggregators. MobiKwik’s subsidiary Zaakpay and PB Fintech’s subsidiary PB Pay received in-principle approval, and BharatPe’s Resilient Payments was granted final approval. Earlier this year, cross-border payments company Skydo received in-principle authorization from the RBI to operate as a Payment Aggregator-Cross Border (PA-CB) entity.

KVS Manian new joint managing director in Kotak Mahindra Bank reshuffle

Livemint

Livemint · 1y ago

KVS Manian new joint managing director in Kotak Mahindra Bank reshuffle

Kotak Mahindra Bank has announced a reshuffling of top positions, including the appointment of Manian as president, head of corporate, institutional and investment banking. Shanti Ekambaram has been named deputy managing director. Devang Gheewalla will take over as chief financial officer. Milind Nagnur will be the chief operating officer and will continue to serve as chief technology officer. Paul Parambi is appointed as the group chief risk officer. These appointments are subject to approvals.

Jio BlackRock Mutual Fund Appoints Leadership Team to Drive Operations

OutlookIndia

OutlookIndia · 1m ago

Jio BlackRock Mutual Fund Appoints Leadership Team to Drive Operations

Jio BlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock, has appointed a leadership team to drive operations. The team, led by Managing Director and CEO Sid Swaminathan, includes Amit Bhosale as Chief Risk Officer, Amol Pai as Chief Technology Officer, and Biraja Tripathy as Head of Product. With SEBI approval, the firm aims to transform investing in India, making it more accessible and affordable through digital innovation and a customer-centric approach.

Ecom Express appoints new chief business officer

Economic Times

Economic Times · 12m ago

Ecom Express appoints new chief business officer

Ecom Express, a logistics firm, has announced the appointment of Jitendar Kumar as its new Chief Business Officer. Kumar brings extensive experience from working with companies like Hewlett Packard and Bharti Airtel. The company also named Abhinav Imandi as its Senior Vice President of Operations, Process Excellence, and Alternate Channels. Imandi previously served as the Chief Operating Officer at Milkbasket. These appointments come after Ecom Express's country head of operations and chief process officer joined rival firm Delhivery. Ecom Express competes with companies like Xpressbees, Ekart Logistics, and Amazon Transportation Services in the ecommerce shipment industry.

Roll-up commerce startup 10club appoints Kavitha Rao as COO & cofounder

Economic Times

Economic Times · 1y ago

Roll-up commerce startup 10club appoints Kavitha Rao as COO & cofounder

Direct-to-consumer (D2C) startup 10club has appointed Kavitha Rao as its new Chief Operating Officer. Previously a roll-up commerce company, 10club pivoted into a D2C brand in October 2021. The company now operates as a single brand selling its own products online and offline. Rao will be responsible for retail operations, category roadmap, and day-to-day operations. 10club aims to open its first physical store in the first half of FY25 and reach an annualized revenue run rate of INR 100 crore by March 2023. The company was looking to raise $30 million in funding as of June 2022.

HDFC AMC appoints Harish Narayanan as chief marketing officer and chief digital officer

Money Control

Money Control · 1y ago

HDFC AMC appoints Harish Narayanan as chief marketing officer and chief digital officer

HDFC AMC has appointed Harish Narayanan as the chief marketing officer and chief digital officer. Narayanan will be responsible for leading the company's marketing and digital initiatives. With over 17 years of experience, he has previously worked at Upstox as the chief growth officer and Myntra as the chief marketing officer and head of monetization. Narayanan's expertise and innovative approach are expected to be valuable additions to the HDFC AMC team. The company recently extended the term of its MD & CEO, Navneet Munot, by another five years.

slice Ropes In Former Kotak Executive Arvind Kathpalia As Chief Risk Advisor

Inc42 · 1y ago

slice Ropes In Former Kotak Executive Arvind Kathpalia As Chief Risk Advisor

Fintech unicorn slice has appointed Arvind Kathpalia, the group president and chief risk officer at Kotak Mahindra Bank, as its chief risk advisor. This comes after the Competition Commission of India approved the merger of slice with North East Small Finance Bank. In his new role, Kathpalia will focus on providing risk advisory and enhancing the risk management systems during the merger process. Slice, formerly known as slicepay, initially operated as a buy now, pay later platform before pivoting to offer personal loans and UPI payment services.

BharatPe appoints former Razorpay executive Pankaj Goel as CTO

Inshorts · 2y ago

BharatPe appoints former Razorpay executive Pankaj Goel as CTO

BharatPe has named Pankaj Goel as its new Chief Technology Officer (CTO), approximately seven months after the departure of former CTO Vijay Aggarwal. Goel, who has previously held leadership roles at companies like Sun Microsystems and Trilogy, will report to interim CEO Nalin Negi and CFO. Prior to joining BharatPe, Goel served as the Head of Payments Engineering at Razorpay.

Content-to-commerce platform The Good Glamm Group lays off 150 employees

Economic Times

Economic Times · 1y ago

Content-to-commerce platform The Good Glamm Group lays off 150 employees

Content-to-commerce platform The Good Glamm Group recently laid off 150 employees, around 15% of its workforce. The company implemented a new organizational framework to streamline operations and eliminate redundancies over the past year. The move is part of the company's strategy to become profitable by FY25. The restructuring also involved promotions and new appointments, including Manan Jain as group COO, Kartik Rao as group chief people's officer, and Ashish Jadhav as group head of product. The Good Glamm Group recently raised INR 245 crore (around $30 million) to fulfill its working capital needs.

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