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

Economic Times

Economic Times · 1y 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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Myntra appoints ex-Google and Instacart executive Pramod Adiddam as CTO

IndianStartupNews

IndianStartupNews · 1m ago

Myntra appoints ex-Google and Instacart executive Pramod Adiddam as CTO

Myntra has appointed Pramod Adiddam as its new Chief Technology Officer (CTO). With over two decades of experience, Adiddam previously worked at Instacart as VP and head of engineering, and at Google as head of engineering. Reporting to CEO Nandita Sinha, he will direct Myntra's technology strategy focusing on innovation and resilience. His appointment follows the exit of former CTO Raghu Krishnananda, aligning with Myntra's growth and enhanced technology foundations strategy.

PayU appoints Shailesh Paul as CEO of Wibmo

Entrackr

Entrackr · 10m 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 · 10m 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 · 2y 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 · 9m 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.

Slice appoints former SBI executive Sreedevi Pillai to bank board

Entrackr

Entrackr · 5d ago

Slice appoints former SBI executive Sreedevi Pillai to bank board

Slice appoints former SBI executive Sreedevi Pillai to bank board Fintech company Slice has appointed Sreedevi Pillai, former Chief General Manager Risk Management at State Bank of India (SBI), as an Independent Director Non Executive to its Bank Board. Pillai brings 36 years of banking leadership experience, most of it at SBI, where she oversaw operational risk management, fraud prevention and monitoring, and enterprise and group risk management across the bank and its group entities. During her tenure, she led the development of fraud detection frameworks that helped SBI become one of the first large commercial banks in India to deploy such capabilities at scale. According to Slice, her appointment comes as the company strengthens its institutional governance and risk framework in line with its long term growth plans. "The bank’s commitment to building a transparent, digitally driven and inclusive banking platform aligns strongly with the evolving landscape of responsible finance in India. I look forward to working closely with Rajan, the leadership team and the Board to contribute to robust governance, prudent risk management and sustainable growth," said Sreedevi Pillai, Independent Director at Slice. Last month, Slice appointed its founder Rajan Bajaj as Managing Director and Chief Executive Officer. Bajaj previously served as Executive Director of the company. Rajan Bajaj founded Slice in 2016 and led the company from a consumer fintech startup to a regulated bank following its merger with North East Small Finance Bank in 2024. The company says it has served more than 20 million registered users, employs over 3,000 people and has raised more than $250 million from investors including Tiger Global, Insight Partners and Advent International.

Slice appoints former SBI risk chief Sreedevi Pillai as independent director

IndianStartupNews

IndianStartupNews · 5d ago

Slice appoints former SBI risk chief Sreedevi Pillai as independent director

Fintech company Slice has appointed Sreedevi Pillai, former Chief General Manager of Risk Management at State Bank of India, as an Independent Director to its board. With 36 years of experience at SBI, Pillai's expertise in operational risk and fraud oversight will aid Slice's governance as it evolves into a regulated banking entity. Her appointment aligns with the company's strategy for robust governance and growth. Slice became a regulated bank after merging with North East Small Finance Bank in 2024.

Ecom Express appoints new chief business officer

Economic Times

Economic Times · 1y 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.

Zepto appoints Sneha Arora as CHRO - The Economic Times

Economic Times

Economic Times · 5m ago

Zepto appoints Sneha Arora as CHRO - The Economic Times

Zepto, a quick commerce firm, has appointed Sneha Arora as its new Chief Human Resources Officer. Arora brings 15 years of experience from companies like Simpl, Myntra, SAP, and Flipkart. Her appointment comes after the previous HR head departed, and Zepto's Chief Brand Officer managed HR duties in the interim. This strategic move aims to strengthen Zepto's leadership team, enhancing its focus on human resources and operational efficiencies.

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

Economic Times

Economic Times · 2y 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.

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