Mumbai: One 97 Communications, that owns the brand Paytm, has appointed Dr. Srinivas Yanamandra as its Group Head – Regulatory affairs and Policy. He has over 20 years of experience in building compliance systems and processes at large and fast growing businesses.
Dr. Srinivas joins Paytm from the New Development Bank in Shanghai, where he served as chief of the compliance division. Prior to that, he worked as a compliance professional — both at ICICI Bank and IDFC First Bank in Mumbai — focusing on various aspects of banking regulation including governance, risk management, prudential reporting, risk-based supervision, digital banking, and more. In addition, Dr. Srinivas is a member of the policy working group of the Digital Currency Global Initiative, which is a collaboration between Stanford University and the International Telecommunication Union.
He is a qualified Chartered Accountant and Cost & Management Accountant with national ranks and a Fellow of International Compliance Association (UK). He is also a recipient of “CA Global Achiever Award 2019” from the Institute of Chartered Accountant of India.
The latest appointment comes as Paytm continues to strengthen its team as a part of its commitment to driving financial inclusion in India. The company is focussed on offering consumers and merchants, technology-led, easy-to-use digital products and services as well as easy and inclusive access to financial services.
Vijay Shekhar Sharma, Founder and CEO, Paytm said, “Indian regulatory initiatives have acted as enablers for Digital India as well as payments & financial services in the country. We are excited to welcome Dr Srinivas to the Paytm team. His years of expertise in the financial industry will further contribute to the rapidly growing Paytm ecosystem
Dr Srinivas Yanamandra, Group Head – Regulatory Affairs and Policy, Paytm said, “Paytm’s contribution to the Indian fintech landscape is exemplary, augmented by the business-friendly regulatory developments in the country. I’m excited to make my contribution in fuelling the company’s journey further as it continues to achieve new milestones.”