Niyo, the leading digital banking fintech in India, has announced strategic elevations within its leadership team, reinforcing its commitment to expanding global and mass banking operations while introducing innovative product offerings. Sai Sankar M, a veteran leader at Niyo since 2016, has been appointed Chief Business Officer for Global Banking, leveraging his two decades of banking experience to enhance Niyo Global, serving 1.5 million customers.
Tushar Verma, a seasoned banker with over two decades of experience and five years with Niyo, is now Chief Business Officer for Mass & Affluent Banking. Verma has played a crucial role in building NiyoX, the mass and affluent banking business, which currently serves over 4 million customers.
Mrigank Shekhar, a four-year veteran at Niyo, has been appointed Chief Product Officer. In this role, Shekhar will shape the development of innovative product solutions, contributing to Niyo’s distinct position in the industry.
Vinay Bagri, Co-founder and CEO of Niyo, expressed gratitude for the contributions of the leadership team, emphasizing the strategic importance of these elevations. He stated, “Sai Sankar, Tushar Verma, and Mrigank Shekhar, each with their deep industry knowledge and experience, will continue to play key roles in our journey towards innovation and excellence. We are confident that their leadership will further our commitment to delivering excellence in banking services and forging new paths in the Fintech space, ultimately benefiting our valued customers.”
Sai Sankar M, the newly appointed Chief Business Officer for Global Banking, expressed his excitement about the role and emphasized Niyo’s commitment to innovation. He aims to position Niyo Global as a leading player in travel-led banking as the world becomes increasingly interconnected.
Tushar Verma, now Chief Business Officer for Mass & Affluent Banking, highlighted the immense opportunity mass banking presents to reach and provide simplified banking solutions to a broader consumer base. His focus will be on delivering high-quality financial solutions with NiyoX and other banking partners.
Mrigank Shekhar, the new Chief Product Officer, expressed delight in contributing to the transformation of the entire banking experience. He emphasized Niyo’s dedication to delivering exceptional banking services and forging new paths in the Fintech sector.
These strategic elevations within Niyo’s leadership underscore the company’s commitment to innovation, excellence, and delivering high-quality financial solutions to diverse consumer segments.