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EbixCash Non-public Restricted, a subsidiary of fintech firm Ebix Inc., has appointed ex- Reserve Financial institution of India (RBI) government director Uma Shankar as a brand new unbiased director to the EbixCash board. She had retired from the central financial institution in 2019 as an government director after 37 years of service.
Throughout her RBI stint, she was the Chairperson of the Standing Committees on cyber safety and knowledge analytics and was the pinnacle of the interdepartmental group to discover the feasibility of introducing the Central Financial institution Digital Forex, or popularly often known as CBDC. Shankar is presently an unbiased director on the boards of Karnataka Financial institution and IDBI Capital Markets and Securities Restricted.
She has additionally been the non-executive board member on the boards of Export Credit score and Assure Company of India Restricted, Safety Printing and Minting Company of India Restricted, Bharatiya Reserve Financial institution Observe Mudran Non-public Restricted, Canara Financial institution and UCO Financial institution.
Shankar is a Licensed Affiliate of the Indian Institute of Bankers (CAIIB) and has accomplished Government Training at New York’s Columbia Enterprise College and has a Masters in English.
In line with an EbixCash launch, Uma brings huge expertise throughout areas like banking supervision, foreign money administration, city financial institution supervision, cybersecurity administration, and so on., coupled with over 20 years of board stage expertise in authorities and quasi-government workplaces. Apart from Shankar, the EbixCash Board of Administrators has professionals like SP Kothari, S Ravi, Sunil Srivastava, Neil Eckert and Pavan Bhalla.
Uma Shankar mentioned that EbixCash has emerged as a robust participant within the monetary sector on the business-to-consumer (B2C) and the business-to-business (B2B) segments like cost options, pay as you go playing cards, remittance, international alternate, AEPS insurance coverage and invoice funds, and so on. on the B2C facet and technology-based companies like lending, wealth and asset administration, insurance coverage, and so on. for banks and establishments.
“Having spent my complete profession within the monetary business, I’m properly versed with the banking and BFSI business, in addition to having a deep understanding of its numerous related features like expertise developments, cyber safety, foreign money administration, rules and administration. I’m delighted to affix the board of EbixCash and to have the ability to humbly contribute to the EbixCash efforts to convey elevated digitalisation to the monetary business worldwide,” she famous.
“Uma brings a deep mix of regulatory, administration, expertise, strategic and company governance expertise throughout the banking and monetary sector to the board. She is seen as a number one luminary within the discipline of economic regulation, cyber safety, knowledge analytics and digital foreign money globally – all fields related to EbixCash as we embark on our world journey. We’re excited to have her on the EbixCash board,” Chairman of the EbixCash board, Robin Raina mentioned on Shankar’s appointment.
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