NEW LEADERSHIP TAKES CHARGE AT IAMAI’S FINTECH CONVERGENCE COUNCIL

The Fintech Convergence Council under the Internet and Mobile Association of India has just announced a significant leadership reshuffle aimed at pushing India’s fintech ambitions forward. Vibhav Hathi, Co-Founder of OneCard, has been appointed as the new Chairperson of the council. Joining him in this new chapter are Co-Chairpersons Praveena Rai, Managing Director and CEO of MCX India, and Suresh Sethi, MD and CEO of Protean. Their appointments are set for a two-year tenure.

For Hathi, this role arrives at a pivotal moment in India’s financial journey. He emphasized the importance of trust, transparency, and collective progress in building a thriving fintech ecosystem. His focus will remain on fostering global partnerships and boosting innovation, particularly through the upcoming Global Fintech Fest, which he described as a spectacular platform to showcase India’s global fintech leadership.

Praveena Rai expressed her enthusiasm about joining the council, calling it an opportunity to bridge innovation and inclusivity within the financial services sector. She underlined her intent to support the WealthTech ecosystem and nurture an environment that thrives on technology-backed transformation.

Suresh Sethi echoed these sentiments, emphasizing that India’s fintech growth story is still in its early stages. He noted the importance of harmonizing technology with regulatory direction and building new ideas with policy insight. His leadership will guide the RegTech sector, promising a future that embraces innovation responsibly.

The FCC, with its diverse committees across Digital Lending, WealthTech, RegTech, and more, continues to serve as a unifying force for India’s ever-expanding fintech landscape. By working in close coordination with government bodies and regulators, the council aims to champion responsible digital finance while ensuring innovation remains inclusive and compliant.

The newly appointed committee leaders include Kunal Shah from CRED as Co-Chair of the Digital Lending Committee, Srinivas Jain from SBI Funds as Chair of the WealthTech Committee, and Deval Sheth from Utimaco Asia Pacific as Co-Chair of the RegTech Committee. Each brings deep expertise and industry perspective to help shape the future of finance in India.

This leadership transition marks a bold step forward in India’s fintech roadmap, one rooted in collaboration, clarity, and vision.

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