Spice Money appoints Usha Murali as its Chief Compliance & Risk Officer
By MYBRANDBOOK
Spice Money has appointed Usha Murali as Chief Compliance & Risk Officer (CCRO). Her appointment aims to strengthen the company’s regulatory compliance framework and become the country’s most trusted rural fintech player. Usha will be working closely with the management and the Board of Directors to ensure that the organization continues to adhere to regulations, assess and mitigate significant competitive, regulatory and technological threats to the organization.
Usha Murali is an industry veteran with three decades of experience in banking and financial services. She has successfully led small and large teams in traditional, contemporary and modern fintech banking setups. Her core competencies include the design, implementation and monitoring of internal control frameworks in the areas of risk, compliance and audit. She is a Certified Associate of the Indian Institute of Bankers and an IIM Bangalore alumna. During her professional journey, she has worked with Airtel Payments Bank, Fincare Small Finance Bank, ING Group, Amsterdam, Kotak Mahindra Bank, ING Vysya Bank, and Central Bank of India. Usha’s last assignment was with Airtel Payment Bank as their Chief Risk Officer.
ONDC and the role of Spice Money
Sanjeev Kumar, Co-Founder & CEO of Spice Money, said, “At Spice Money, we are committed to digitally and financially empowering the unbanked and underbanked population through our phygital model keeping in line with the government regulations. Usha’s appointment as Chief Compliance & Risk Officer will further strengthen our core team. With a rich experience in the banking and financial services industry, she will play an integral role at Spice Money to strengthen our risk compliance, audit frameworks, and fortify our presence as the most trusted rural fintech player”.
Spice Money has scaled exponentially in the past year, with its Adhikari (merchants / nanopreneurs) network nearly doubling to 10, 00,000 strong and more than 1 lakh micro-ATM network. The company has witnessed a 4X growth in the last two years in terms of transaction volumes, network growth, customer GTV, and service-fee revenue. The company increased its service-fee revenue by 80% to Rs 341 crore in FY22 from Rs 190 crore in FY22.
BREAKING NEWS
TECHNO TRENDS
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
E-Magazine
TECHNOTAINMENT
Airtel Xstream Play strengthens regional content library, part
Bharti Airtel (“Airtel”), one of India’s leading telecommunications
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
MOVERS & SHAKERS
Clover Infotech appointed Subham Banerjee as CDO
Clover Infotech has announced the appointment of Subham Banerjee as its Ch
Saviynt ropes in Sanjeevi Kumar as new Sales Director in India
The cloud-native identity and governance platform solutions provider Saviy
OPEN YOUR EYES
INTERVIEWS
Kaspersky securing the digital landscape by offering enhanced
Kaspersky is a thought leader in cybersecurity that identifies threats by p
India continues to be a key contributor in Hitachi Vantara’s
The brand strategy of Hitachi Vantara is tied to further expanding the Hita
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
EXIDE INDUSTRIES LTD.
MATRIX COMSEC PVT. LTD.
HAVELLS INDIA LTD.
ALPHAMAX TECHNOLOGIES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : SUNIL BHARTI MITTAL
Sunil Bharti Mittal is the Founder and Chairman of Bharti Enterprises,...
Icons Of India : CP Gurnani
Former Managing Director and CEO of the well-known IT service company ...
ICONS OF INDIA : RITESH AGARWAL
Ritesh Agarwal is an Indian billionaire entrepreneur and the founder a...
PARTNER SPEAKERS
PSU
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
IFFCO - Indian Farmers Fertiliser Cooperative
IFFCO operates as a cooperative society owned and controlled by its fa...
STPI - Software Technology Parks of India
STPI promotes and facilitates the growth of the IT and ITES industry i...
VIDEOS
Top 25 Brands
Value-Added Distribution
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
