Results so far show reducing transaction costs.
Mumbai-based Yes Bank has appointed Mahesh Ramamoorthy as its CIO. In this critical role, he will lead Technology and Digital transformation for the Bank.
Mahesh will also lead the new age technologies such as API, AI/ML, BI and Business Solutions which is going to be driving factor for all the new products at YES BANK.
Mahesh comes with over three decades of experience in the BFSI technology space in payments & banking technology, product design, business solution and project management across Indian and MNC Banks and technology firms.
In his previous role, he was leading the Payments vertical for Europe, Asia Pacific, Middle East and Africa at FIS Inc. He has also been associated with Barclays Bank, Kotak Mahindra Bank, Aviva Plc, DCB Bank, IDBI Bank and Standard Chartered Bank.
Mahesh is a Bachelor in Engineering with a specialization in Electronics from University of Mumbai and is a certified Information Systems Manager and a Marshall Goldsmith certified, Stakeholder centered coach.
Prashant Kumar, MD and CEO of YES BANK said Ramamoorthy will further strengthen the Bank’s technology initiatives including the usage of new age technologies.
“While the Bank continues to enhance customer experience leveraging on technology and innovation, his experience and expertise will help us cultivate and boost our technology backed offerings, in line with the Bank’s strategy of building a transformed ‘Digital Bank’,” he said.
Yes Bank is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients. IT operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and eight Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
