Mumbai: PaisaDukan, a Peer-to-Peer lending platform owned by fintech startup BigWin Infotech, appointed industry veteran Pranab Ray as a Chief Risk Officer. Post In-Principle approval from Reserve Bank of India, PaisaDukan is strengthening its management team with key appointments and eying a significant market share in crowd funding category. This will enable the company to have better control over their operations and widen its reach.
Pranab comes with vast banking experience and prior to joining PaisaDukan he was VP, Head of Regulatory compliance & process monitoring in Bank of America N.A. for more than 30 years. He was also key member of major projects like Implementation of KYC at Bank of America, Operations Risk Management Review committee HongKong & China and International Euro Promotions, London.
“Pranab’s vast experience in multinational banking is going to bolster PaisaDukan on Credit Risk Management, Legal & Compliance along with RBI Reporting”, said Rajiv M Ranjan, Founder & CMD, PaisaDukan.
Commenting on appointment, Pranab Ray said, “I was part of many revolutionary projects in digital banking domain, PaisaDukan is also promoting Digital Finance in India. The key functional area of Digital alternative banking is to bridge borrowers & investors with effortless deal. I am glad to be part of PaisaDukan which is emerging as an alternate financing option to promote financial inclusion.
About BigWin Infotech
BigWin Infotech is an ISO 27001:2013 & 9001:2015 certified fintech start-up, duly recognized by the Department of Industrial Policy & Promotion (DIPP). The Company operates in P2P lending business through its solely owned market place PaisaDukan.com.
BigWin is a new kind of technology driven finance company taking a radical approach to lending and wealth management bringing to the plate a comprehensive portfolio carrying unprecedented products and tools to faster service and open conversations. It provides a robust and scalable market place wherein borrowers and lenders can interact directly.