PayU appoints new risk officer

Fintech firm PayU has appointed Pramod Rao as its new chief risk officer (CRO) amid a series of new hires at the senior management level. Rao will be responsible for shaping and overseeing risk management strategies, ensuring regulatory compliance, and strengthening the organisation’s financial and operational risk framework, the company said. He has previously worked with Axis Bank, Vodafone Idea, Citibank, IDBI Bank, ICICI Bank, and HSBC.

Rao’s appointment follows a line of leadership changes at the payments technology company. The firm said it had been "strategically expanding" across roles over the past six to eight months.

"We are delighted to welcome Pramod Rao to PayU at a pivotal time, as digital transactions continue to scale rapidly, making risk management more important than ever. His extensive experience in financial security, regulatory compliance, and fraud prevention will be key to enhancing our risk framework and ensuring seamless, secure transactions for our customers,” said Anirban Mukherjee, chief executive officer (CEO), PayU.

Some of the new appointments at PayU Payments include Pranav Pandya as chief compliance officer, Dimple Mehta as company secretary, and Rahul Bharadwaj as head of operations. PayU has also appointed Ashok Patil as chief risk officer for its credit business.