His appointment comes a few weeks after Majiruddin Shaikh was designated as the chief technology officer. Shaikh previously led technology functions for India and the Middle East at Thoughtworks, a global tech company.
RBIH is currently helmed by Sahil Kini, cofounder of fintech infrastructure startup Setu, which was acquired by Pine Labs in 2022. Emailed queries to RBIH did not elicit a response.
Addressing a recent industry event, Kini said he is in the process of expanding the team at RBIH. The principal areas of coverage currently continue to be in the domain of fraud detection and building ULI (Unified Lending Interface).
Last month, RBIH also appointed Devraj Sanyal as chief AI and data science officer. Sanyal has previously worked in Goldman Sachs and Thomson Reuters.
RBIH is building ULI as a single platform combining lending activity of all financial services firms, similar to Unified Payments Interface (UPI), a centralised platform powering digital payments in India.
Another product that RBIH has built is MuleHunter, a tool that can help detect mule accounts. This tool is being deployed in the banking ecosystem as a means to fight the menace of payment frauds and mule accounts.
