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<keyword id="6357120" type="UNKNOWN" weightage="100" keywordseo="PayTM">Paytm</keyword>, the Noida-headquartered digital payments solutions company has made some top-level additions to its payments bank arm, with <keyword id="3363917" type="UNKNOWN" weightage="100" keywordseo="Ruchita-Taneja-Aggarwal">Ruchita Taneja Aggarwal</keyword> and <keyword id="3363918" type="UNKNOWN" weightage="100" keywordseo="Priya-Karnik">Priya Karnik</keyword> from Citibank India being hired as head of banking operations and head of product development for banking operations, respectively. 
 
Aggarwal worked as the director of treasury and trade solutions and Singapore head for regional product sales at Citibank, while Karnik was director of treasury and trade solutions, regional implementation. 
 
With these appointments, the payments arm of the <a href="http://www.businessinsider.in/Alibaba-to-enter-in-India-via-Paytm/articleshow/51490871.cms" target="_BLANK￿￿￿￿">Alibaba-backed</a> company has got its leadership team across FMCG, consultancy, banking and e-commerce businesses before its banking services roll-out in August. 
 
Also read: <a href="http://www.businessinsider.in/Alibaba-India-logistics-companies/articleshow/52235513.cms" target="_BLANK￿￿￿￿">Indian logistic companies look forward to partnering with Alibaba for its India entry</a> 
 
It was earlier this year that <a href="http://www.businessinsider.in/Paytm-payments-bank-to-be-headed-by-former-RBI-and-PwC-executive-Shinjini-Kumar/articleshow/51056601.cms" target="_BLANK￿￿￿￿">Shinjini Kumar</a> from RBI and PwC was hired for Paytm’s payments bank, which was followed by <a href="http://www.businessinsider.in/Amazon-India-Fashion-head-quits/articleshow/49014573.cms" target="_BLANK￿￿￿￿">Vikas Purohit</a> from Amazon, Kshitij Sanghi from McKinsey, <a href="http://www.businessinsider.in/Know-everything-about-Paytms-Project-Pokhran/articleshow/50528221.cms" target="_BLANK￿￿￿￿">Varun Khullar</a> from ITC and Vipin Surelia from the RBI, who were all taken in as VPs of various verticals. 
 
Also read: <a href="http://www.businessinsider.in/Paytm-in-parking-lots/articleshow/52142106.cms" target="_BLANK￿￿￿￿">Go cashless: Paytm ties up with 500 parking lots to let you park cars without cash</a> 
 
"It is no secret Paytm is expanding and diversifying at an exponential rate. Joining the organisation gives me an unparalleled opportunity to work with some of the most well-known industry thought leaders who are trying to build something new and unique," Karnik was quoted saying. 
 
Amit Sinha, vice president at Paytm said, "We are committed to keep enhancing our services and product portfolio. We are confident that with (Aggarwal and Karnik) on board, we will be able to drive greater growth and success."

Former Citibank executives to lead banking operations at Paytm’s payments bank

There is a new industry that is rising with the motive of making banking easier for customers, and to top it all, it’s still away from regulators. The financial technology sector, or <keyword id="2461546" type="UNKNOWN" weightage="100" keywordseo="FinTech">fintech</keyword> as it is christened by users, is attracting talented individuals from all the industries. 
 
It was last week that Flipkart hired for two high-profile jobs in the fintech business, following Paytm, which had roped in PwC's <a href="http://www.businessinsider.in/Shinjini-Kumar-to-head-Paytm-payments-bank/articleshow/51056601.cms">Shinjini Kumar</a> to be the CEO of its <a href="http://www.businessinsider.in/IT-giants-like-Infosys-TCS-want-to-pull-off-a-deal-worth-Rs-125-crore-with-Paytm-for-its-payments-bank/articleshow/51102984.cms">payments bank</a> that is yet to be launched. Not only this, Krishna Hegde, Barclays’ top executive, and Vipin Surelia, former DGM at RBI, were also hired. 
 
Fintech, the umbrella term, covers technology-based companies operating in insurance, payment, and asset management, etc. It is already transforming banking business, challenging mammoth banks, which is why headhunters are observing talents moving towards it. 
 
"Finance technology is a booming segment in India with the opening of numerous mobile wallet companies, non-banking financing companies and now payments banks - all running on robust digital platforms," said AG Rao, group managing director of ManpowerGroup India. Being relatively new, the segment is already generating a lot of new jobs, with most of them clustered around mobile, user experience and financial analysis. 
 
More than 117 million Indians use smartphones and over 160 million of us are connected to the Internet, which is why a large number of companies are coming up with products that can assist their customers. Financial sector is not far behind in this, as technology is developing at a rate alarming for traditional banking. 
 These low-cost, high-tech technology models deal with low-value, high-volume financial customers, which is why companies like <keyword id="143842" type="UNKNOWN" weightage="100" keywordseo="Mobikwik">Mobikwik</keyword>, <keyword id="2461194" type="UNKNOWN" weightage="100" keywordseo="Capital-Float">Capital Float</keyword>, <keyword id="1745661" type="UNKNOWN" weightage="100" keywordseo="Mswipe">MSwipe</keyword>, <keyword id="6580234" type="UNKNOWN" weightage="100" keywordseo="CITRUS-PAY">Citrus Pay</keyword> and <keyword id="6519244" type="UNKNOWN" weightage="100" keywordseo="Ezetap">Ezetap</keyword> have raised more than $150 million in India. 
 
"Considering this is a newly evolved industry, it will see at least a 20% increase in hiring due to new e-wallets and payments banks. It will be due to large scale of business (ecommerce) and financials going online," Ajay Shah, assistant vice president at Teamlease Services, told ET. 
 
Talking about the future of fintech in India, it is as of now synonymous with just payment technology; however, globally speaking, there are 11 lending fintech unicorns. Nonetheless, the sector is expected to spread its wings in India, covering hitherto untapped areas such as lending and personal finance. 
 
<a href="http://hollandfintech.com/wp-content/uploads/2015/04/fintech-apps.jpg">Image source</a>

Fintech sector spreading its wings in India, attracting talents from across industries

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Rhotas Nagar assembly constituency candidate names

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In Amethi, Congress’s Rahul Gandhi and BJP’s Smriti Irani are up against 25 other challengers

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Chandni Chowk delhi assembly election candidate names of all parties

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Karawal Nagar assembly constituency candidate names

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Congress candidate list for Delhi Election 2020, sitting AAP MLA Adarsh Shastri to contest on Congress seat from Dwarka

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Former Citibank executives to lead banking operations at Paytm’s payments bank

BI India Bureau

Fintech sector spreading its wings in India, attracting talents from across industries

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