Amit Saxena joins RBI Innovation Hub as CTO

Image credit: BFSI- Elets Technomedia

Amit Saxena, Global Deputy CTO of State Bank of India has joined RBI Innovation Hub as the CTO.

Saxena has over 22 years of experience in IT Strategy formation, Application development, Stakeholder Management, and product development.

At SBI played a leading role in driving digital initiatives and innovations in customer-centric journeys. Before joining SBI, Saxena worked for companies like Syntel, HCL technologies, TechMahindra, and Quark.

On Aug 6, 2020, the Reserve Bank had announced that it would set up Reserve Bank Innovation Hub (RBIH) in order to promote innovation across the financial sector by leveraging on technology and creating an environment that would facilitate and foster innovation.

The RBIH shall create an ecosystem that would focus on promoting access to financial services and products. This will also promote financial inclusion.

The Hub will collaborate with financial sector institutions, the technology industry, and academic institutions and coordinate efforts for the exchange of ideas and development of prototypes related to financial innovations.

It would develop internal infrastructure to promote fintech research and facilitate engagement with innovators and start-ups, according to reports.

As the CTO of Reserve Bank Innovation Hub, Saxena will be responsible for building an innovation ecosystem for India’s banking and financial services industry. In his new position, Saxena will be based in Bangalore and will report to Shyam Srinivasan, MD & CEO of RBI.

Anuradha Nagar

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