NayaOne has announced Karan Jain as their new Chief Executive Officer.
This appointment comes as the company doubles in size and onboards top tier institutions as customers. Karan’s experience within both financial institutions and start-ups makes him the ideal addition at this time of growth and opportunity for NayaOne. He will lead across all facets of the business overseeing strategy, product, commercial and investment prospects.
The Covid-19 pandemic has triggered further digitisation in the financial sector. A PwC global study from 2020 showed that 75% of banks are investing in developing a more customer-focused business model by collaborating with fintechs. NayaOne enables organisations of all sizes to build financial products and services in partnership with Fintechs, bringing robust products and services to market quickly.
NayaOne is able to help organisations build, evaluate and scale products from concept to production in half the time and at a fraction of the cost of legacy processes.
Karan said “I am very excited to be joining NayaOne. As a practitioner, the ability to connect once and gain access to multiple Fintechs and relevant datasets in a secure environment is invaluable. It is the best way to both validate partners before onboarding and to build solutions within institutional infrastructures. The managed service capability adds another layer of simplicity and speed in bringing products to market.
The finance industry is transforming in front of us. Regulatory challenges, emerging technologies and changing customer behaviour are driving all financial firms to accelerate their innovation. NayaOne’s purpose is to enable this innovation at pace. Using a highly modular, and cloud-native Fintech-as-a-Service platform provides flexibility to respond and adapt to changes in market demand. The UK Digital Sandbox is a great example of how we deliver this; industry participants openly innovating with emerging technology and fast growing Fintechs.”
Karan Jain joins Matt Allan, now Head of Engineering. Matt states: “Having built products with Karan in the past, I am delighted to welcome him to lead the company at such a critical time in NayaOne’s life. The platform is in use by several top-tier institutions and Karan’s extensive knowledge in the financial space will allow us to build on our previous successes.”