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IDFC, soon to be turned into a bank, has announced the appointment of Sriraman Jagannathan as Chief Digital & Data Officer.
"He will be responsible for building the digital framework, embedding a digital culture and driving digital transformation across all parts of the proposed IDFC Bank covering all products, clients and employees," IDFC said in a statement.
Rajiv Lall, Executive Chairman, IDFC said, “Technology today has become synonymous with banking and has made a visible difference in the functioning of banks internationally. Banks have benefitted immensely due to scaling up of business and growth in volumes, and customers too have benefitted with improvement in service quality. Sriraman will help us focus on two major aspects in the proposed IDFC Bank – creating new-age customer delight and driving digital business transformation."
Sriraman joined IDFC from Airtel, where he spearheaded the launch of the first mobile payments platform.
Prior to this, he worked for Citi group for over 20 years in the e-commerce and digital space in India and Japan.
IDFC has been granted in-principle approval by Reserve Bank of India to become a bank, which is likely by October 2015.
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