EbixCash inducts ex RBI ED Uma Shankar to its board

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Mumbai: EbixCash, a subsidiary of Nasdaq listed Ebix, Inc has appointed former RBI Executive Director Uma Shankar to its Board of Directors.

Uma Shankar will be in the role of a new Independent Director to the EbixCash Board. She is a career banker, having retired as Executive Director of Reserve Bank of India (RBI), after serving RBI for 37 years.

Shankar has a deep understanding of financial regulation, cybersecurity and data analytics. She has served as the Co-Chair of the committees relating to Financial Regulation and as a member of the Audit and Supervision groups of several International financial bodies.

On the national front, she was the Chairperson of the Standing Committees on Cyber security and Data analytics. She was also the head of the interdepartmental group to explore the feasibility of introducing Central Bank digital currency.

She is serving as Independent Director on the Boards of Karnataka Bank as well as IDBI Capital Markets and Securities Ltd.
“EbixCash has emerged as a strong player in the financial sector both on the B2C and B2B side – be it payment solutions, pre-paid cards, remittance, foreign exchange, bill payments, AEPS etc. on the B2C side and then technology-based services like lending, wealth & asset management, insurance etc. for banks and financial institutions,” said Uma Shankar.

“Having spent my entire career in the financial industry, I am well versed with the banking and BFSI industry, besides having a deep understanding of its various associated aspects like technology trends, cybersecurity, currency management, regulations and administration,” she added.

“I am delighted to join the board of EbixCash and to be able to humbly contribute to the EbixCash efforts to bring increased digitization to the financial industry worldwide,” commented Shankar.
“Uma brings a deep blend of regulatory, administration, technology, strategic, and corporate governance experience across the banking and financial sector to the Board,” said Robin Raina, Chairman of Board, EbixCash.

“She is seen as a leading luminary in the field of financial regulation, cyber security, data analytics and digital currency globally – all fields relevant to EbixCash as we embark on our global journey. We are excited to have her on the EbixCash Board,” added Raina.

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