One 97 Communications, the parent company of fintech major Paytm, has appointed Srinivas Yanamandra as its group head – regulatory affairs and policy. 

Yanamandra has over 20 years of experience in building compliance systems and processes at large and fast-growing businesses. He joins Paytm from the New Development Bank in Shanghai, where he served as chief of the compliance division. 

Prior to that, he worked as a compliance professional — both at ICICI Bank and IDFC First Bank in Mumbai — focusing on various aspects of banking regulation including governance, risk management, prudential reporting, risk-based supervision, digital banking, and more. 

Yanamandra is also a member of the policy working group of the Digital Currency Global Initiative, which is a collaboration between Stanford University and the International Telecommunication Union.

He is a qualified Chartered Accountant and Cost & Management Accountant with national ranks and a Fellow of International Compliance Association (UK). He is also a recipient of “CA Global Achiever Award 2019” from the Institute of Chartered Accountant of India.

"Indian regulatory initiatives have acted as enablers for Digital India as well as payments & financial services in the country. We are excited to welcome Dr Srinivas to the Paytm team. His years of expertise in the financial industry will further contribute to the rapidly growing Paytm ecosystem,” said Vijay Shekhar Sharma, Founder and CEO, Paytm.

“Paytm’s contribution to the Indian fintech landscape is exemplary, augmented by the business-friendly regulatory developments in the country.  I’m excited to make my contribution in fuelling the company’s journey further as it continues to achieve new milestones,” added Yanamandra.