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PayU appoints new head of risk operations and anti-money laundering for India

By Leandra Monteiro

February 15, 2023

  • AML
  • Anti - Money Laundering
  • India
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PayUPayU, an Indian online payments solutions provider, announced the appointment of Manish Deo as its Head of Risk Operations and Anti-Money Laundering (AML). In his new role, Manish will oversee the risk management framework, mitigation strategies and risk operations across PayU’s payments business.

PayU has always maintained risk operational governance as its key focus within its core governance areas to ensure the highest level of compliance, operational excellence and while building advanced processes around these functions. As the brand strikes new strategic partnerships, Manish will oversee third-party risk management from a reputational, financial, regulatory and credit risk perspective as well as ensure business resiliency. Manish will be responsible for leading the continual development and maintenance of appropriate policies, procedures, processes, and tools across PayU payments business.

Commenting on the appointment, Anirban Mukherjee, Chief Executive Officer, PayU Payments, said, “We are pleased to bring in someone of Manish’s caliber and experience to take up the leadership of our risk and compliance responsibilities. Manish has an excellent record of risk management in financial services and his expertise and insights will be invaluable in our constant work to monitor and increase the effectiveness of our anti-financial crime efforts.”

“Our journey of innovation must go hand in hand with strong risk management, for us to be able to create and expand our digital financial services responsibly,” he further added.

Manish Deo, Head Risk Operations and AML, PayU payments, said, “PayU’s contribution to the Indian fintech landscape is exemplary, I’m excited to be part of PayU and make my contribution in fueling the company’s journey further as it continues to achieve new milestones.”

Manish carries two decades of experience in risk management, digital transaction monitoring and credit risk strategies for payment and lending businesses. Prior to this, he worked as Senior Vice President and headed the risk containment unit in IndusInd bank. He also worked for Axis Bank and IDFC First Bank in Mumbai — focusing on various aspects of risk management frameworks in the space of, digital lending, transaction monitoring governance, prudential reporting, risk-based supervision and on payment business risks. He has been instrumental in setting up the fraud risk strategic frameworks and has extensive experience in risk management, governance and digital banking.

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