Amit Saxena, Global Deputy CTO of State Bank of India joins RBI Innovation Hub as the CTO today.On Aug 6, 2020, the Reserve Bank announced that it would set up Reserve Bank Innovation Hub (RBIH) to promote innovation across the financial sector by leveraging on technology and creating an environment that would facilitate and foster innovation.
The RBIH shall create an ecosystem that would focus on promoting access to financial services and products. This will also promote financial inclusion. The Hub will collaborate with financial sector institutions, the technology industry, and academic institutions and coordinate efforts for the exchange of ideas and development of prototypes related to financial innovations. It would develop internal infrastructure to promote fintech research and facilitate engagement with innovators and start-ups.
As the CTO of Reserve Bank Innovation Hub, Saxena will be tasked with building an innovation ecosystem for India’s banking and financial services industry. In his new position, Saxena will be based in Bangalore and will report to Rajesh Bansal CEO of RBI Innovation Hub.
Saxena has over 22 years of experience in IT Strategy formation, Application development, Stakeholder Management, and product development. At SBI played a leading role in driving digital initiatives and innovations in customer-centric journeys. Before joining SBI, Saxena worked for companies like Syntel, HCL technologies, TechMahindra, and Quark.
