IBDIC (Indian Banks' Digital Infrastructure Company)
Ashish Singhal has a diverse work experience spanning over several companies and roles. Ashish is currently the Chief Executive Officer of IBDIC (Indian Banks' Digital Infrastructure Company) since April 2023. Prior to this, they worked as an Advisor at India Santa from November 2018 to April 2023. Ashish also served as the Managing Director at SVC Bank from August 2021 to January 2023, where they led the transformational change towards becoming a trusted universal bank. Ashish held the same position at Experian Credit Information Company of India Pvt. Ltd. from December 2018 to July 2021, where they diversified the bureau offering and developed new products for customer onboarding. Ashish worked at ICICI Bank for several years, holding various roles such as Head of Internet Banking, Head of Retail Banking (Karnataka), Head of Privilege Banking, and Head of Analytics & Channel Innovation. Before that, they co-founded and served as Director of Strategy & Business Development at Monarch Marketing Services. Ashish also gained experience working at American Express Bank, Standard Chartered Bank, GE Capital TFS Limited, and Tata Motors.
Ashish Singhal earned a Bachelor's degree in Mechanical Engineering from Delhi College of Engineering in 1993. Ashish then pursued a Post Graduate Diploma in Business Administration with a specialization in Marketing and Finance from SVKM's Narsee Monjee Institute of Management Studies (NMIMS) from 1993 to 1995. Prior to these higher education qualifications, Ashish Singhal attended Delhi Public School - R. K. Puram, although no specific degree or field of study was mentioned.
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IBDIC (Indian Banks' Digital Infrastructure Company)
IBDIC (Indian Banks' Digital Infrastructure Company) is a consortium of eighteen banks – Axis Bank, Bank Of Baroda, Canara Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC Bank, IndusInd Bank, Indian Bank, PNB, RBL Bank, Kotak Bank, South Indian Bank, Standard Chartered Bank, SBI, Yes Bank, Union Bank of India as investors. The Objective of the company is to build blockchain and other emerging technology infrastructure to enable growth of banking & economy by leveraging the network of eco-system partners. Blockchain as a technology lends itself to multiple use cases outside of Cryptocurrency like Trade enablement and finance (both domestic and international), KYC & AML including digital Identity and Frauds management, Payments & Core Banking, Loyalty and Rewards, Securities, Insurance, Lending, Cross border payments etc. The focus of the company is to design, develop and launch various financial products and services on distributed Ledger and other new age technologies for high volume and cost-effective financial transactions.