Paytm Doubles Down on AI With New Leadership Appointments
In a strategic move to fortify its artificial intelligence (AI) initiatives, leading Indian digital payments company Paytm has announced key changes to its top management. The Noida-based fintech firm has appointed its Chief Technology Officer (CTO) Manmeet Dhody to the newly created role of “AI Fellow.” Simultaneously, Senior Vice President of Technology Deependra Singh Rathore has been elevated to the position of CTO – Payments.
The leadership reshuffle comes on the heels of Paytm’s increased emphasis on integrating AI capabilities across various aspects of its business. Speaking at the company’s 24th annual general meeting last month, Vijay Shekhar Sharma, Paytm’s founder and CEO, reiterated the firm’s commitment to harnessing the power of AI, particularly in its core payments vertical.
Manmeet Dhody to Spearhead Paytm’s AI Innovation as ‘AI Fellow’
In his new role as AI Fellow, Manmeet Dhody will be responsible for driving Paytm’s AI-related projects and fostering innovation. Dhody, who joined Paytm in 2020 as CTO – Payments, brings with him over two decades of experience in the technology industry. His impressive resume includes stints at Amazon, Microsoft, and Quark, where he held leadership positions in software development.
Deependra Singh Rathore Takes Over as CTO – Payments
Taking over the reins from Dhody, Deependra Singh Rathore has been promoted to the position of CTO – Payments. Rathore, who has been with Paytm for eight years, has played a pivotal role in developing the company’s payments technology infrastructure. He has been credited with building comprehensive payment solutions for merchants and customers, including online payment gateways, QR payments, and card payments.
Prior to his promotion, Rathore served as the Senior Vice President of Technology at Paytm. His previous experience includes roles at Snapdeal, AGNITY, and GENBAND.
Paytm’s AI-Driven Future: Efficiency and Innovation
The appointment of Manmeet Dhody as AI Fellow and the elevation of Deependra Singh Rathore to CTO – Payments underscore Paytm’s commitment to leveraging artificial intelligence to drive efficiency and innovation across its operations. The company has been actively adopting AI to streamline processes and enhance its offerings.
However, this AI-driven approach has also led to some workforce restructuring. Over the past year, Paytm has reportedly laid off hundreds of employees as it seeks to optimize its operations through AI implementation.
Conclusion: Paytm’s AI Focus Poised to Transform Indian Fintech Landscape
With its renewed focus on artificial intelligence and the appointment of dedicated leadership to drive AI initiatives, Paytm is positioning itself at the forefront of India’s rapidly evolving fintech landscape. As the company continues to invest in cutting-edge technologies and integrate AI across its business operations, it is poised to revolutionize the way Indians access and utilize digital financial services. The strategic leadership changes, coupled with Paytm’s commitment to innovation, signal an exciting new chapter in the company’s growth story.
By lakshmanan
