
The Network That Strengthens the Ecosystem
IBDIC brings together institutions, regulators, and partners to enable trusted collaboration and resilient systems across the trade and financial ecosystem.
IBDIC works closely with ecosystem participants who operate at scale and with responsibility. Our approach is shaped by practical understanding of institutional workflows, regulatory alignment, and the need for systems that work seamlessly together.

Our Regulatory Engagement
Trusted by Our Customers
Trusted by customers who collaborate with IBDIC to build stronger networks and enable more informed financial decision-making.
Ecosystem Partners
Partners who strengthen and extend the IBDIC ecosystem across technology, data, and infrastructure.
Advisory Board

Abhaya Hota
Retired CGM - RBI & MD & CEO - NPCI
Abhaya Hota is a veteran financial services leader with over four decades of experience in banking and payments. A career central banker, he spent 27 years at the Reserve Bank of India (1982–2009) before serving as the first MD & CEO of NPCI (2009–2017), where he spearheaded the launch of transformative payment systems like IMPS, RuPay, AePS, Bharat BillPay, electronic toll payments, and UPI. He currently serves as Board Chair at Federal Bank Ltd and NSE Clearing Ltd, Audit Committee Chair at Protean eGov Technologies Ltd, and a board member at RBI Innovation Hub, Nearby Technologies Ltd, Scoreme Solutions Ltd, and Cashfree Payments India Pvt Ltd, bringing his extensive expertise to shape India's financial and digital payments landscape.
Board of Directors

Ajay Rajan
Country Head - Government, Multinational & International Business, Transaction Banking & Knowledge Units, YES Bank
Ajay Rajan is part of YES Bank’s senior management team and manages the Government, Multinational & International Business, Transaction Banking & Knowledge Units for the Bank. In this role, he is responsible for devising & executing the Bank’s overall business strategy for the Government, MNC & International Financial Institution client segments, while also propelling Sales growth & Product development across all Corporate Digital & Transaction Banking products namely Payments, Cash Management, Capital Market, Custody, Trade Finance, Supply Chain & Bullion. The Transaction Banking unit under Ajay spearheads all Corporate Digital Innovation initiatives for the Bank (including strategic public digital initiatives like ONDC, CBDC, ULIP, AA & OCEN). This unit also manages digital partnerships and alliances with Fintechs & other Strategic Influencers. Ajay also manages two strategic knowledge units for the Bank which engages with Government, Industry Bodies & Corporates on areas of policy creation & execution in the Food & Agri, EV etc space.
AT THE HELM
Meet the team that makes innovation happen

Ashish Singhal
Chief Executive Officer
Ashish is a recognised name in the banking sector with 28 years of experience across renowned financial institutions. His recent role as Managing Director at SVC Co-operative Bank, along with leadership in retail banking has honed him as a strategic thinker, and innovation enthusiast. Apart from being a certified design thinker and holder of diverse executive designations, PC Quest also recognised him among the Top 10 Technology Heroes in the country.

Anish
Chowdhary
Chief Business Officer
Anish brings a proven track record of building new businesses and driving transformation across BFSI, FMCG, Auto, and Nutrition industries in India, the USA, China, and Southeast Asia. As the youngest Business Head at YES Bank, he led fintech partnerships, digital innovation, and agile management practices to drive business growth. With expertise in sales, digital banking, product management, and marketing, he has successfully incubated and scaled ventures generating nearly a billion dollars in business. He also built India’s first low-code digital lending platform, recognized by Gartner, and led key transformation initiatives in MSME and consumer lending.
Rishabh
Garg
Chief Technology Officer
Rishabh brings over 21 years of experience in leading digital transformation & innovation across fintech, insurtech, & telecommunications. As a strategic technology leader, he has successfully driven initiatives that enhance profitability, streamline operations, and build scalable solutions. With a proven track record of managing technology and product investments of up to $7 million annually, he specializes in leading high-impact teams, overseeing the full lifecycle of innovation, and implementing cutting-edge technologies. A recognized thought leader, he is also a regular speaker on Digital Transformation, Financial Inclusion, and Information Security.

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Jitesh
Nagaria
Head of Products
Jitesh Nagaria is a seasoned product leader with 20+ years of experience building and scaling enterprise technology. As a serial entrepreneur, he founded and led doLoopTech to a successful acquisition after nearly a decade of growth. He has since driven GTM, product strategy, and customer experience at AI startup SiftHub. Jitesh brings deep expertise in taking products from 0 to 1 to scale, with a strong focus on solving real-world enterprise problems. His approach blends startup agility with the discipline of enterprise product thinking, making him a force multiplier for innovation and growth.
AT THE HELM
Advisory Board

Abhaya Hota
Retired CGM - RBI & MD & CEO - NPCI
Abhaya Hota is a veteran financial services leader with over four decades of experience in banking and payments. A career central banker, he spent 27 years at the Reserve Bank of India (1982–2009) before serving as the first MD & CEO of NPCI (2009–2017), where he spearheaded the launch of transformative payment systems like IMPS, RuPay, AePS, Bharat BillPay, electronic toll payments, and UPI. He currently serves as Board Chair at Federal Bank Ltd and NSE Clearing Ltd, Audit Committee Chair at Protean eGov Technologies Ltd, and a board member at RBI Innovation Hub, Nearby Technologies Ltd, Scoreme Solutions Ltd, and Cashfree Payments India Pvt Ltd, bringing his extensive expertise to shape India's financial and digital payments landscape.
Board of Directors

Ajay Rajan
Country Head - Government, Multinational & International Business, Transaction Banking & Knowledge Units, YES Bank
Ajay Rajan is part of YES Bank’s senior management team and manages the Government, Multinational & International Business, Transaction Banking & Knowledge Units for the Bank. In this role, he is responsible for devising & executing the Bank’s overall business strategy for the Government, MNC & International Financial Institution client segments, while also propelling Sales growth & Product development across all Corporate Digital & Transaction Banking products namely Payments, Cash Management, Capital Market, Custody, Trade Finance, Supply Chain & Bullion. The Transaction Banking unit under Ajay spearheads all Corporate Digital Innovation initiatives for the Bank (including strategic public digital initiatives like ONDC, CBDC, ULIP, AA & OCEN). This unit also manages digital partnerships and alliances with Fintechs & other Strategic Influencers. Ajay also manages two strategic knowledge units for the Bank which engages with Government, Industry Bodies & Corporates on areas of policy creation & execution in the Food & Agri, EV etc space.
AT THE HELM
Meet the team that makes innovation happen

Ashish Singhal
Chief Executive Officer
Ashish is a recognised name in the banking sector with 28 years of experience across renowned financial institutions. His recent role as Managing Director at SVC Co-operative Bank, along with leadership in retail banking has honed him as a strategic thinker, and innovation enthusiast. Apart from being a certified design thinker and holder of diverse executive designations, PC Quest also recognised him among the Top 10 Technology Heroes in the country.

Anish
Chowdhary
Chief Business Officer
Anish brings a proven track record of building new businesses and driving transformation across BFSI, FMCG, Auto, and Nutrition industries in India, the USA, China, and Southeast Asia. As the youngest Business Head at YES Bank, he led fintech partnerships, digital innovation, and agile management practices to drive business growth. With expertise in sales, digital banking, product management, and marketing, he has successfully incubated and scaled ventures generating nearly a billion dollars in business. He also built India’s first low-code digital lending platform, recognized by Gartner, and led key transformation initiatives in MSME and consumer lending.
Rishabh
Garg
Chief Technology Officer
Rishabh brings over 21 years of experience in leading digital transformation & innovation across fintech, insurtech, & telecommunications. As a strategic technology leader, he has successfully driven initiatives that enhance profitability, streamline operations, and build scalable solutions. With a proven track record of managing technology and product investments of up to $7 million annually, he specializes in leading high-impact teams, overseeing the full lifecycle of innovation, and implementing cutting-edge technologies. A recognized thought leader, he is also a regular speaker on Digital Transformation, Financial Inclusion, and Information Security.

%20(1)_edited.jpg)
Jitesh
Nagaria
Head of Products
Jitesh Nagaria is a seasoned product leader with 20+ years of experience building and scaling enterprise technology. As a serial entrepreneur, he founded and led doLoopTech to a successful acquisition after nearly a decade of growth. He has since driven GTM, product strategy, and customer experience at AI startup SiftHub. Jitesh brings deep expertise in taking products from 0 to 1 to scale, with a strong focus on solving real-world enterprise problems. His approach blends startup agility with the discipline of enterprise product thinking, making him a force multiplier for innovation and growth.
Voices from the Ecosystem
Who we build with
AT THE HELM
Voices from the Ecosystem
AT THE HELM
Meet the team that makes innovation happen
























